Baid Finserv Limited — Board Meeting, 09-04-2025: Outcome of Board Meeting

Baid Finserv Limited has announced a board meeting outcome where the board approved the allotment of 1,20,06,831 fully convertible warrants to promoters at an issue price of ₹15.10 each, raising a total of ₹4.53 crore from the initial payment. The allotment is pursuant to a previous Extraordinary General Meeting approval and will enhance the post-issue shareholding structure of the promoters significantly. This strategic fundraising through preferential issue is aimed at bolstering the company’s equity base. The equity shares issued upon conversion will be listed on BSE and NSE.