Baid Finserv Limited — Others, 07-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Baid Finserv has confirmed there was no deviation in the utilization of funds raised through the preferential issue of convertible warrants for the quarter ended June 30, 2025. The company raised a total of 18.13 Cr via warrants, with an upfront collection of 4.53 Cr (25% of the total issue size). This upfront amount, received from the 1,20,06,831 warrants, has been fully utilized as planned for working capital needs, debt reduction, and general corporate purposes, aligning with the original objectives. This update assures investors that funds are being used as intended.