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BAIDFIN - Baid Finserv

📊 NSE: BAIDFIN 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 18:52

📢 Recent Corporate Announcements

Baid Finserv Allots 48.02 Lakh Equity Shares to Promoters via Warrant Conversion

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 12 Mar 2026, 12:45 PM

Baid Finserv has converted 48,02,732 warrants into equity shares for two promoter group entities, Niranjana Properties and Dream Realmart. The company received the remaining 75% of the issue price, totaling approximately Rs. 5.44 crore, at a conversion price of Rs. 15.10 per share. This move has increased the promoter group's stake in the company from 45.71% to 47.39%. The total paid-up capital of the company now stands at 15.48 crore equity shares following this allotment.

Allotment of 48,02,732 equity shares of face value Rs. 2 each at a premium of Rs. 13.10
Promoter group shareholding increased from 45.71% to 47.39%
Received Rs. 5.44 crore as the final 75% payment for the warrant conversion
Total issued and paid-up capital increased to 15,48,88,107 equity shares

💡 Investors should view the increase in promoter stake as a positive signal of confidence in the company's long-term growth. Monitor the company's upcoming quarterly results to see how the additional capital is being deployed.

Baid Finserv Allots 48.02 Lakh Equity Shares to Promoters via Warrant Conversion

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 12 Mar 2026, 12:38 PM

Baid Finserv Limited has approved the allotment of 48,02,732 equity shares following the conversion of warrants by promoter group entities. The company received the balance 75% subscription amount, totaling approximately Rs. 5.44 crore, at an issue price of Rs. 15.10 per share. This conversion has resulted in an increase in the promoter group's shareholding from 45.71% to 47.39%. The newly allotted shares rank pari-passu with existing equity shares, and no warrants remain outstanding for these specific allottees.

Allotment of 48,02,732 equity shares of Rs. 2 face value at a premium of Rs. 13.10 per share
Receipt of balance 75% consideration amounting to Rs. 5,43,90,940 from promoter group entities
Promoter group shareholding increased from 45.71% to 47.39% post-allotment
Total paid-up capital increased from 15,00,85,375 to 15,48,88,107 equity shares
Allottees include Niranjana Properties Private Limited and Dream Realmart Private Limited

💡 The increase in promoter stake through warrant conversion is a positive signal of management's confidence in the company. Investors should monitor the company's upcoming quarterly results to see if this capital infusion translates into improved operational performance.

Baid Finserv Pays Rs 23,600 Fine to BSE and NSE for Procedural Non-Compliance

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 10 Feb 2026, 02:26 PM

Baid Finserv Limited has paid a total fine of Rs 23,600 to BSE and NSE for non-compliance with SEBI LODR Regulations regarding prior intimation of a committee meeting. The fine pertains to a Rights Issue Committee meeting held on November 11, 2025, where the company failed to provide timely notice. The Board reviewed the matter on February 10, 2026, and clarified that the lapse was procedural and interpretational. The company has regularized the matter by paying the fines and reiterated its commitment to high governance standards.

Fine of Rs 11,800 each (including GST) paid to BSE and NSE, totaling Rs 23,600.
Non-compliance related to Regulations 29(2) and 29(3) of SEBI LODR for a meeting held on Nov 11, 2025.
The Board noted that the meeting was for a previously approved Rights Issue and no new decisions were taken.
Company has fully regularized the matter to avoid further regulatory actions.

💡 This is a minor regulatory matter with negligible financial impact. Investors should monitor for any recurring compliance issues but no immediate action is needed.

Baid Finserv Q3 Net Profit Steady at ₹4.75 Cr; 9M Profit Surges 35.8% to ₹13.32 Cr

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 02:21 PM

Baid Finserv Limited reported a marginal year-on-year increase in net profit for Q3 FY26, reaching ₹4.75 crore compared to ₹4.73 crore in Q3 FY25. However, the nine-month performance shows significant growth, with net profit rising 35.8% to ₹13.32 crore. Revenue from operations for the quarter grew by 15.4% YoY to ₹24.63 crore. The company also completed a significant rights issue in December 2025, which expanded its equity base but led to a slight dilution in quarterly EPS from ₹0.39 to ₹0.38.

Total Income for Q3 FY26 increased by 20.5% YoY to ₹25.72 crore.
Nine-month net profit grew to ₹13.32 crore from ₹9.81 crore in the previous year's corresponding period.
Allotted 3,00,17,075 equity shares via Rights Issue on December 08, 2025, increasing paid-up capital to ₹30.02 crore.
Interest income for the quarter rose to ₹20.02 crore from ₹18.61 crore in Q3 FY25.
Transferred stressed assets with an aggregate principal outstanding of ₹9.38 crore during the nine-month period.

💡 While the nine-month growth is robust, the flat quarterly profit and equity dilution from the rights issue suggest a period of consolidation. Investors should watch for improved return on equity as the newly raised capital is deployed into the lending book.

Baid Finserv Opens Special Window for Physical Share Demat Until Feb 2027

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 02 Feb 2026, 04:16 PM

Baid Finserv Limited has announced a special one-year window for the transfer and dematerialisation of physical securities, effective from February 5, 2026, to February 4, 2027. This initiative follows a SEBI circular aimed at resolving pending cases of physical shares purchased or sold prior to April 1, 2019, that were previously rejected due to document deficiencies. Investors holding such physical certificates can now re-lodge transfer deeds with the company's RTA, MCS Share Transfer Agent Limited. This move facilitates the conversion of old physical holdings into electronic form, improving liquidity for long-term shareholders.

Special window open for one year from February 05, 2026, to February 04, 2027
Applicable to physical securities sold or purchased prior to the April 01, 2019 deadline
Targets previously rejected or returned transfer/demat requests due to documentation issues
Investors must submit documents to MCS Share Transfer Agent Limited in New Delhi

💡 Shareholders still holding physical certificates from before April 2019 should utilize this window to dematerialize their holdings. No action is required for investors already holding shares in electronic form.

Baid Finserv Reports Zero Physical Share Transfer Re-lodgement Requests for Dec-Jan Period

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 03:14 PM

Baid Finserv Limited has submitted its monthly compliance report regarding the special window for re-lodgement of physical share transfer requests as per SEBI guidelines. For the reporting period from December 7, 2025, to January 6, 2026, the company received zero requests from shareholders. Consequently, no requests were processed, approved, or rejected during this timeframe. This filing is a standard regulatory requirement and indicates no pending physical share transfer issues for the period.

Report covers the period from December 07, 2025, to January 06, 2026
Zero (0) requests were received for re-lodgement of physical share transfers
Zero (0) requests were processed, approved, or rejected during the month
Compliance is in accordance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97

💡 No action is required as this is a routine regulatory disclosure with no impact on business operations. Investors holding physical shares are encouraged to dematerialize them for easier trading.

Baid Finserv Submits SEBI Compliance Certificate for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 12:04 PM

Baid Finserv Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The report, issued by MCS Share Transfer Agent Limited, confirms that all securities received for dematerialization during the quarter ended December 31, 2025, were processed within 15 days. This includes the verification, listing on exchanges, and subsequent cancellation of physical certificates. Such filings are standard administrative procedures for listed Indian companies to ensure shareholding record integrity.

Compliance certificate issued for the quarter ended December 31, 2025.
RTA confirms dematerialization requests were processed within the mandatory 15-day limit.
Physical certificates were mutilated and cancelled after due verification by the RTA.
Confirms depository names have been substituted in records as registered owners for dematerialized shares.

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors do not need to take any specific action.

Baid Finserv Announces Trading Window Closure from January 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 12:55 PM

Baid Finserv Limited has announced the closure of its trading window starting January 01, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the un-audited financial results for the quarter and nine months ending December 31, 2025. The trading restriction applies to Directors, Key Management Personnel, and other designated persons. The window will remain closed until 48 hours after the financial results are officially declared to the stock exchanges.

Trading window closure begins on January 01, 2026
Closure pertains to financial results for the period ending December 31, 2025
Window to reopen 48 hours after the results are publicly announced
Applicable to all designated persons and connected persons under SEBI PIT Regulations

💡 This is a routine regulatory filing with no impact on company fundamentals; investors should monitor for the upcoming board meeting date announcement.

Baid Finserv Fined ₹23,600 by BSE and NSE for Regulatory Non-Compliance

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 16 Dec 2025, 04:23 PM

Baid Finserv Limited has been penalized by both the BSE and NSE for non-compliance with Regulation 29 of the SEBI Listing Regulations, which relates to prior intimation of board meetings. The total fine amount is ₹23,600, consisting of ₹11,800 per exchange including GST. The company received the notice on December 15, 2025, and has already settled the payment as of December 16, 2025. Management has clarified that this penalty has no material impact on the company's financial or operational activities.

BSE and NSE imposed a combined fine of ₹23,600 (₹11,800 each) including GST.
The penalty was issued for non-compliance with Regulation 29 regarding prior intimation of board meetings.
The company received the notices on December 15, 2025, and completed the payment on December 16, 2025.
Management confirmed there is no material impact on the company's financial, operational, or other activities.

💡 This is a minor administrative penalty and does not affect the company's core business or financial health. Investors should treat this as a routine regulatory update with no impact on long-term fundamentals.

Baid Finserv Rights Issue Oversubscribed 1.07 Times

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Dec 2025, 03:33 PM

Baid Finserv Limited successfully concluded its ₹30.02 crore Rights Issue, which was 1.07 times oversubscribed. The Rights Issue was structured as 1:4 at ₹10 per share. Following the allotment, the company's equity share capital increased from 12,00,68,300 shares to 15,00,85,375 shares. Promoters' shareholding increased from 36.25% to 45.71%, while public shareholding now stands at 54.29%.

Rights Issue of ₹30.02 crore
Issue was 1.07 times oversubscribed
Rights issue at ₹10 per share
Promoters' shareholding increased to 45.71%
Equity share capital increased to 15,00,85,375 shares

💡 Existing investors can take confidence from the oversubscription. Monitor the company's deployment of funds from the rights issue towards business activities, debt repayment, and general corporate purposes.

Baid Finserv Rights Issue Oversubscribed 107.84 Times, Raises ₹30.02 Crore

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 09 Dec 2025, 03:23 PM

Baid Finserv Limited successfully closed its Rights Issue, raising ₹30.02 crore. The issue was oversubscribed by 107.84 times, indicating strong investor confidence. The Rights Issue Committee approved the allotment of 3,00,17,075 fully paid-up equity shares at ₹10 per share. Following the allotment, the company’s equity share capital increased from 12.007 crore shares to 15.008 crore shares, with promoters' shareholding increasing to 45.71%.

Rights Issue oversubscribed by 107.84 times.
₹30.02 crore raised through the Rights Issue.
3,00,17,075 equity shares allotted at ₹10 per share.
Equity share capital increased to 15.008 crore shares from 12.007 crore shares.
Promoters' shareholding increased to 45.71%.

💡 The successful rights issue strengthens Baid Finserv's capital base. Investors should monitor how the company deploys the funds for business growth and debt repayment.

Baid Finserv Reports Zero Physical Share Transfer Re-lodgement Requests for Nov-Dec 2025

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 09 Dec 2025, 12:44 PM

Baid Finserv Limited has submitted its monthly report regarding the special window for re-lodgement of physical share transfer requests as mandated by SEBI. For the period between November 07, 2025, and December 06, 2025, the company's Registrar and Share Transfer Agent (RTA) reported zero requests. This filing is a routine regulatory requirement to ensure transparency in the handling of physical share certificates. There is no impact on the company's financial performance or operational status.

Report covers the compliance period from November 07, 2025, to December 06, 2025
Zero (0) requests were received for re-lodgement of physical share transfers during this period
Compliance follows SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025
The report was verified and issued by MCS Share Transfer Agent Limited

💡 No action is required from investors as this is a routine regulatory disclosure with no material impact on the company's valuation. Investors should focus on upcoming quarterly earnings for fundamental assessment.

Baid Finserv Allots 3 Crore Equity Shares via Rights Issue Raising Rs 30.02 Crore

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 08 Dec 2025, 12:51 PM

Baid Finserv Limited has successfully completed its rights issue, allotting 3,00,17,075 fully paid-up equity shares to eligible shareholders. The shares were issued at a price of Rs. 10 each, including a premium of Rs. 8, resulting in a total fundraise of approximately Rs. 30.02 crore. This move has increased the company's total paid-up share capital from 12.01 crore shares to 15.01 crore shares. The allotment follows the rights issue period which was open from November 25 to December 3, 2025.

Allotted 3,00,17,075 equity shares of face value Rs. 2 at an issue price of Rs. 10 per share.
Total aggregate amount raised through the rights issue is Rs. 30,01,70,750.
Post-issue paid-up share capital increased to 15,00,85,375 equity shares from 12,00,68,300 shares.
The rights issue was finalized in consultation with MCS Share Transfer Agent Limited and BSE Limited.

💡 Investors should track the company's utilization of these funds for business expansion and monitor the impact of equity dilution on upcoming Earnings Per Share (EPS) figures.

Baid Finserv Allots 3 Crore Equity Shares via Rights Issue Raising Rs 30.02 Crore

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 08 Dec 2025, 12:49 PM

Baid Finserv Limited has successfully completed the allotment of 3,00,17,075 equity shares following its rights issue which closed on December 03, 2025. The shares were issued at a price of Rs. 10 per share, including a premium of Rs. 8, aggregating to a total fundraise of approximately Rs. 30.02 crores. This capital infusion has increased the company's paid-up equity share capital from Rs. 24.01 crores to Rs. 30.02 crores. The allotment was finalized on December 08, 2025, in consultation with the registrar and BSE Limited.

Allotment of 3,00,17,075 fully paid-up equity shares of face value Rs. 2 each.
Total issue size of Rs. 30,01,70,750 at an issue price of Rs. 10 per share.
Post-issue paid-up share capital increased to 15,00,85,375 equity shares.
The rights issue resulted in a 25% expansion of the company's existing equity base.

💡 Investors should monitor the company's upcoming quarterly results to see how this fresh capital is deployed for business expansion and its impact on earnings per share. Shareholders who participated in the issue should expect the shares to be credited to their demat accounts shortly.

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💰 Financial Performance

Revenue Growth by Segment

Total operating income grew 11.35% from INR 50.05 Cr in FY22 to INR 55.73 Cr in FY23. Disbursements for the vehicle and MSME segments grew 59% YoY to INR 179 Cr in FY24 compared to INR 112.56 Cr in FY23.

Geographic Revenue Split

The company primarily operates in Rajasthan (core market), with recent expansions into Madhya Pradesh, Gujarat, and Maharashtra (planned for Q2 FY26). Specific percentage split by state is not disclosed.

Profitability Margins

PAT increased 24.5% from INR 10.38 Cr in FY23 to INR 12.92 Cr in FY24. Net Interest Margin (NIM) improved to 10.20% in FY23 from 9.46% in FY22. Q1 FY26 PAT of INR 1.35 Cr represents a 32.35% increase over Q1 FY25 PAT of INR 1.02 Cr.

EBITDA Margin

Interest coverage ratio improved from 1.62x in FY22 to 1.79x in FY23 and reached 2.42x by Q1 FY24, indicating a strengthening ability to service debt from operating profits.

Capital Expenditure

The company planned a significant equity infusion of up to INR 35 Cr in FY26 to support its growth strategy and augment its capital base for onward lending.

Credit Rating & Borrowing

Long-term bank facilities of INR 305 Cr are rated CARE BBB; Positive (reaffirmed Oct 2025), with the outlook revised from Stable due to expected equity infusions and sustained growth.

⚙️ Operational Drivers

Raw Materials

Cost of funds (interest on borrowings) is the primary operational cost, as the company is a financial services provider. Interest expenses are incurred on bank facilities totaling INR 305 Cr.

Import Sources

Not applicable as the company provides financial services within India.

Key Suppliers

The company sources capital from various Banks and Financial Institutions; it had unutilized bank sanction lines of INR 13.84 Cr as of June 30, 2023.

Capacity Expansion

Assets Under Management (AUM) grew to INR 411.18 Cr as of Q1 FY26, up from INR 305 Cr in FY23. The company expanded its branch network and increased staff to 234 employees by March 2025.

Raw Material Costs

Portfolio yields moderated from 18.43% in FY23 to 17.13% in FY24 and further to 16.99% in FY25 due to competitive pressures in the retail lending market.

Manufacturing Efficiency

Collection efficiency stood at 96.11% in FY25, though it slightly moderated to 94.24% in Q1 FY26 due to seasonal or expansion-related factors.

Logistics & Distribution

Operating expenses (Opex/ATA) increased from 4.39% in FY22 to higher levels in FY23 as the company expanded its branch network and headcount.

📈 Strategic Growth

Expected Growth Rate

59%

Growth Strategy

Expansion into new geographies including Maharashtra (Q2 FY26), Madhya Pradesh, and Gujarat. The company is utilizing a Rights Issue to increase its capital base and promoter shareholding (from 36.25% to 45.71%) to fund onward lending in underserved rural areas.

Products & Services

Secured MSME Loans (LAP), Commercial Vehicle Loans (New and Used), Auto Loans, and Insurance products.

Brand Portfolio

Baid Finserv Limited (formerly Baid Leasing and Finance Co. Ltd).

New Products/Services

Expansion of the MSME and Loan Against Property (LAP) portfolio, which is managed by a dedicated third-generation promoter team.

Market Expansion

Targeting underbanked semi-urban and rural regions in Maharashtra by Q2 FY26 to capitalize on funding opportunities.

Market Share & Ranking

Categorized as a Non-Deposit Taking Base Layer NBFC (NBFC-BL) under RBI's Scale Based Regulation.

🌍 External Factors

Industry Trends

The NBFC sector is evolving under RBI's Scale Based Regulation; there is a growing trend of credit mobilization in semi-urban areas where formal banking penetration remains low.

Competitive Landscape

Faces competition from both traditional banks and other NBFCs, which has led to range-bound spreads and a slight uptick in operating expenses.

Competitive Moat

Durable advantage through 33+ years of local market experience in Rajasthan and promoter expertise in valuing used commercial vehicles, which is difficult for larger banks to replicate in rural settings.

Macro Economic Sensitivity

High sensitivity to the rural economy and agricultural cycles, as a significant portion of the borrower base consists of farmers and small rural business owners.

Consumer Behavior

Increased demand for retail and vehicle finance post-COVID-19 has driven the company's recent branch and staff expansion.

Geopolitical Risks

Minimal impact due to localized operations in Indian states.

⚖️ Regulatory & Governance

Industry Regulations

Regulated by RBI as an NBFC-ICC (Investment and Credit Company) and classified as Base Layer (NBFC-BL) since September 2022. Adheres to SARFAESI Act 2002 for asset recovery.

Taxation Policy Impact

Standard corporate tax rates apply; no specific fiscal incentives mentioned.

Legal Contingencies

The company utilizes Section 13(4) of the SARFAESI Act 2002 for 'Symbolic Possession' of assets in default cases; specific value of pending litigation is not disclosed.