Description

BAID FINSERV LIMITED announces rights issue with record date November 17, 2025, offering 1 equity share for every 4 shares held at Rs. 10 per share.

Summary

BAID FINSERV LIMITED (Scrip Code: 511724) has announced a rights issue with record date set for November 17, 2025. The company will issue 1 equity share of Rs. 2 face value for every 4 existing equity shares held, at an issue price of Rs. 10 per share (including premium of Rs. 8). Trading in the company’s equity shares will be conducted on an ex-rights basis effective November 17, 2025.

Key Points

  • Rights entitlement ratio: 1 equity share for every 4 equity shares held
  • Face value: Rs. 2 per share
  • Premium: Rs. 8 per share
  • Issue price: Rs. 10 per share (payable on application)
  • Scrip Code: 511724
  • Settlement Number: DR-757/2025-2026
  • Trading basis: Ex-rights from November 17, 2025

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must execute all transactions in BAID FINSERV LIMITED equity shares on an ex-rights basis from November 17, 2025
  • Eligible shareholders must hold shares as of the record date to receive rights entitlement
  • Issue price of Rs. 10 per share is payable upon application by eligible shareholders

Important Dates

  • Record Date: November 17, 2025
  • Ex-Rights Date: November 17, 2025
  • Settlement Number: DR-757/2025-2026
  • Circular Date: November 12, 2025

Impact Assessment

This rights issue will impact existing shareholders of BAID FINSERV LIMITED who must hold shares before the record date to be eligible for the rights entitlement. The rights offering allows shareholders to subscribe to additional shares at Rs. 10 per share (Rs. 2 face value + Rs. 8 premium) in the ratio of 1:4. Trading members need to ensure proper ex-rights adjustments in their systems from November 17, 2025. The rights issue will lead to equity dilution and capital raise for the company, with medium impact on existing shareholders and market operations.

Impact Justification

Rights issue affects existing shareholders with specific entitlement ratio; requires action from investors before record date