BSE has notified trading members that 48,02,732 new equity shares of BAID FINSERV LIMITED (Scrip Code: 511724, ISIN: INE020D01022) are listed and permitted to trade on the Exchange with effect from Thursday, April 23, 2026. The shares were issued to promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 15.10 per share (face value Rs. 2/- plus premium of Rs. 13.10/-).

Key Points

• 48,02,732 equity shares of Rs. 2/- each issued at a premium of Rs. 13.10/- (total issue price Rs. 15.10/-) to promoters on a preferential basis
• Shares issued pursuant to conversion of warrants
• New shares rank pari-passu with existing equity shares of the company
• Distribution numbers: 150085376 to 154888107
• Date of allotment: March 12, 2026
• ISIN: INE020D01022
• All 48,02,732 shares are subject to lock-in until October 30, 2027

Regulatory Changes

No regulatory changes. This is a standard listing notification under BSE’s Listing Operations department for newly allotted equity securities.

Compliance Requirements

• Trading members are informed of the new securities and may facilitate trading from April 23, 2026
• The 48,02,732 shares allotted to promoters are locked in until October 30, 2027 and cannot be traded during the lock-in period

Important Dates

• Date of Allotment: March 12, 2026
• Trading Commencement Date: April 23, 2026 (Thursday)
• Lock-in Expiry Date: October 30, 2027

Impact Assessment

This is a routine listing event with limited broader market impact. The addition of 48,02,732 shares to BAID FINSERV LIMITED’s equity base represents a capital increase via promoter preferential allotment through warrant conversion. Since all newly listed shares are locked in until October 30, 2027, there is no immediate increase in free-float or tradeable supply. Existing shareholders may note the dilutive effect of the preferential allotment at Rs. 15.10 per share. Overall market impact is low and confined to the specific scrip.