INTEGRATED FILING — NBFC



General information about company

Scrip code 511724
NSE Symbol BAIDFIN
MSEI Symbol NOTLISTED
ISIN INE020D01022
Name of company BAID FINSERV LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 15-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment The Company is primarily engaged in the business of lending and related financial services. All other activities of the Company revolve around its main business. As such, there are no separate reportable operating segments as per IND AS 108- Operating Segments.
Start date and time of board meeting 15-05-2026   16:00:00
End date and time of board meeting 15-05-2026   18:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 10-02-2026
Indicate Company website link for updated RPT policy of the Company https://www.baidfinserv.com/wp-content/uploads/2026/04/NewFolder/3.%20POLICY-FOR-Materility-of-RPT.pdf?_t=1777463672
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default on Loans and Debt Securities during the reporting quarter.


Financial Results — NBFC

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations
(i) Interest Income 2,032.18 7,854.33
(ii) Dividend Income 0.07 0.17
(iii) Rental Income 0.63 2.52
(iv) Fees and commission Income 46.08 205.61
(v) Net gain on fair value changes 0.00 0.00
(vi) Net gain on derecognition of financial instruments under amortised cost category 0.00 0.00
(vii) Sale of products (including Excise Duty) 422.53 1,663.96
(viii) Sale of services 0.00 0.00
(ix) Other revenue from operations
1 Other Operating Revenue 0.00 0.00
Total other revenue from operations 0.00 0.00
Total Revenue From Operations 2,501.49 9,726.59
Other income 55.94 192.19
Total income 2,557.43 9,918.78
2 Expenses
Cost of materials consumed 0.00 0.00
Purchases of stock-in-trade 0.00 0.00
Changes in inventories of finished goods, work-in-progress and stock-in-trade 423.52 1,646.23
Employee benefit expense 277.33 1,011.00
Finance costs 780.99 3,196.79
Depreciation, depletion and amortisation expense 24.18 93.60
Fees and commission expense 75.81 342.31
Net loss on fair value changes 0.00 0.00
Net loss on derecognition of financial instruments under amortised cost category 0.00 0.00
Impairment on financial instruments 541.00 772.85
(f) Other expenses
1 Other Expenses 217.95 848.70
Total other expenses 217.95 848.70
Total expenses 2,340.78 7,911.48
3 Total profit before exceptional items and tax 216.65 2,007.30
4 Exceptional items 0.00 0.00
5 Total profit before tax 216.65 2,007.30
7 Tax expense
8 Current tax 54.53 513.39
9 Deferred tax (3.58) (3.58)
10 Total tax expenses 50.95 509.81
11 Net Profit Loss for the period from continuing operations 165.70 1,497.49
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
17 Net profit (loss) from discontinued operation after tax 0.00 0.00
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
15 Total profit (loss) for period 165.70 1,497.49
16 Other comprehensive income net of taxes 0.00 0.00
17 Total Comprehensive Income for the period 165.70 1,497.49
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 3,097.76 3,097.76
Face value of equity share capital 2 2
21 Reserves excluding revaluation reserve 19,909.68
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 0.07 1.15
Diluted earnings per share from continuing operations 0.07 1.15
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 0.07 1.15
Diluted earnings per share 0.07 1.15
23 Debt equity ratio 1.2300 1.2300
24 Debt service coverage ratio 0.3100 1.1700
25 Interest service coverage ratio 1.2900 1.6600
26 Disclosure of notes on financial results Textual Information(1)


Remarks

23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block

Textual Information(1) Statement of Standalone Audited Financial Results for the Quarter and Year ended March 31, 2026. 1. The above Financial Results of the Company have been prepared in accordance with Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) Rules, 2016, prescribed under section 133 of the Companies Act 2013 ('the Act') read with relevant rules issued thereunder and the other accounting principles generally accepted in India. Any application guidance/ clarifications/directions issued by the Reserve Bank of India, Ministry of Corporate Affairs or other regulators are implemented as and when they are issued/ applicable. 2. Statement of Assets and Liabilities –Details of assets and liabilities are already provided in XBRL. 3. Statement of Cash Flows- Details of Statement of Cash Flows are already provided in XBRL. 4. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 15, 2026. 5. The above Financial Results for Quarter and Year ended March 31, 2026 have been audited by the Statutory Auditors of the Company and the Statutory Auditors have expressed an unmodified opinion. 6. The Reserve Bank of India has issued the Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025 circular no. RBI/DOR/2025-26/339 DOR.FIN.REC.No.258/03.10.119/2025-26 dated November 28, 2025. The Framework categorizes NBFCs in Base layer (NBFC-BL), Middle Layer (NBFC-ML), UpperLayer, ( NBFC-UL) and Top Layer (NBFC-TL). The Company is classified under Base Layer pursuant to the framework. 7. The EPS has been computed in accordance with the Indian Accounting Standard. 8. The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the current and previous financial year which was subject to limited review by the Statutory Auditors. 9. Provision for income-tax has been made in accordance with the Ind AS-12. 10. The Company is primarily engaged in the business of lending and related financial services. All other activities of the Company revolve around its main business. As such, there are no separate reportable operating segments as per IND AS 108- Operating Segments. 11. In terms of requirement as per RBI notification no RBI/2019-20/170 DOR (NBFC).CC.PD.NO.109/22.10.106/2019-20 dated March 13, 2020 on implementation of Accounting Standards, Non-Banking Financial Companies (NBFCS') are required to create an impairment reserve for any shortfall impairment allowances under lnd AS 109 and lncome Recognition Asset Classification and Provisioning ('IRACP') norms including provision on standard assets). The impairment allowances under lnd AS 109 made by Company exceeds the total provision required under IRACP (including standard assets provisioning), as at 31 March 2026 and accordingly, no amount is required to transferred to impairment reserve. 12. Disclosure pursuant to RBI Notification - RBl / 2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dated 6 August 2020 and RBI Circular no. RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 dated 5 May 2021 (Resolution of COVID-19 related stress of individuals and Small Businesses) (a) Format B: For the Half Year ended March 31, 2026 Personal Loans: NIL Corporate Loans: NIL Of which MSMEs: NIL Others: NIL Total: NIL 13. Disclosures pertaining to RBI Direction - RBI/DOR/2025-26/359 DOR.ACC.REC.No.278/21.04.018/2025-26 - Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025 as amended i) Read with RBI Direction - RBI/DOR/2025-26/352DOR.STR.REC.271/21.04.048 /2025-26 - Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025 dated November 28, 2025: (a) Details of stressed assets transferred through assignment during the quarter and year ended on March 31, 2026. No. of accounts during the quarter ended on March 31, 2026: NIL No. of accounts during the year ended on March 31, 2026: 275 Aggregate principal outstanding of loans transferred during the quarter ended on March 31, 2026: NIL Aggregate principal outstanding of loans transferred during the year ended on March 31, 2026: Rs. 937.69 Lakh Weighted average residual tenor of the loans transferred during the quarter ended on March 31, 2026: NIL Weighted average residual tenor of the loans transferred during the year ended on March 31, 2026: 26 months Net book value of loans transferred (at the time of transfer) during the quarter ended on March 31, 2026: NIL Net book value of loans transferred (at the time of transfer) during the year ended on March 31, 2026: Rs. 825.17 Lakh Aggregate consideration during the quarter ended on March 31, 2026: NIL Aggregate consideration during the year ended on March 31, 2026: Rs. 750.16 Lakh Additional consideration realized in respect of accounts transferred in earlier years during the quarter ended on March 31, 2026: NIL Additional consideration realized in respect of accounts transferred in earlier years during the year ended on March 31, 2026: NIL Quantum of excess provisions reversed to the profit and loss account on account of sale of stressed loans during the quarter ended on March 31, 2026: NIL Quantum of excess provisions reversed to the profit and loss account on account of sale of stressed loans during the year ended on March 31, 2026: Rs. 112.52 Lakh (b) The company has not acquired any stressed assets through assignment during the quarter and year ended on March 31, 2026. (c) The Company has not transferred any loans (not in default) through assignment during the quarter and year ended on March 31, 2026 (d) The Company has acquired loans (not in default) through assignment during the quarter and year ended on March 31, 2026 Count of loans accounts acquired during the quarter ended on March 31, 2026: 77 Count of loans accounts acquired during the year ended on March 31, 2026: 152 Amount of loan accounts acquired (Rs. In lakhs) during the quarter ended on March 31, 2026: Rs. 226.01 Lakh Amount of loan accounts acquired (Rs. In lakhs) during the year ended on March 31, 2026: Rs. 421.76 lakhs Weighted average maturity (in months) during the quarter ended on March 31, 2026: 55 Month Weighted average maturity (in months) during the year ended on March 31, 2026: 60 Month Weighted average holding period (in months) during the quarter ended on March 31, 2026: 7 Month Weighted average holding period (in months) during the year ended on March 31, 2026: 10 Month Retention of beneficial economic interest by the acquirer (%) during the quarter ended on March 31, 2026: 90.00% Retention of beneficial economic interest by the acquirer (%) during the year ended on March 31, 2026: 90.00% Coverage of tangible security during the quarter ended on March 31, 2026: NA Coverage of tangible security during the year ended on March 31, 2026: NA Rating-wise distribution of rated loans during the quarter ended on March 31, 2026: Not Rated Rating-wise distribution of rated loans during the year ended on March 31, 2026: Not Rated (e) Disclosure on Co-Lending Arrangements/CLAs) wherein the Company is Partner RE in accordance with RBI notification- RBI/DOR/2025-26/352 DOR.STR.REC.271/21.04.048/ 2025/26 dated November 28, 2025(effective January 01, 2026); amended during the quarter ended March 31 2026 (i) Co-Lending as Partner RE Co-Lending Arrangement during the quarter and year ended on March 31, 2026- Number of CLAs: 2 Weighted average rate of interest (per annum): 15.75% Fees charged/ paid (Rs. in lakhs): Nil Broad sector in which CLA was made: Gold Performance of loans under CLA (Rs. in lakhs) Total Disbursement till March 31, 2026: Rs. 675.24/- Outstanding* on above Disbursement as on March 31, 2026: Rs. 523.24/- Write Off done till March 31, 2026: NIL Net NPA as on March 31, 2026: NIL Details related to default loss guarantee: 5% (ii) The Company has not undertaken any Co-lending arrangements with Banks or NBFCs wherein the Company is Originating RE in accordance with RBI notification - RBI/DOR/2025-26/352 DOR.STR.REC.271/21.04.048/ 2025/26 dated November 28, 2025 (effective January 01, 2026); amended for during the quarter ended March 31, 2026. 14. Read with RBI Direction - RBI/ DOR/2025-26/357 DOR.STR.REC.276/21.04.048/2025-26 Reserve Bank of India (Non-Banking Financial Companies - Resolution of Stressed Assets) Directions, 2025 and RBI / DOR/ 2025-26/347 DOR.CRE.REC.No.266/ 07-01-0 08/ 2025-26 - Reserve Bank of India (Non Banking Financial Companies-Credit Facilities) Directions, 2025 dated 28 November 2025 as amended : The Company has not lent any funds during the quarter ended March 31, 2026 for project finance activities nor has any recoverable balance as at the same date. 15. The Board of Directors of the Company during its meeting held on March 12, 2026 considered and approved the allotment of 48,02,732 equity shares of the Company with a face value of Rs. 2 each, at a premium of Rs. 13.10 per share, pursuant to the exercise and conversion of 48,02,732 convertible warrants against receipt of an amount aggregating to Rs. 5,43,90,940/- (Rupees Five Crore Forty Three Lakh Ninety Thousand Nine Hundred Forty Only) at the rate of Rs. 11.325/- per warrant, being 75% of the Warrants Issue Price. 16. Pursuant to Exercise and conversion of Warrants, the Company allotted 48,02,732 Equity Shares on March 12, 2026. Consequently, the Issued, Subscribed and Paid-up Share Capital of the Company increased to Rs. 30,97,76,214/- comprising 15,48,88,107 Equity Shares of Rs.2/- each, with effect from March 12, 2026. 17. Previous year/period figures have been regrouped/rearranged/reclassified, wherever considered necessary, to make them comparable. 18. The Company does not have any subsidiary/associate/joint venture company{ies), as on March 31, 2026. 19. The above financial results are available on the website of the National Stock Exchange of Ltd. (www.nseindia.com) and BSE Limited (www.bseindia.com) and on the website of the company www.baidfinserv.com 20. The company does not fall under the ambit of Large Corporate (LC) category as per the criteria given under SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.


Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,007.30
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,196.79
Adjustments for decrease (increase) in inventories 84.80
Adjustments for decrease (increase) in trade receivables, current 0.07
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,220.15)
Adjustments for decrease (increase) in other non-current assets (7,248.67)
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (216.66)
Adjustments for other bank balances 244.89
Adjustments for increase (decrease) in trade payables, current 187.32
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (14.97)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 93.60
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 100.05
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (147.54)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.17
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 116.20
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (4,824.44)
Net cash flows from (used in) operations (2,817.14)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 509.81
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (3,326.95)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 135.73
Proceeds from sales of investment property 0.00
Purchase of investment property 619.04
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 24.72
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.17
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (779.32)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 3,726.92
Proceeds from issuing other equity instruments 271.95
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 3,001.91
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 120.07
Interest paid 3,196.79
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 3,683.92
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (422.35)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (422.35)
Cash and cash equivalents cash flow statement at beginning of period 1,131.45
Cash and cash equivalents cash flow statement at end of period 709.10




Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 709.10
Bank Balance other than (a) above 177.97
Derivative financial instruments 0.00
Receivables
(I) Trade Receivables 0.00
(II) Other Receivables 3.67
Loans 48,639.73
Investments 1,569.51
Other Financial assets
1 Other Financial assets 869.45
Total of Other Financial assets 869.45
Total Financial Assets 51,969.43
2 Non Financial Asset
Inventories 19.13
Current tax assets (Net) 0.00
Deferred tax Assets (Net) 0.00
Investment Property 0.00
Biological assets other than bearer plants 0.00
Property, Plant and Equipment 565.00
Capital work-in-progress 0.00
Intangible assets under development 0.00
Goodwill 0.00
Other Intangible assets 26.44
Other non-financial assets
1 other 1,327.63
Total of Other non-financial assets 1,327.63
Total Non Financial Assets 1,938.20
Total assets 53,907.63
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,097.76
Other equity 20,181.64
Total equity attributable to owners of parent 23,279.40
Non controlling interest
Total equity 23,279.40
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0.00
(b) Payables 0.00
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 3.57
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 329.35
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.00
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
(C ) Debt Securities 0.00
(d) Borrowings (Other than Debt Securities) 28,538.28
(e) Deposits 0.00
(f) Subordinated Liabilities 0.00
Other financial liabilities
1 Other financial liabilities 1,075.25
Total of Other financial liabilities 1,075.25
Total Financial Liabilities 29,946.45
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 508.96
(b) Provisions 50.44
(C ) Deferred tax liabilities (Net) 37.79
Other non-financial liabilities
1 Other non-financial liabilities 84.59
Total of Other non-financial liabilities 84.59
Total Non Financial Liabilities 681.78
Total liabilities 30,628.23
Total equity and liabilites 53,907.63
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1) Explanatory notes to the Statement of Assets and Liabilites as on March 31, 2026: 1. Other non-financial assets (i) CGST input: Rs. 66.81 Lakh (ii) SGST input: Rs. 67.25 Lakh (iii) IGST input: Rs. 36.72 Lakh (iv) Others: Rs. 1156.85 Lakh Total: Rs. 1327.63 Lakh


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 ABSM AND ASSOCIATES Yes 31-03-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 09-04-2025
Amount Raised 1,813.03
Report filed for Quarter ended 31-03-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 To meet working capital requirements of the Company. Reduction of working capital borrowings, term loan repayment or/and any other outstanding debt. General corporate purposes, subject to such limit and in terms prescribed by applicable laws. NA 1,813.03 0.00 997.17 0.00 Note: The Company has raised funds aggregating to INR 1,813.03 Lakhs through the issuance of 1,20,06,831 share warrants. As per the terms of the issue, 25% of the issue price, amounting to INR 453.26 Lakhs (INR 3.775 per warrant), was received as upfront subscription money on April 09, 2025. The said amount of INR 453.26 Lakhs was fully utilized during the quarter ended June 30, 2025. During the current quarter under review, the Company has received the balance 75% of the issue price amounting to INR 543.91 Lakhs (INR 11.325 per warrant) from 2 (Two) warrant holders i.e. Dream Realmart Private Limited and Niranjana Properties Private Limited pursuant to exercise of warrants into equity shares. The balance 75% of the issue price, amounting to INR 815.86 Lakhs (INR 11.325 per warrant), shall be received as and when the warrant holders exercise their option to convert the warrants into equity shares, within a period of 18 months from the date of allotment, in accordance with the terms of the issue. The amount disclosed under funds utilized pertains to the quarter ended June 30, 2025 and March 31, 2026.


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 08-12-2025
Amount Raised 3,001.71
Report filed for Quarter ended 31-03-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Care Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Augmentation of capital base of our company and resources for meeting funding requirements for our company’s business activities including onward lending NA 1,800.00 0.00 1,800.00 0.00 Note: Out of total proceeds of Rs. 18.00 crore proposed for augmentation of tier I capital base of the company, the company has utilized remaining amount of Rs. 0.03 crore in Q4 FY26 in current quarter and has utilized entire amount allocated to the object.
2 Repayment and/or prepayment, in full or in part, of certain identified borrowings availed by the company from banks and financial institutions NA 1,000.00 0.00 1,000.00 0.00 Note: Company has utilised remaining Rs. 5.24 crore in current quarter for debt repayment to its lenders ie. Capital small finance bank, and Shriram Finance Limited during Q4FY26 and hence utilisation under the object has been completed.
3 General corporate purposes NA 159.46 166.76 166.76 0.00 Note: During the quarter, company utilized Rs. 1.67 crore (including Rs. 0.07 crore unutilized issue expenses) for general corporate purpose branch rent, salaries, and employee related incentives. Since the actual spending on issue expenses was lower than the estimate provided in the Offer Document, the Remaining balance of Rs. 0.07 crore has been utilized for general corporate purposes in line with Letter of offer.
4 Issue related expenses NA 42.25 34.95 34.95 0.00 Note: Issue expenses aggregating to Rs. 0.02 crore has been utilized during Q4 FY26 towards payment to depositories for issue expenses. The total issue expenses incurred stood at Rs. 0.35 crore. Since the actual spending on issue expenses was lower than the estimate provided in the Offer Document, the Remaining balance of Rs. 0.07 crore has been utilized for general corporate purposes in line with Letter of offer


Signatory Details

Name of signatory Panna Lal Baid
Designation of person Managing Director
Place Jaipur
Date 15-05-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 BAID FINSERV LIMITED PANNA LAL BAID Promoter / Chairman and Managing Director/ Key Managerial Personnel Remuneration 96.00 Within the maximum limit as approved by the NRC/ ACM/Board/Shareholders in accordance with the provisions of Companies act, 2013 30.00 3.68 3.68
2 BAID FINSERV LIMITED AMAN BAID Member of Promoter Group/ Whole-time Director/ Key Managerial Personnel Remuneration 96.00 Within the maximum limit as approved by the NRC/ ACM/Board/Shareholders in accordance with the provisions of Companies act, 2013 42.00 4.96 4.96
3 BAID FINSERV LIMITED ADITYA BAID Member of Promoter Group/ Chief Financial Officer/ Key Managerial Personnel Remuneration 72.00 As approved by the NRC, ACM,Board and Shareholders of the Company 36.00 4.31 4.31
4 BAID FINSERV LIMITED ADITYA BAID Member of Promoter Group/ Chief Financial Officer/ Key Managerial Personnel Any other transaction RENT PAID 7.56 Approved 3.74 0.00 0.00
5 BAID FINSERV LIMITED SURBHI RAWAT Company Secretary/ Key Managerial Personnel Remuneration 11.75 As approved by the NRC,ACM and Board 6.18 0.94 0.94
6 BAID FINSERV LIMITED MAHENDRA KUMAR BAID Member of promoter group Any other transaction RENT PAID 12.60 Approved 6.23 0.00 0.00
7 BAID FINSERV LIMITED BFL Asset Finvest Limited Other Related Companies Any other transaction RENT RECEIVED 2.52 Approved 1.26 0.00 0.00
8 BAID FINSERV LIMITED TRADESWIFT COMMODITIES PRIVATE LIMITED Other Related Companies Any other transaction INVESTMENT IN EQUITY SHARE 0.00 NA 0.00 20.78 20.78
9 BAID FINSERV LIMITED BAID BUILDHOMES PRIVATE LIMITED Other Related Companies Any other transaction INVESTMENT IN EQUITY SHARE 0.00 NA 0.00 10.44 10.44
Total value of transaction during the reporting period 125.41