BAIDFIN2024-04-012024-06-30 BAIDFIN2024-04-012024-06-30in-bse-fin:OneOtherRevenueFromOperations01Member BAIDFIN2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member BAIDFIN2024-06-30 BAIDFIN2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511724 BAIDFIN NOTLISTED Baid Finserv Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-07-30 INR Lakhs First quarter 2024-08-13 15:00:00 2024-08-13 17:10:00 false Not applicable Single segment The Company's main business is of providing Car Loans, Commercial Vehicle Loans (new & used), MSME Loans, Loan Against Property and other asset backed loans. 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. 2024-04-01 2024-06-30 Unaudited Standalone 156480000.00 0.00 63000.00 5672000.00 0.00 0.00 26535000.00 0.00 52000.00 188802000.00 4689000.00 193491000.00 0.00 0.00 26297000.00 20372000.00 70905000.00 846000.00 6934000.00 0.00 0.00 5377000.00 21345000.00 152076000.00 41415000.00 0.00 41415000.00 10226000.00 0.00 10226000.00 31189000.00 0.00 0.00 0.00 0.00 31189000.00 21000.00 31210000.00 0.00 0.00 240137000.00 2 0.26 0.26 0.00 0.00 0.26 0.26 0.01 0.02 0.02 Explanatory notes to the Statement of Standalone Unaudited Financial Results for the Quarter ended June 30, 2024 1. The unaudited standalone financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard (referred to as 'Ind AS') - 34. lnterim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 (the 'Act') read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (the 'Listing Regulations'). Any application guidance/ clarifications/ directions issued by Reserve Bank of India ('RBI') or other regulators are implemented as and when they are issued/ applicable. 2. The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on August 13, 2024 subjected to the Limited Review by the Statutory Auditors of the Company pursuant to Regulation 33 of Listing Regulations as amended. 3. The EPS has been computed in accordance with the Indian Accounting Standard. 4. The Company's main business is of providing Car Loans, Commercial Vehicle Loans (new & used), MSME Loans, Loan Against Property and other asset backed loans. 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. 5. 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 Indian Accounting Standards, Non Banking Financial Companies (NBFCs) are required to create an impairment reserve for any shortfall in impairment allowances under IND AS-109 made by the Company exceeds the total provision required under IRACP (including Standard Asset provisioning)as at June 30, 2024 and accordingly no amount is required to be transferred to impairment reserve. 6. Pursuant to the final dividend for the financial year 2023-24 declared by the shareholders at the 33rd Annual General Meeting of the company held on July 16, 2024, the company paid the final dividend of Rs. 0.10 (5%) per equity share of face value of Rs. 2/- each fully paid up aggregating to Rs. 1,20,06,830 (gross) subject to deduction of tax at source as per applicable rates(s) to the eligible shareholders. The record date for payment of final dividend was July 09,2024 and the payment was made on July 23, 2024. 7. Disclosure pursuant to Master Direction-Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 issued by the Reserve Bank of India vide their notification no. RBI Notification No. RBI/DOR/2021-22/86. DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021: a) The company has not transferred and acquired any stressed assets through assignment during quarter ended on June 30, 2024. b) The Company has not transferred and acquired any loans (not in default) through assignment during quarter ended on June 30, 2024. 8. Provision for income-tax has been made in accordance with the Ind AS-12. 9. Previous year/period figures have been regrouped/rearranged/reclassified, wherever considered necessary, to make them comparable. 10. The above financial results are available on the website of the NSE Limited(www.nseindia.com) and BSE Limited (www.bseindia.com) and on the website of the company www.baidfinserv.com. Other Operating Revenue 52000.00 Other Expenses 21345000.00 0.00 0.00 0.00 0.00 Fair value changes on equity instruments through other comprehensive income 27000.00 27000.00 6000.00 0.00 21000.00