BAIDFIN2023-04-012023-06-30 BAIDFIN2023-04-012023-06-30in-bse-fin:OneOtherRevenueFromOperations01Member BAIDFIN2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member BAIDFIN2023-06-30 BAIDFIN2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 511724 BAIDFIN NOTLISTED Baid Finserv Limited Equity 2023-04-01 2024-03-31 2023-08-04 2023-07-25 INR Lakhs First quarter 2023-08-04 11:45:00 2023-08-04 15:05:00 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. 2023-04-01 2023-06-30 Unaudited Standalone 153605000.00 111000.00 63000.00 2848000.00 0.00 0.00 5550000.00 0.00 20195000.00 182372000.00 670000.00 183042000.00 0.00 0.00 5009000.00 13839000.00 52867000.00 1168000.00 11307000.00 0.00 0.00 7190000.00 16695000.00 108075000.00 74967000.00 0.00 74967000.00 18866000.00 0.00 18866000.00 56101000.00 0.00 0.00 0.00 0.00 56101000.00 58000.00 56159000.00 0.00 0.00 240137000.00 2 0.47 0.47 0.00 0.00 0.47 0.47 0.01 0.01 0.02 Explanatory notes to the Statement of Standalone Unaudited Financial Results for the Quarter ended June 30, 2023. 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 (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 04, 2023 subjected to the Limited review by Statutory Auditors 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/2019-20/170DOR(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, 2023 and accordingly no amount is required to be transferred to impairment reserve. 6. The disclosures as required under RBI Notification No. RBI/2020-21/17/DOR.No.BP.BC/4/21.04.048/2020-21 dated August 06, 2020 on Micro Small and Medium Enterprises (MSME) -- Restructing of Advances , for the quarter ended on June 30, 2023 are as follows: No. of Account Restructured Amount (Rs. in lakhs)* Nil 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, 2023. b)The Company has not transferred and acquired any loans (not in default) through assignment during quarter ended on June 30, 2023 8.The Board of Directors at their meeting held on August 04, 2023 recommended a dividend of Rs. 0.10 per Equity Share of Rs. 2/- each on 12,00,68,300/- shares of the Company for the financial year 2022-23, subject to approval of shareholders of the Company. 9.Provision for income-tax has not been made in accordance with the Ind AS-12. 10.Previous year/period figures have been regrouped/rearranged/reclassified, wherever considered necessary, to make them comparable. 11.Other operating revenue of the company includes recoveries made in written off accounts . 12.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 20195000.00 Other expenses 16695000.00 0.00 0.00 0.00 0.00 Fair value changes on equity instruments through other comprehensive income 78000.00 78000.00 20000.00 0.00 58000.00