Baid Finserv Limited has confirmed that there was no deviation in the utilization of funds raised through the issuance of Convertible Warrants for the quarter ending September 30, 2025. In a statement filed with the stock exchanges, the company reported that the total amount raised through this preferential issue was INR 1,813.03 Lakhs. As of June 30, 2025, the company received 25% of the issue size, amounting to INR 453.26 Lakhs, which was fully utilized in the previous quarter. The remaining 75% will be collected when the warrant holders exercise their conversion options over the next 18 months.

The report, submitted under Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements, indicated that Baid Finserv did not experience any changes in terms or purposes for which the funds were raised. The funds were primarily intended to support working capital needs, reduce existing working capital borrowings, and cover general corporate purposes. The company did not report any variations in fund utilization, and both the audit committee and auditors had no comments on the matter.

Baid Finserv's commitment to transparency is evident in its adherence to regulatory requirements. The company has emphasized that no further funds were received from warrant holders during the current quarter, leading to zero utilization of funds for this period. The firm remains compliant with all regulations and is dedicated to maintaining clear communication with shareholders and the market regarding its financial activities.