Baid Finserv Ltd. Company History and Annual Growth Details

YEAR EVENTS
1991 - Baid Leasing & Finance Company Limited incorporated as a Public
Limited Company on 20th December, in 1991, under the Companies
Act, 1956. The Company received certificate of commencement of
business on 1st December, 1992 from Registars of Companies at
Jaipur. It was promoted by Pannalal Baid, Rakesh Kumar Baid &
Sunil Jain. The company is engaged in the business of leasing
and hire purchase, auto finance business etc.

- The Company proposed to diversify into leasing of plant and
machineries. It was also proposed to export coloured gem stones.

1995 - 7,00,000 No. of equity shares of Rs 10 each issued, 60,45,000 No.
of equity shares of Rs 10 each were then issued at par in Jan.
1995 of which 20,00,000 shares and 4,04,500 shares reserved and
allotted to promoters, directors etc. & NRIs of the remaining the
following were reserved for allotment on a preferential basis.
(i) 2000 shares to employees; (ii) 4,04,500 shares to Indian
Mutual Funds (None were taken). Balance 32,34,000 shares along
with 4,04,500 shares not taken up by Indian Mutual Funds were
issued to the public.

2011
-Appointment of M/s. R. K. Chapawat & Co., Chartered Accountants, Mumbai as a new statutory Auditors of the Company.

2012
-Change of Registered Office of the Company within the local limits from "Baid House, 1, Tara Nagar, Madrampura, Ajmer Road, Jaipur (Rajasthan)" to "3, Jaipur Towers.

2014
- The appointment of Mr. Aman Baid as Additional Director on the Board of the Company.
- Shifting of registered office to "Baid House", IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur-06.

2019
-NCLT has approved the Scheme of Arrangement among Jaisukh Developers Pvt. Ltd. and Skyview Tie Up Pvt. Ltd. with Baid Leasing and Finance Co. Ltd.

2022
-The Company has issued Bonus Shares in the Ratio of 1:1.
-Company name has changed to Baid Finserv Ltd. from Baid Leasing and Finance Company Ltd..

2025
-The company issued rights shares of Rs. 2 in the ratio of 1:4 at a premium of Rs. 8 per share.

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