Multibagger Small Cap NBFC Stock Rallied Over 9% After Board Fixes Record Date For Final Dividend

The Board of Directors of Baid Finserv Ltd. in its meeting held on Aug 04, 2023, fixed the record date as Thursday, Aug 31, 2023, for a final dividend of Rs 0.10/- per equity share of Rs 2/- each i.e. 5% for the financial year 2022-23. The recommended dividend is subject to approval by the Board at the 32nd AGM. The AGM is scheduled to happen on Thursday, Sept 07, 2023.

Baid Feinserv Ltd. (Formerly Known as Baid Leasing and Finance Company Limited) is a Financial Services sector company working as NBFC. It has a market cap of Rs 519.42 Crore.

Dividend & Record Date

According to the Board of Directors of Baid Finserv Ltd., "Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby inform that the Record Date has been fixed as Thursday, August 31, 2023 for the purpose of ascertaining the entitlement of members for the purpose of Final Dividend of Rs. 0.10 /- (5 % of Equity Share of Rs. 2/- each) per equity share for the Financial Year 2022-23 recommended by the Board of Directors of the Company in its meeting held on August 04, 2023."

Moreover, "If the final dividend as recommended by the Board of Directors is declared at the 32nd Annual General Meeting to be held on Thursday, September 07, 2023 at 03:00 P.M. through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"), payment of such dividend is subject to deduction of tax at source, will be made within 30 days of declaration of dividend by the Members in said 32nd Annual General Meeting."

Stock Movement

Meanwhile, the share price of Baid Finserv closed 9.71% higher at Rs 43.26 per share on BSE. It hit an intraday high at Rs 43.50 and an intraday low at Rs 38.64. The stock traded its 52-week-high at Rs 48.51 per share and 52-week low is Rs 16 per share, respectively.

The stock jumped 8.53% in the past 1 week. It has given 5.52% in the past 1 month. It jumped 76.93% in the last 1 year, while in 2 years, it gained 986.93%. It has given 1251.88% multibagger return. In the last 5 years, it has given 75.57% positive return.

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