Shareholders Approve Insertion of New Main Object Sub-clause 7 on Lending Activities in MOA

At the 35th AGM held on September 23, 2026 (via video conferencing), members approved altering Clause III(A) – Main Objects of the Memorandum of Association.

Thu 24 Sep 2026

Meeting Date

September 23, 2026

Meeting Format

Video conferencing

Meeting Time

3:00 PM to 3:37 PM IST

Resolution Passed

Alteration of Clause III(A) – Main Objects of the Memorandum of Association

New Sub-clause

Sub-clause 7 inserted covering financing and lending in all forms including vehicle, mortgage, personal, gold, MSME, microfinance loans…

What was shared

Baid Finserv disclosed under Regulation 30 that members of the company, at the 35th Annual General Meeting held on Wednesday, September 23, 2026 through Video Conferencing / Other Audio Visual Means (commenced 03:00 P.M. IST, concluded 03:37 P.M. IST), approved the alteration of Clause III(A) – Main Objects of the Memorandum of Association.

The change

A new Sub-clause 7 is inserted after the existing Sub-clause 6. It allows the company to carry on the business of financing and lending in all forms and manners, and to refinance and otherwise deal in loans, advances, credit facilities and financial assistance of every kind, whether secured or unsecured.

The listed activities include

• Vehicle loans, mortgage loans, loan against property, personal loans
• Gold loans, silver loans, loans against jewellery and precious metals
• Consumer durable loans, business loans, MSME loans, working capital loans
• Microfinance loans, inter-corporate loans, education loans, employee loans
• Project finance, structured finance, supply chain finance, acquisition finance, merger and acquisition finance, bridge finance, corporate finance
• Loans against shares, securities, receivables and other movable or immovable assets
• Non-fund based facilities: letters of credit, guarantees, factoring, bill discounting and trade finance
• Co-lending, co-origination, direct assignment, securitisation, loan participation, portfolio acquisition and transfer, receivables financing, digital lending, peer-to-peer lending and subordinated debt

All such activities are to be undertaken as permitted under applicable laws and regulations from time to time.

How to read it

An alteration of the Main Objects clause changes what the company is formally authorised to do under its constitutional document. Here the wording widens the description of lending and credit-related business lines. The update records shareholder approval of the wording; it does not itself describe any new business launched, any investment, or any financial impact.

The information will also be hosted on the company's website.

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