Baid Finserv Limited announced that Executive committee of Board of Directors of the Company at its meeting held on June 16, 2023 has approved the proposal to further strengthen the presence of company and customer reach in Gujarat and Maharashtra by opening new branches. This step will further enhance the presence of the Company in different geographical locations, enable it to penetrate new markets and expand its reach to a wider number of customers for offering and delivering financial services in transparent manner. The company has also intimated RBI regarding opening of new branches in Gujarat and Maharashtra.