Multibagger Penny Stock Under Rs 15 Hit 5 Back-to-Back Upper Circuit: Company Approves 25% Stake Sale at Rs 22 Per Share, 81% Above Market Price

Pro Fin Capital Services Ltd has announced that its Board of Directors approved Hong Kong–based Excellence Creative Ltd’s proposal to acquire 25 per cent equity at Rs 22 per share. The proposed transaction price stands 81 per cent higher than the closing price of Rs 12.15 on 26 November. The company stated that the Letter of Intent (LOI) remains non-binding and the proposed investment will proceed only after due diligence, regulatory review, and negotiation of final agreements.

In the same meeting, the board approved increasing the company’s authorised share capital to support its planned bonus issue. Earlier, on 10 October, the board had approved a 1:1 bonus issue, offering one fully paid-up share for every existing share, subject to shareholder approval. An extraordinary general meeting has been scheduled for 23 December for this purpose.

Excellence Creative Ltd had initially expressed interest on 13 November through a non-binding LOI to acquire up to 25 per cent of Pro Fin Capital’s equity at Rs 22 per share. After evaluating the proposal, the board on 26 November authorised the company to initiate due diligence, hire independent advisors, and examine available regulatory pathways. These include exploring options such as a qualified institutional placement or open market route, in consultation with the Hong Kong investor. The company clarified that no final structure or timeline has been agreed upon, and further updates will be disclosed in line with SEBI LODR requirements.

Director Abhay Gupta stated that the board has approved the LOI along with the bonus issue proposal. He added that the company continues to strengthen its trading, credit, and advisory verticals with an aim of sustaining long-term growth through efficient capital allocation and risk management practices.

Pro Fin Capital reported strong financial results for Q2FY26, with net profit rising over fourfold to Rs 13.37 crore compared to Rs 2.46 crore a year earlier. Total income for the quarter grew sharply to Rs 44.62 crore, up from Rs 6.97 crore, registering a 540 per cent rise. For H1FY26, the company recorded a net profit of Rs 15.91 crore, an increase of 320 per cent from Rs 3.78 crore in the same period last year. Total income surged to Rs 55.14 crore, marking a 249 per cent growth from Rs 15.82 crore. In FY24-25, the company reported total income of Rs 31.96 crore and net profit of Rs 2.92 crore.

Established in 1991, Pro Fin Capital Services Ltd is a registered non-Banking financial company offering capital-market trading across equities, derivatives, currencies, and commodities. The company also provides depository services and short-term loans, catering to both individual and business clients. It is registered with the RBI and SEBI and is a trading member of NSE and BSE.

The stock price has given 289 per cent multibagger returns from its 52-week high.

Disclaimer: The article is for informational purposes only and not investment advice.