Penny stock under Re 1: Micro-Cap Company to consider business expansion, unified corporate identity and fund-raising options!

DSIJ Intelligence-1 / 10 Jul 2025/ Categories: Mindshare, Trending

Penny stock under Re 1: Micro-Cap Company to consider business expansion, unified corporate identity and fund-raising options!

The stock is up by 14.3 per cent from its 52-week low and has given multibagger returns of 300 per cent in 5 years.

On Wednesday, the shares of Sunshine Capital Ltd hit a 5 per cent upper circuit to Rs 0.32 per share from its previous closing of Rs 0.31 per share. The stock’s 52-week high is Rs 3.05 while its 52-week low is Re 0.28. The company has a market cap of Rs 167.33 crore and shares of the company saw a spurt in volume by more than 1.75 times.

Sunshine Capital Limited inform you that a meeting of the Board of Directors of the company will be held on Wednesday, July 16, 2025, at the Registered Office of the Company at 209 Bhanot Plaza II 3 D B Gupta Road, New Delhi, Delhi, India, 110055 for the following:

  1. To consider entry into the Microfinance and Small-format Lending segment, subject to regulatory approvals including that of Reserve Bank of India (RBI), to address the credit needs of Aspirational borrowers and underserved populations outside the existing credit net in a way that it aligns with the Company’s broader mission to enable inclusive financial access and economic empowerment through structured and scalable lending programs, investments in Listed Equity Shares tailored for self-employed individuals, rural borrowers, and micro-enterprises.
  2. To consider adopting a unified Corporate Identity for the Company’s retail-centric business verticals, to present a cohesive and future-ready brand architecture across its consumer-facing financial products.
  3. To evaluate and consider fund-raising options, in one or more tranches, through issuance of equity shares and/or other eligible securities representing or linked to equity shares, including but not limited to convertible instruments, foreign currency convertible bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), qualified institutions placement (QIP), rights issue, preferential allotment, further public offering, private placement, or any combination thereof, under applicable laws and regulations. Such fund-raising, if approved by the Board, shall be undertaken under applicable laws and regulations, and shall be subject to the requisite approvals, including those of the shareholders and relevant regulatory authorities.
  4. Any other agenda items with the prior permission of the chairman.

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About Sunshine Capital Ltd

Sunshine Capital Ltd. is an India-based Non-Banking Financial Company (NBFC) established in 1994 and listed on the BSE. The company primarily engages in financial services, including the trading of equity shares, investments, and providing loans and advances. It is also involved in the purchase and sale of commodities and aims to offer a broad range of financial products and solutions to its clients, with an emphasis on long-term finance and trading solutions.

In FY25, the company did net sales of Rs 8.93 crore and a net loss of Rs 68 lakh. The promoters of the company own 19.03 per cent, FIIs own 0.53 per cent and the public holds 80.44 per cent stake as of March 2025. The stock is up by 14.3 per cent from its 52-week low and has given multibagger returns of 300 per cent in 5 years.

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