Penny stock under Rs 30 hit the lower circuit after the company commissioned a 500 kWp solar power project

On Thursday, shares of SBEC Systems (India) Ltd hit a 5 per cent lower circuit to Rs 27.46 per share from its previous closing of Rs 28.90 per share. The stock’s 52-week high is Rs 59.15 and its 52-week low is Rs 15.78.

SBEC Systems (India) Ltd informed that its solar power project of 500 kWp at Jayesh Tradex Private Limited, Modi Steel Compound, Modinagr, Uttar Pradesh- 201204, has successfully commissioned and operationalised as per government guidelines on July 9th, 2025.

Earlier, SBEC Systems (India) Limited announced that it entered into a Loan Facility Agreement on June 3, 2025, with Moderate Leasing and Capital Services Limited. This agreement is for an Inter Corporate Borrowing, with SBEC Systems availing an unsecured loan facility totalling Rs 20 crore. There is no shareholding relationship between the two entities, and the transaction is not considered a related party transaction. The loan is unsecured, and the agreement was executed on the aforementioned date.

About the Company

SBEC Systems (India) Ltd, established in 1987, is an engineering and consultancy company that caters to the sugar and power industries. They offer a wide range of services including scientific and technical consultations, designing and planning for various projects and fabrication, erection, and commissioning of those projects. Additionally, they provide high-tech equipment specifically suited for the sugar and power industries.

The company has a market cap of Rs 27.46 crore and reported positive numbers in its Quarterly Results (Q4FY25) and its annual results (FY25). A 51 per cent stake is owned by the promoters and the remaining 49 per cent stake is owned by the public shareholders. The stock is up by 74 per cent from its 52-week low of Rs 15.78 per share.

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