Volume Spurt Alert: Penny Stock Below Rs 5; Board allots 79,59,313 equity shares on conversion of warrants

DSIJ Intelligence-1 / 23 Sep 2025/ Categories: Penny Stocks, Trending

Volume Spurt Alert: Penny Stock Below Rs 5; Board allots 79,59,313 equity shares on conversion of warrants

In FY25, the company reported net sales of Rs 8.65 crore and net profit of Rs 0.16 crore.

On Tuesday, the stock Epuja Spiritech Ltd traded at an intraday high of Rs 3.51 per share, surged 0.3 per cent from its previous closing of Rs 3.50 with a spurt in volume by more than 2.5 times on BSE.

Epuja Spiritech Ltd. has approved the allotment of 7,959,313 equity shares, each with a face value of INR 1, following the conversion of an equal number of fully convertible warrants. These warrants were issued for Rs 3.40 each through a preferential allotment. As a result of this conversion, the company's paid-up equity share capital has increased from Rs 95,524,140 to Rs 103,483,453. The company also announced that the remaining 6,99,74,118 fully convertible warrants will be converted into equity shares in the future, subject to the payment of the specified consideration.

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Epuja Spiritech Ltd, a company with a history of name and business changes, has transformed into a leading online platform for religious services. Originally incorporated in 1980 as Kirti Finvest Ltd, it initially operated in the finance and investment sector. The company later shifted its focus to media production and trading under the name Suraj Productions Ltd. Today, as Epuja Spiritech Ltd, it is recognised as India's first online portal providing access to religious ceremonies and remedy rituals. The platform aims to bridge the physical gap between individuals and over 3,600 temples across India, making it possible to participate in more than 7,000 different pujas and spiritual ceremonies with just a click, thereby helping people maintain their connection to their faith and spirituality.

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The company's market capitalisation stands at Rs 29 crore. The stock is up by 30 per cent from its 52-week low of Rs 2.70 per share. In FY25, the company reported net sales of Rs 8.65 crore and net profit of Rs 0.16 crore.

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