NBFC Penny stock under re 1 in focus to converting loan worth £ 94 into equity | Einsmark news

Penny Stock, Non-Banking Financial Company (NBFC), Standard Capital Markets on Monday, May 19, 2025, announced that the board of directors approved the granting of equity shares to non-promoters as a conversion of outstanding loans, according to the bursary filing. The company granted 72,45,74,640 shares with the face value of re 1 for an outstanding loan amount of £ 94,19,47,032 at an expenditure price of £ 1.30. “We have hereby notified you that the Preference Committee of the Board of Directors of Standard Capital Markets Limited today, ie, May 19, 2025, has considered and approved the award of 72,45,74,640 shares, the value of re 1/- each to the person belonging to a non-promoter, to the conversion of a total loan, for a total loan, for a total loan, for a total loan. 94,19,47,032/- to a loan of 94,47,47,032/- to a total borrowing issue of £ 1.30/- each, “according to the company’s BSE filing Monday. According to the submission data, the company has allocated 38,46,15,384 or 38.46 crore shares on a preferred base to Flash Merchandise Private Limited, and 33,99,59,256 or 33.99 crore shares on a preferred base to Yucca Merchants Private Limited. “As a result of the said award, the paid-up equity capital of the company rose to £ 2,45,45,77,640/- consisting of 2,45,45,77,640 shares of the face value of re 1/- each,” they said. Standard Capital Markets Standard Standard Capital Markets Shares closed 2.56 percent lower at £ 0.38 after Monday’s stock market, compared to £ 0.39 in the previous market. The company announced the development of the loan conversion in the afternoon session of the stock market. In February 2012, the NBFC Penny shares gave the stock market investors in February 2012 since the listing of the Bombay Stock Exchange (BSE). According to the BSE data, the low level of 52 weeks on May 7, 2025 was at £ 0.37. The Penny Stock Market Capitalization (M-CAP) was at £ 65.74 crore on May 19, 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions, as market conditions can change quickly, and conditions can vary.