Penny Stock Below Rs 5; Company Approved Expansion into Solar & Drone Technology Sectors

According to the shareholding pattern as of March 2025, the promoters own 0.20 per cent stake, the Government holds 0.01 per cent stake and public shareholders own 99.79 per cent.

Bright Solar Limited's board convened and made significant decisions regarding the company's future trajectory. They greenlit an ambitious expansion into the burgeoning Solar and Drone technology sectors, a move that will involve strategic technological acquisitions and related activities to gain a competitive edge. Furthermore, to fuel these expansions and other operational needs, the board approved borrowing funds up to ₹5.00 Crore through secured loans from banks, financial institutions, and/or High Net Worth Individuals, ensuring compliance with the Companies Act, 2013, and other relevant legal frameworks. Finally, the board also approved the draft of an unspecified document, indicating further business developments are underway.

Bright Solar Ltd, established in 2010, specialises in assembling and installing solar water pumps, offering EPC contracts, project consulting and water infrastructure services. With over 3000 installations, they provide drinking and irrigation solutions. Their product range includes DC and AC solar pumps, controllers, solar panels and a dedicated online mart. Beyond pumps, they undertake drone mapping, project consulting and rural water supply & sewerage projects, contributing to sustainable water management and renewable energy solutions under their brands Pumpman and Bright Solar.

This micro-cap company has a market cap of Rs 7 crore. According to the shareholding pattern as of March 2025, the promoters own 0.20 per cent stake, the Government holds 0.01 per cent stake and public shareholders own 99.79 per cent.

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