A director has recently resigned from this micro-cap company!

Gyanesh Patodiya
/ Categories: Trending, Mindshare
A director has recently resigned from this micro-cap company!

The company offers financial services to the business community and is a non-banking finance enterprise.

According to a letter the compliance monitoring team sent regarding the original corporate announcement filed on June 2, 2023, S.I. Capital & Financial Services has submitted the updated announcement. Habeeb Rahiman (DIN: 09413355), an Independent Director of the Company, resigned from the Board of the Company with immediate effect in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, due to his failure to pass the online proficiency self-assessment test required by the Independent Directors Data bank. His resignation letter was dated June 1, 2023. The company has additionally affirmed that the aforementioned reasons mentioned above are the only material reasons for his resignation. The following Board Meeting will also discuss the resignation of the company. 

The scrip opened today at Rs 31 and touched the day high and low of Rs 31 and Rs 31, respectively. Its 52-week high stood at Rs 40.40, whereas its 52-week low was Rs 27.08. The current market cap of the company is Rs 10.54 crore. Promoters hold 53.64 per cent, whereas Institutional and non-institutional holdings are 0.27 per cent and 46.10 per cent, respectively. 

DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here  

SI Capital & Financial Services Limited (SICFSL) - the consumer brand of the Sharewealth Group leading the market since 1994. SI Capital has been providing its clients with excellent financial services. SICFSL provides for a wide range of clientele, including retail, HNI, super HNI, micro-enterprises, and SMEs. SICFSL provides specialised services in the fields of personal finance, gold loans, motorbike loans, used car loans, business loans, including financing for small and medium-sized businesses, and foreign currency. 

Rate this article:

Leave a comment

Add comment


Mkt Commentary3-Oct, 2023

Penny Stocks3-Oct, 2023

Mindshare3-Oct, 2023

Mindshare3-Oct, 2023

Mindshare3-Oct, 2023


General30-Sep, 2023

General26-Sep, 2023

Technical25-Sep, 2023


Investment in securities market are subject to market risks.Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.