Multibagger Penny Stock Under Re 1: Board to Meet on April 30 for Fund Raising
The stock gave multibagger returns of 750 per cent in 3 years and 1,260 per cent in 5 years.
Standard Capital Markets Ltd (SCML), a Non-Banking Financial Company registered with the Reserve Bank of India, informed you that a Meeting of the Board of Directors of the Company will be held on Wednesday, April 30, 2025, inter-alia, to consider and approve the proposal of fund raising and any other business with the permission of the Chairman in compliance with applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time.
Additionally, SCML announced plans to explore international markets to broaden its financial services and global presence, pending regulatory approvals like the RBI's. This strategy includes evaluating overseas subsidiaries and partnerships in key financial centres, focusing on tailored lending, trade finance and wealth management for individual and institutional clients. SCML aims to establish wholly-owned subsidiaries in supportive regulatory environments, offering innovative solutions like trade credit and supply chain financing. To support this, SCML will invest in digital infrastructure and ensure international compliance, adhering to RBI and global regulatory frameworks.
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About the Company
Established in 1987 and registered with the RBI, Standard Capital Markets Ltd (SCML) is a diversified NBFC providing financial services like lending, investment advisory, insurance broking, arbitration and legal assistance; its subsidiary, Standard Capital Advisors Limited, focuses on merchant banking.
According to Quarterly Results, the net sales increased by 106 per cent to Rs 20.28 crore in Q3FY25 compared to net sales of Rs 9.84 crore in Q2FY25. The company reported a net loss of Rs 45.10 crore in Q3FY25 compared to a net loss of Rs 0.70 crore in Q2FY25. The company reported net sales of Rs 38.16 crore and a net loss of Rs 44.05 crore in 9MFY25 while the company reported net sales of Rs 27.39 crore and a net loss of Rs 10.71 crore in FY24.
The company has a market cap of Rs 83 crore and has delivered good profit growth of 173 per cent CAGR over the last 5 years. According to the shareholding pattern, promoters of the company only own a 13.89 per cent stake while the public owns an 86.11 per cent stake as of December 2024. The stock gave multibagger returns of 750 per cent in 3 years and 1,260 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.