Explained: Why Paisalo Digital shares hit 20% upper circuit on Wednesday

Paisalo Digital shares hit the 20% upper circuit after the promoter group raised its stake by 4.97% during the quarter, taking promoter holding to 46.72% in Q1FY27 from around 26% in FY19. The company highlighted a three-year roadmap to double its assets under management, total income and profit after tax, alongside a transition to an AI-led lending model serving MSMEs and underserved borrowers across 22 states. Deputy MD Santanu Agarwal said the stake increase reflects long-term promoter confidence in the company's growth, technology and governance strategy.