Announcement under Regulation (30)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pro Fin Capital Services Ltd has received a non-binding Letter of Intent from Excellence Creative Limited (Hong Kong) dated 13 November 2025 to explore acquiring up to 25% of the company's equity share capital at a proposed price of INR 22 per share. The proposal is purely exploratory at this stage and is subject to detailed discussions, board approval, due diligence, negotiation of definitive agreements, and regulatory clearances from SEBI, BSE, RBI, FEMA, and the Companies Act. The LoI does not constitute a binding commitment from either party, and the Board will consider the proposal in an upcoming meeting. Any material development will be informed to the stock exchange.
This is a preliminary, non-binding expression of interest rather than a confirmed deal, so the stock reaction should be cautious. If the acquisition progresses to binding terms at INR 22/share, it could provide a price benchmark for shareholders, but until then the upside is speculative. The foreign acquirer angle adds regulatory complexity (FEMA, RBI approvals) that could delay or alter the transaction.