Outcome of the meeting
Price
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Awaiting price reaction for this filing.
The Board of Pro Fin Capital Services Ltd met on 26 November 2025 and reviewed a non-binding Letter of Intent (LoI) from Excellence Creative Limited, Hong Kong, which proposes to acquire up to 25% of the company's equity share capital at INR 22 per share. The Board accepted the LoI and authorised next steps including due diligence, appointing independent advisors, and evaluating options like a Qualified Institutional Placement (QIP) or Open Market purchase route. Importantly, the LoI remains non-binding and no final decision has been taken on structure, timing, or execution. Separately, the Board approved an increase in Authorised Share Capital to enable issuance of Bonus Shares, subject to shareholder approval, and scheduled an Extraordinary General Meeting (EGM) for 23 December 2025.
This is a potentially significant development — a 25% acquisition by a foreign entity at a stated price could lead to a change in control or strategic partnership, which may attract investor interest and lift trading volumes. However, since the LoI is non-binding and no open offer or final deal has been announced, the price is still speculative. The Bonus Shares proposal, if approved, would dilute shareholding but reward existing shareholders with extra shares.