NBFC penny stock below Re 1 in focus after conversion of loan worth ₹94 crore into equity

Penny stock, Non-banking financial company (NBFC), Standard Capital Markets on Monday, 19 May 2025, announced that the board of directors has approved the allotment of equity shares to non-promoters as a conversion of outstanding loans, according to the exchange filing.  The company allocated 72,45,74,640 equity shares with the face value of Re 1 apiece for…

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