Pro Fin Capital Services’ board accepted a non-binding LoI for a potential 25% stake sale to a Hong Kong firm at INR 22/share, initiated due diligence, and approved a bonus issue with an EGM set for December 23. No final deal yet; further approvals and disclosures required.
The Board of Directors of Pro Fin Capital Services Limited met on November 26, 2025, to deliberate on two major proposals: a potential stake sale and a bonus share issue. The board received and accepted a non-binding Letter of Intent (LoI) from Excellence Creative Limited, Hong Kong, expressing interest in acquiring up to 25% of the company’s equity at a proposed price of INR 22 per share. This price represents a significant premium over the current market price, indicating strong investor interest.
Notable updates from the meeting include:
-
The company will initiate due diligence, engage independent advisors, and evaluate regulatory pathways, including a Qualified Institutional Placement (QIP) or an open market transaction.
-
The LoI remains non-binding; no final decision on transaction structure or timing has been made.
-
Any definitive deal will require further board approval, successful due diligence, regulatory permissions, and execution of binding agreements.
-
The board approved increasing the authorized share capital to facilitate the issuance of bonus shares, subject to shareholder approval.
-
An Extraordinary General Meeting (EGM) is scheduled for December 23, 2025, to seek shareholder consent on these proposals.
Key Highlights:
-
LoI received for up to 25% stake sale at INR 22/share, pending due diligence and regulatory approvals.
-
Bonus share issue proposed, requiring increase in authorized capital and shareholder approval.
-
EGM set for December 23, 2025, to discuss these proposals.
-
No binding agreement reached yet; transaction subject to further board and regulatory clearances.
-
Company committed to timely disclosures as per SEBI LODR regulations.
Sources: National Stock Exchange (NSE) Circular, Pro Fin Capital Services Official Announcements