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Paisalo Digital: Following the company’s announcement of the board meeting to discuss a proposed fundraising agenda, shares of LIC-backed Paisalo Digital, a non-banking finance company (NBFC), surged by more than 4% after rising by more than 10% during the previous trading session on Monday. The NBFC stock increased by more than 14% in only two days.

The committee will meet on May 15th to review and approve plans to acquire funds via the private placement issue of listed secured non-convertible debentures (NCDS), the business said in a filing after Monday’s market close.

Performance of Stocks

Close to the previous day’s closing price of Rs 34.14, the small-cap stock started Tuesday’s trading session at Rs 34.13. Following a rather flat start, the stock surged about 4% to reach an intraday high of 35.62, representing a 4.3% gain (as of this writing). Although the stock has increased 12.33% in the last month, it has lost 43% in the past 12 months.

“We would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on May 15, 2025 to consider and approve the fund raising proposal by way of issuance of Listed, Secured, Non Convertible Debentures on Private Placement basis,” the filing said.

As part of the filing process, the business’s promoter group entity, Equilibrated Venture Cflow, declared on May 12 that a pledge on 75,000,000 shares, or 0.83 percent of the company, had been released. The promoter group now holds 8,39,09,002 shares in total pledged shares as a result of this announcement.

Q4 Outcome

Meanwhile, Paisalo Digital reported strong financial results for the quarter that concluded in March 2025 (Q4 FY25). Compared to the same quarter last year, when the company’s standalone net profit was Rs 36 crore, it increased by 25% to Rs 45 crore this quarter.

The biggest insurance company in the nation, LIC, has a 1.17% share in the Non-Banking Finance Company as of March 2024.