Penny Stock Under Rs 1 To Mull Fundraise This Week; Explores Global Expansion Subject To Approval From RBI

Standard Capital Markets Limited (SCML) has revealed that it will be considering fundraising proposals in a board meeting scheduled for April 30th, 2025. This information was sent to the stock exchange of BSE, and the company said that they may discuss other routine matters during the meeting as well.

As per SCML, the mentioned meeting will be conducted under the guidance of the chairman and observing the requisite law of SEBI for standard SCML regulations they incorporated in one of their statements.

This comes after SCML mentioned its plans. SCML markets intend to enter or explore, which is part of broader strategic expansion plans, are expected to come under scrutiny from various regulatory bodies, including the Reserve Bank of India.

India SCML plans to enhance its presence outside the country. They wish to open new subsidiaries outside of India and join forces with some internationally renowned, important global financial institutions.

SCML aims to provide customized financial services such as secured and unsecured lending, trade financing, and wealth management for individual and corporate clients. To serve these clients and support borderless business, the company intends to enhance its operations by improving its compliance with international laws and investing in advanced digital systems.

For SCML, net sales reached Rs 20.28 crore for the quarter ending December 2024 (Q3FY25), which is a 106% increase from the previous quarter (Q2FY25) where sales were Rs 9.84 crore. Nonetheless, the company's net loss also deepened compared to the previous quarter to Rs 45.10 crore, a sharp increase from a loss of Rs 0.70 crore in Q2FY25.

In the nine month period of FY25 (9MFY25), SCML's net sales stood at Rs 38.16 crore, and net loss increased to Rs 44.05 crore. In comparison, the figures for FY24 were Rs 27.39 crore in net sales and a loss of Rs 10.71 crore.

The company's losses are severe, but this is offset by the profit growth of 173% CAGR SCML has seen over the last five years. Currently, its market cap sits around Rs 83 Crores. As of December 2024, promoter shareholding was at 13.89%, with public shareholders owning 86.11% of the equity.

On the other hand, the stock has given 500% returns over the span of three years and 1,100% over five, making it a fantastic investment.

Standard Capital Markets was established in 1987 and received its registration number from the RBI in the same year. The company offers services such as lending, insurance broking, investment counselling, arbitration, as well as legal services. Standard Capital Advisors Limited, its subsidiary, is also involved in merchant banking activity.