Penny Stock Under Rs 10: THIS NBFC Stock Jumps 7% After Warrants Issue; 70% ROE Sparks Buzz | Do You Own?

Penny Stock Under Rs 10: Shares of Golden Legand Leasing and Finance Limited will remain in focus on Monday, March 30, after the Non-Banking Financial Company (NBFC)'s board approved the allotment of 6 crore convertible warrants.

Golden Legand Leasing & Finance share price ended 7.6% higher at Rs 8.78 per share on BSE with a market capitalisation of Rs 13.06 crore on Friday, March 27. The stock had touched an intraday high of Rs 8.9 per share and an intraday low of Rs 8.07 per share.

Penny Stock In Focus Due To Warrant Allotment

The Mumbai-based NBFC, in an exchange filing dated March 27, had said that its board had approved the allotment of 6.63 crore convertible warrants to persons belonging to the non-promoter category. Warrants will be issued as a preferential allotment in the ratio of 1:1.

"Warrants carrying option to subscribe to the equity share of the Company, in the ratio of 1 (One) equity share having Face Value of Rs. 10/- (Rupees Ten Only) each at an issue price of Rs. 12.96/- (Rupees Twelve and Ninety-Six Paise Only) including premium of Rs. 2.96 /- (Rupees Two and Ninety Six Paise Only), at an aggregate consideration of 21,49,77,240," noted the company in its BSE filing on Friday, March 27.

Warrants Can Be Converted Within 18 Months

Subscribers can convert the warrants into share (in the ratio fixed by the company) at any time on or before the expiry of the 18 months duration from the date of allotment, ie March 27, 2026. Investors can conver the warrants in one or more tranches.

In case the warrants are left unconverted post the 18 months duration then they "shall lapse, and the amount paid by the Warrantholder(s) on such Warrants shall stand forfeited," as per the BSE filing.

Golden Legand Leasing Share Price Trend

The stock ended in green on Friday. Golden Legand Leasing share price had touched its 52-week high mark of Rs 16.38 per share on August 18, 2025. The stock dipped to itsd 52-week low of Rs 7.20 per share on July 22, 2025. The stock has a return on equity (ROE) of 70%. A company stock's return on equity (ROE) indicates how much profit it has generated from every Re 1 of shareholders' money.

Despite Friday's rally, the penny stock value has declined 5.39% in past five trading sessions. Its value has declined 17.48% in two weeks and around 23% since the beginning of the year 2026.