LIC-owned NBFC sets board meeting date to consider NCD allotment. Details here

Paisalo Digital's board is scheduled to meet on June 3, 2025, to consider and approve the allotment of non-convertible debentures (NCDs) via a private placement basis.

“We would like to inform you that the meeting of the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on June 3, 2025, to consider and approve allotment of Non-Convertible Debentures through Private Placement basis,” said the company in its filing on Thursday, May 29.

According to Trendlyne data, LIC holds a 1.9% stake in Paisalo Digital as of the March 2025 quarter. Additionally, SBI Life Insurance possesses a 9.4% share in the NBFC.

In the fourth quarter, Paisalo Digital reported a net profit of ₹46.29 crore, reflecting a 26% year-on-year (YoY) increase from ₹36.61 crore in the fourth quarter of the previous year. The NBFC stated that its total sales for the quarter amounted to ₹193.77 crore, compared to ₹195.29 crore reported in the March 2024 quarter.

The board of Paisalo Digital announced a dividend of 10% on every stock with a face value of Re 1. It recommended a final dividend of 10% on the fully paid-up capital of the company, which translates to Re 0.10 for each fully paid equity share of Re 1 for the financial year ending March 31, 2025, according to a filing from the NBFC.

For the complete fiscal year, the company recorded a net profit of ₹200.12 crore, representing a 12% increase from ₹178.97 crore in the previous year.

Paisalo Digital share price today

Paisalo Digital share price today opened at an intraday high of ₹31.53 apiece on the BSE. The stock touched an intraday low of ₹30.70 per share.

According to Anshul Jain, Head of Research at Lakshmishree Investments, Paisalo Digital share price, after a 70% fall over 58 weeks, continues to exhibit bearish strength and is now on the verge of a fresh breakdown below ₹30.5.

“A breach of this support is likely to trigger a quick decline towards ₹18. The consolidation phase saw dull volumes, indicating a lack of accumulation and increasing the probability of a smooth and swift downside move. Traders should stay cautious as selling pressure may intensify further,” said Jain.

According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, this is an underperforming stock, trading around its 52-week low for the last couple of months, with prices around 29 levels. Overall bias remains negative, and a break below 29 would trigger the stock to fall to the 25 zone, he said, adding that any bounce should be used as an exit opportunity with 33 as resistance.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.