In a significant corporate overhaul, penny stock Excel Realty N Infra Limited has unveiled a series of major decisions approved by its board of directors. The moves, aimed at restructuring the company's financial framework and identity, are poised to reshape its future trajectory, pending approval from its shareholders.
Board Approves Capital Hike and Name Change
The board, in a meeting held on Monday, gave its nod to a substantial increase in the company's authorized share capital. The proposal seeks to raise the capital from the current level of ₹500 crore to a significantly higher ₹7,500 crore. This capital is divided into equity shares of ₹1 each. To facilitate this change, the company will need to amend the relevant clause in its Memorandum of Association.
In a parallel strategic shift, the board has also approved changing the company's name from Excel Realty N Infra Limited to Landsmill Green Limited. This rebranding signals a potential new direction or focus for the firm's business operations.
Expanding Financial Limits and Awaiting Shareholder Consent
Beyond the capital and name changes, the board has sanctioned other key financial enhancements. These include increasing the company's borrowing limit and authorizing the creation of a mortgage or charge on its assets, properties, or undertakings for amounts up to ₹500 crore.
Furthermore, the company plans to raise the investment limits for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), Foreign Institutional Investors (FIIs), and Foreign Portfolio Investors (FPIs). It is crucial to note that all these board approvals, including the capital increase, name change, and new financial limits, are subject to the consent of the company's members (shareholders) through a postal ballot process.
A Look at Recent Financial Performance
The announcements come against the backdrop of the company's mixed financial results for the second quarter of the fiscal year 2025 (July-September). The firm reported a sharp decline in sales, which fell to ₹1.51 crore from ₹4.09 crore in the same quarter last year and ₹5.79 crore in the preceding June 2025 quarter.
Its operating loss widened to ₹0.67 crore from ₹0.34 crore a year ago, though it showed an improvement from a loss of ₹1.24 crore in Q1 FY25. The operating profit margin stood at -44.37%. However, a rise in other income to ₹1.80 crore provided crucial support to the bottom line. Consequently, the net profit for Q2 FY25 was ₹1.09 crore, showing a strong sequential rebound from ₹0.02 crore in the previous quarter.
Share Price Momentum
On the stock market front, shares of Excel Realty N Infra have witnessed a remarkable recovery, surging 146% from their lows in May to trade at around ₹1.60 per share. The stock has delivered astronomical long-term returns, skyrocketing from a mere ₹0.05 in October 2019, translating to a gain of approximately 3,100% over roughly five years.
The proposed changes to share capital and corporate identity mark a pivotal chapter for this penny stock, as it seeks to strengthen its foundation and potentially chart a new growth path, subject to investor approval.
