What’s new

• Netlink's board approved selling its Mumbai office and two cars, adding a tungsten manufacturing business, and moving its registered office to Gujarat.
• Shareholders will vote on the overhaul at an EGM on June 9.
• The company, recently acquired by Arix Capital, reported just ₹4.81 lakhs in annual revenue.

Why it matters

This is a nano-cap with almost no revenue attempting to rewrite its corporate purpose entirely. The plan requires shareholder approval and regulatory sign-off, but the proposal itself signals Arix Capital's intent to use the listed shell for an industrial pivot. The scale of the shift, from ₹4.81 lakhs in IT revenue to a manufacturing play, makes it one of the most extreme strategic reorientations in recent memory.

What we’re watching

• Shareholder vote at the June 9 EGM.
• Any regulatory hurdles to adding a new manufacturing object clause.
• Financial details on the proposed tungsten business.

The full read

Arix Capital is turning a nano-cap IT firm into a tungsten manufacturer. Netlink Solutions, which reported just ₹4.81 lakhs in annual revenue, has board approval to sell its Mumbai office and two cars, add a tungsten carbide manufacturing business, and relocate its registered office to Gujarat. Shareholders vote on June 9. The proposal is a fundamental rewrite of the company's purpose, executed immediately after the acquisition. For a firm with negligible revenue, the plan represents a bet that the listed shell has more value as an industrial vehicle than as a dormant IT company. The lack of any financial detail on the tungsten venture makes the proposal more aspiration than business plan.

Primary source: BSE · NSE