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What matters at India’s listed companies
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Mon · 06 Jul
5
Finance - NBFC

Geetanjali Credit names MD as CFO; bigger troubles remain

Dharmendra Vyas adds CFO role to his MD hat, filling a casual vacancy. The nano-cap NBFC is still grappling with unverified loans and a tax demand larger than its ₹3 crore market cap.

GEETANJ Micro cap 3:40 PM
7
Engineering - Construction

Madhucon wipes out ₹31.44 cr PNB default, reports zero dues

Madhucon Projects cleared a ₹31.44 crore default to Punjab National Bank disclosed for March 2026. As of June 30, it reports nil defaults, with total indebtedness of ₹153.81 crore but no fund-based borrowings outstanding.

MADHUCON Micro cap 3:34 PM
6
Trading

Arvaya Healthcare to weigh acquisition, fundraise on July 11

The nano-cap will consider buying Sushodha Institute of Gastroenterology, approval of related party transactions with its new ED, and a rights issue and preferential share swap. No terms disclosed.

BIJHANS Micro cap 3:21 PM
5
Credit · Steel & Iron Products

Fitch lifts JSW Steel rating, opens door to investment grade

Proceeds from the ₹37,300 crore JV asset sale brought debt-to-EBITDA below 2.7x. A sustainable sub-2.0x could trigger a second upgrade to BBB-.

JSWSTEEL Mega cap 3:09 PM
5
Order Wins · Engineering - Industrial Equipments

Admach Systems nabs ₹94 lakh NDT order, total order book at ₹82 cr

The domestic order for non-destructive testing equipment comes with 30% advance; order book exceeds annual revenue.

ADMACH Micro cap 2:58 PM
6
Credit · Media & Entertainment

Aqylon Nexus eyes 51% stake in E Trav Tech, fundraise, and business pivot

The micro-cap with zero sales last quarter will weigh a share-swap acquisition and a fundraising on July 9. The agenda also includes changing the company's main object, signalling a strategic overhaul.

AQYLON Small cap 2:56 PM
5
Finance - NBFC

AYE Finance AUM rises 28% to ₹7,329 cr, GNPA eases to 4.57%

The micro-enterprise lender added 44,736 new borrowers (up 38% YoY) and improved GNPA by 20 bps QoQ. Management expects accelerating asset-quality gains through FY27.

AYE Small cap 2:38 PM
7
Order Wins · Metal - Non Ferrous

Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova

The seven-day-execution domestic order is the latest in a string of small-ticket wins for the nano-cap brass recycler, adding near-term revenue visibility.

SIYARAM Micro cap 2:33 PM
7
Aquaculture

Zeal Aqua lands third ECLGS loan, ₹5.47 cr from Axis Bank

The nano-cap aquaculture firm has now raised its third ECLGS loan in two months, adding to working capital support.

ZEAL Micro cap 2:31 PM
5
Consumer Food

Kwality Wall's parent opens R&D centre in Bengaluru

The Magnum Ice Cream Company's 13,000 sq ft innovation hub in Whitefield aims to accelerate product development for Kwality Wall's brands, but carries no immediate financial impact.

KWIL Mid cap 2:26 PM
8
Chemicals

Tanfac Industries raises ₹173 cr via preferential issue, promoter ups stake

Anupam Rasayan India's holding to rise to 26.07% from 24.26%, signaling confidence. Issue separate from recent ₹250 cr QIP.

TANFACIND Small cap 2:19 PM
6
Electric Equipment

Accord Transformer wins Aditya Birla Renewables vendor approval

The nano-cap can now bid for solar, wind, and hybrid projects from a blue-chip renewable developer. No order value attached yet.

ACCORDTS Micro cap 2:05 PM
5
Lubricants

Panama Petrochem buys Mumbai office space for ₹41.59 crore

The lubricant maker acquires four units in Khar West for office use. At 1.6% of market cap, the outlay is modest and non-strategic.

PANAMAPET Small cap 1:43 PM
5
Alcoholic Beverages

UBL schedules Aug 4 board meet for Q1 results

Standard procedural notice with no preliminary numbers or guidance. Trading window closed since July 1. The actual release is the next test.

UBL Large cap 1:32 PM
8
Order Wins · Compressors / Pumps

GK Energy converts ₹235.92 cr solar pump empanelment into firm order

MSEDCL confirms a ₹235.92 crore order for 10,000 off-grid solar pumps, converting a previously announced letter of empanelment. The order is ~13% of FY26 standalone revenue.

GKENERGY Small cap 1:31 PM
6
Concalls · Consumer Food

NFP Sampoorna Foods posts 43% growth, sets ₹60-65 cr FY27 target

FY26 EBITDA margin expands to 18% from 4.89%. Management guides for >70% manufacturing revenue growth in FY27, but flags commodity and freight risks.

NFPSAMPOOR Micro cap 12:39 PM
6
IT - Software

Methodhub Software bets on pharma AI with Datafoundry tie-up

No deal value disclosed, but it's a strategic move beyond core IT services.

METHODHUB Micro cap 12:33 PM
10
Order Wins · Engineering - Construction

Faalcon lands ₹101.93 cr order, 3.4 times annual revenue

The nano-cap engineering firm wins a binding contract for aluminium glazing work on a Noida commercial tower, executed over three years. The order dwarfs its entire revenue base.

FAALCON Micro cap 12:29 PM
5
Agriculture

Naturite Agro non-promoter sells another 3.52% stake in two weeks

Y Siva Dharma Teja has trimmed his holding by over six percentage points to 8.78%, with no explanation. The nano-cap stock is thinly traded and the company lately reported a net loss.

NAPL Micro cap 12:24 PM
5
IT - Software

Ceinsys Tech forms JV with US partner to chase sovereign AI deals in India

Board approves ₹25 cr initial investment for 50:50 joint venture with AI Fabrik; outlay is just 1.29% of market cap and JV remains exploratory with no near-term revenue.

CEINSYS Small cap 12:18 PM
5
Lubricants

Panama Petrochem fires up new Ambernath units

The new petroleum speciality products plant is now operational, following a factory licence granted last month. No capacity or revenue guidance provided yet.

PANAMAPET Small cap 12:16 PM
7
Engineering

Organic Recycling Systems approves 1:2 bonus issue

The board of the nano-cap waste-to-energy company clears a 1:2 bonus, capitalizing ₹5.20 crore from reserves. The signal is confidence, though fundamentals stay unchanged.

ORGANICREC Micro cap 12:06 PM
8
Order Wins · Water Management

Enviro Infra lands ₹126.78 cr Varanasi STP order under Namami Gange

The new project at DDU Nagar adds about 11% to revenue and comes with in-principle financing. A second, larger Lohta plant was already disclosed.

EIEL Small cap 11:55 AM
5
Finance - Investment

RR Financial's company secretary quits, stays until Aug'26

Ayushi Singh resigns for personal reasons; the nano-cap with falling revenue now faces another key personnel change.

RRFIN Micro cap 11:52 AM
7
IT - Software

Veefin lands Bank of India as lending partner on PSB Xchange

PSB Xchange, the joint digital lending platform Veefin helped build, adds a big public sector bank. No financial details yet, but the partnership boosts the platform's credibility.

VEEFIN Micro cap 11:37 AM