Micro cap
Siyaram Recycling lands ₹81.66 lakh Supreme Industries order
The fixed-price supply contract must be executed within seven days. It follows a ₹5.99 crore order last month, deepening ties between the nano-cap and the large plastics maker.
Avio Smart Market ties up with Intellecap to digitize farmer collectives
The non-binding MoU lets Avio offer its AVIO SMART platform to Farmer Producer Organisations via Intellecap's rural network. No financial terms disclosed, but the partnership adds credibility for the nano-cap.
Hexagon Nutrition board approves FY26 audited results, reappoints auditors
Board met June 30 to approve audited standalone and consolidated financials for the year ended March 31, 2026. No new business or guidance.
Avio Smart Market inks AI MoU with StandardWings for rural digital infra
Non-binding deal targets crop advisory, precision farming, and carbon MRV, but carries no financial commitment. Partner is a smaller private tech firm.
Lokesh Machines exits US sanctions list, removes key overhang
The OFAC SDN removal, effective June 30, 2026, unfreezes properties and restores access to the US financial system and international trade for the defence equipment maker.
Exato lands ₹10 cr in June orders; routine but adds pipeline
Domestic order of ₹6.66 cr and international deal of USD 0.39M. Execution spans 3-5 years. Follows ₹24.58 cr iQor win in May.
Global Surfaces slapped with ₹1.74 cr tax penalty over loan violations
The Deputy Commissioner of Income Tax alleged the company accepted loans outside banking channels in AY 2019-20. For a nano-cap already reporting losses, the penalty is over 20% of its latest annual profit.
Ashiana Ispat's FY26 results get qualified audit, going concern flag
After repeated delays, the board approvals come with an auditor's qualified opinion citing pending confirmations, insufficient documentation, and going concern uncertainty. Market cap: ₹14 cr.
Shipwaves Online lands $43k FleetMon order from UAE's OiLSERV
The three-year contract is a cross-sell to an existing client but represents less than 0.5% of revenue, making it financially immaterial for the nano-cap logistics firm.
Unisem moves ₹21.69 cr banking facilities to Karnataka Bank
The facility of ₹21.69 crores equals 36% of the nano-cap's market cap and 27% of FY26 revenue. Refinancing follows auditor qualification over MSME interest.
Wardwizard gets ₹16 cr ECLGS lifeline as stress deepens
The EV maker taps a government-backed scheme for working capital amid near-total promoter pledge and a planned ₹100 cr rights issue.
Hindustan Composites sells 84% of revenue in ₹370 cr slump sale to Rane Group
The company is selling its core friction business for ₹370 crore, which generated 84% of FY26 turnover. Rane (Madras) will acquire; proceeds partly to fund a special dividend.
Kiran Syntex to absorb Gujarat Kiran Polytex in 14.857:1 share swap
Merger creates a combined textile entity with ₹44.5 cr revenue and ₹7.6 cr net worth. Share count quadruples to 1.65 crore.
Arcee promoters sell 3.21% stake, holding falls to 21.37%
Promoters Ramesh Chander Gupta and Shruti Gupta sold 164,953 shares without giving a reason. For a nano-cap with ₹9 cr market cap, the reduction is material and signals weakening insider confidence.
RDB Infrastructure signs deal to take majority stake in solar cell venture
RDB Infrastructure will acquire a further 42.5% in Maxim Industries on top of its existing 29%, giving it control of a solar cell manufacturing plant in Chhattisgarh, though no cost or timeline has been disclosed.
Suvidhaa Infoserve's ₹12 cr rights issue dilutes 20% of market cap
The nano-cap fintech firm's board approved a rights issue worth 20% of its ₹60 cr market cap. Existing shareholders face significant dilution. BSE and NSE also fined the company for a compliance lapse.
Essex Marine lands ₹3.85 cr shrimp order in Japan, a tough market to crack
The nano-cap seafood exporter shipped 46 tonnes of premium Vannamei to Japan, a market known for rigorous quality checks. The order is 6% of annual revenue and marks a new export destination beyond China, Europe, and Israel.
VPRPL CFO steps down but stays; CS also exits
Amid a ₹131 crore quarterly loss and a junk rating, VPRPL's CFO Sarfaraz Ahmed resigns for health reasons but remains available. New CFO Vinod Kumar Pungliya appointed from July 6. CS Nitisha Jain also quits; Monica Purohit replaces her.
Photon CFO quits after change in control; exit was expected
Sreedhar Babu Kanuri resigns effective June 30, 2026, citing the recent change in control. The board has accepted the departure.
Race Eco Chain sells prime associate at a loss, gives up 54% of income
Company offloads 0.99% stake in Prime Industries for ₹88.53 lakhs, booking a ₹14.4 crore loss. The associate contributed 53.58% of consolidated income in FY26.
Gallops Enterprises loses company secretary, a nano-cap non-event
Payal Ravi Banwari resigns effective 30 June 2026 citing personal reasons. The firm, with ₹12 cr market cap and near-zero revenue, is unlikely to be affected.
Unihealth pushes 1,000-bed target to 2028, Uganda still 82% of revenue
Earlier commitments on geographic mix and a Tanzania syringe plant have been abandoned. EBITDA margins are set to compress from low-40s to mid-30s as new beds add costs.
Expo Engineering absorbs promoter firm in 22:1 share swap
The merger consolidates two engineering businesses under common control, raising promoter stake to 60.74%. The transferor is small, with ₹4.42 cr turnover versus ₹68.22 cr for the listed entity. Subject to regulatory approvals.
Kalyani Cast-Tech raises ₹18.8 cr via warrant issue to promoter group
Board approves 3.23 lakh convertible warrants at ₹582 each; 25% upfront signals commitment. EGM on July 28 for shareholder nod. The infusion is 3.86% of market cap and would dilute equity ~4.5% on conversion.
Shriram AMC loses senior fund manager Deepak Ramaraju
The resignation is personal and amicable, but for a ₹485 cr asset manager, any senior investment team departure bears watching.