Micro cap
Minolta Finance withdraws record date for ₹49.5 cr rights issue
The cancellation, just days before a board meeting to revise terms, delays a capital raise worth over three times the company's market cap. New terms and timeline to be announced later.
Carnation promoter lands ED attachment order, company denies direct allegations
The provisional order pertains to foreign entities and FPIs. The nano-cap firm says no predicate offence has been alleged and business remains unaffected.
Minolta Finance to reconsider ₹49.5 cr rights issue
Board to meet June 27 to revise price, ratio, and record date. The earlier structure would have diluted holders by over 300%.
Aanchal Ispat promoter to infuse ₹8.65 cr via warrants, stake to hit 60%
The preferential issue of 10.55 lakh fully convertible warrants at ₹82 each comes on the heels of a ₹7 cr QIP, signaling strong promoter backing for the ₹42-cr nano-cap steel firm.
ED attaches promoter assets at Advik Capital. No charges yet.
The Enforcement Directorate issued a provisional attachment order against the promoter of this ₹79-crore NBFC. The company denies any predicate offence, but the cloud lingers.
Nila Infra loses appeal on ₹2 cr GST demand, vows to fight on
The Commissioner (Appeals) upheld a ₹2.03 crore input tax credit disallowance, rejecting Nila Infrastructures' appeal. The company will challenge before higher authorities and says the liability won't materially impact its finances.
Antariksh Industries mulls preferential issue — no size, no price
The nano-cap's board will meet on 26 June to consider a capital raise via equity. With near-zero market cap and declining revenue, any issue could dilute existing holders.
Kabra Extrusion loses battery head Arnab Saha, succession already in place
Arnab Saha, who built the Geon battery division, resigns effective June 23. Recent COO and CEO appointments for the energy storage business suggest a planned handover.
Mangalam Global mulls converting loans into equity, diluting shareholders
Board to meet June 26 to consider enabling resolution under Section 62(3). Terms conversion amount, price, share count yet undisclosed. Move could strengthen balance sheet at cost of earnings per share.
Ebix (ex-Eraaya) gets ED attachment order over FPI investments
Provisional attachment under PMLA, but company says neither it nor promoters are accused of any predicate offence. Operations continue normally.
Bacil Pharma board to mull fundraising options on June 26
Nano-cap with zero operating revenue calls a board meeting to consider preferential issue, rights issue, or other modes. No concrete details yet.
Gem Aromatics sets up Brazil subsidiary, commits up to ₹17 cr
Board approves WOS in Brazil for distributing essential oils and chemicals; total commitment of ₹17 cr exceeds 1.5% of market cap. Routine auditor reappointments also cleared.
Dhruv Consultancy: ₹100 cr Q1 orders, but CEO's guidance promise broken
A ₹55 cr market-cap consultancy with a #6 NHAI ranking lands ₹100 cr in Q1 orders—half its full-year target—but management credibility takes a hit after the CEO's no-more-adjustments pledge was contradicted by Q4 losses.
CARE cuts Compucom's outlook to Negative
The rating agency reaffirmed existing ratings but turned the outlook to Negative on ₹19.50 cr of bank facilities, citing heightened credit risk.
Afloat promoters sell more shares, stake drops to 18%
Pawan Kumar Mittal and Kiran Mittal unloaded 320,000 shares over two days, continuing a pattern that has shrunk promoter holding from over 29% to 18.14% in weeks.
Manoj Vaibhav Gems contests ₹5.84 cr GST demand over IPO ITC
The GST Commissionerate alleges irregular input tax credit on IPO expenses. The company plans to appeal and says the demand has no operational impact. The amount is just 0.8% of market cap.
Mangalam Organics names Manoj Mhapadi as new CFO as Rajule retires after 20+ years
Planned succession keeps finance leadership in-house; long-serving internal candidate takes over.
Innovision lands ₹7.73 cr NHAI contract, but smallest in recent streak
The Pileru-Puthalapattu toll award is less than 1% of revenue and 1.1% of market cap, a fraction of the ₹25-37 cr wins Innovision has been bagging this year.
PIGL wins ₹3.72 cr add-on order from Ajmer Vidyut
The additional work order brings the total contract under RDSS to ₹38.28 cr, extending revenue visibility for the nano-cap contractor over 15 months.
Lords Mark opens IVD plant two months early, expands capacity by 70%
The ₹67-cr nano-cap is moving beyond NBFC into diagnostics with a new Vasai facility and plans for cancer detection and AI-enabled devices.
Kalyani Cast-Tech to mull preferential issue on June 30
Board meets to consider issuing equity or convertible securities. No details on size, pricing, or purpose yet.
Purple Finance's ₹97 cr open offer gets RBI, SEBI clearances
Allied Commodities and Sandeep Jindal's mandatory offer for 26% at ₹55 per share opens July 1. Regulatory approvals remove key hurdle.
HP Adhesives profit slumps 62% after ₹25 cr fire loss at Khalapur plant
Net profit fell to ₹6.98 cr for FY26 as a January fire at Unit I caused a ₹24.98 cr exceptional charge. Revenue flat, Q4 saw a net loss of ₹2.37 cr. Dividend maintained at ₹0.40.
Aelea Commodities locks in ₹13.86 cr ECLGS loan for expansion
The facility, equal to about 4.4% of its ₹318 crore market cap, backs cashew-processing expansion and commodity diversification.
GTPL Hathway buys ACT's cable TV biz for ₹36 cr, adds 600k subs
Slump-sale acquisition brings ₹164 cr revenue at a modest multiple, diversifying into four states and partially offsetting recent subscriber losses.