Micro cap
Orient Ceratech sheds windmill arm for ₹15.25 cr
The division contributed just 1.55% of revenue but 7.45% of net worth. Proceeds can reduce debt or fund growth; completion expected in six months.
AVG Logistics delays FY26 results; audit still incomplete
AVG Logistics postponed its FY26 results due to incomplete audit. No new date set. For a nano-cap with falling revenue, a delayed filing raises governance flags.
TV Today Network skips final dividend after profit slumps 76%
FY26 profit at ₹19.97 cr vs ₹82.72 cr prior — yield-oriented shareholders left empty-handed.
Riwind Green Energy FY26 loss widens; auditor warns on viability
Net loss of ₹68.45 lakh vs ₹25.22 lakh a year ago, zero operating revenue; qualified opinion flags unconfirmed borrowings of ₹255.28 lakh and going concern uncertainty.
Uma Exports promoter sells 0.53% stake worth ₹43 lakh
Sumitra Devi Khemuka reduces holding from 7.62% to 7.09% in open market trade on June 17; disclosure under insider trading rules.
3i Infotech renews NCDEX contract for ₹14.71 cr
The three-year managed services deal adds 2.1% to FY26 revenue and signals continued trust from a reputed exchange amid audit challenges.
Veer Global gets BSE nod for preferential issue, weighs rights issue
Nano-cap's board meets June 22 to convert ₹6.8 cr debt into equity at ₹85/share and evaluate a fresh rights offer. The move comes amid a ₹22 cr GST dispute and falling revenue.
Hilton Metal to raise ₹100 cr via QIP, almost its entire market cap
The board approved a QIP of up to ₹100 crore, roughly 85% of its ₹118 crore market cap, to fund a ₹720 crore defence order. The company had completed a ₹28 crore rights issue earlier this year.
Suraj Industries converts ₹25 cr loan to equity in subsidiary Carya
Board approved converting unsecured loan into shares of Carya Chemicals & Fertilizers, which reported ₹87.11 cr turnover in FY26 from its new bottling operations.
Meta Infotech targets 4x profit by FY29 after record ₹270 cr revenue
CEO Venu laid out a plan to quadruple net profit in three years, targeting a 10-15% PAT margin by shifting from products to services. Order book of ₹506 cr provides over two years of revenue visibility.
Rajoo Engineers completes machine shop upgrade, capex undisclosed
The Shree Yantralaya shop now houses 5-axis multitasking from Okuma, Huron, and Jyoti, enabling in-house production of complex extrusion components. No capital outlay or efficiency gains were disclosed.
Silicon Valley Infotech posts net loss, auditor flags capital shortfall
FY26 results show near-zero revenue and a net loss of ₹4.46 lakhs. Auditor qualified opinion cites failure to meet minimum net owned funds requirement. Negative net worth persists at ₹53.68 lakhs.
Sharika Enterprises to weigh fundraising options on June 23
Nano-cap engineering firm, deep in loss with negative net worth, will consider equity or debt. No size, no pricing yet.
Dugar family launches open offer for 26% of Colinz at ₹54/share
A mandatory open offer follows a share purchase agreement for a 34.56% stake, handing control of the nano-cap pharma company to the Dugar family for a combined ₹7.89 crore, over half its market cap.
Kotyark guides 15-20% revenue growth in FY27, plans 75% capacity expansion
Operating at just 7-8% of its 1,500 KLPD Rajasthan plant, the company eyes gradual utilization improvement and entry into export markets.
Switching Technologies board to restructure after promoter exit
A nano-cap with a ₹23 cr market cap, the company is formalizing a management overhaul and reviewing a business transfer deal.
Hiliks Technologies lands ₹95 cr order, more than double its market cap
The nano-cap's latest contract brings its order book to ₹165 crore, or nearly three times its own market capitalisation of ₹58 crore. Third major win in months.
BR Goyal lands ₹13 cr civil order at Ratlam industrial park
The ₹13.05 crore contract from LNJ Greenpet covers roads, drains and culverts at a Mega Smart Industrial Area, adding to an order book of ₹1,235 crore.
Retaggio puts ₹10 cr into Mumbai property, its biggest capital move yet
Board approves property purchase worth 8% of market cap; also converts eighth tranche of warrants
Mangalam Industrial's auditor resigned in May, then signed off June results
Mahesh Udhwani & Associates quit over non-cooperation but still cleared FY26 numbers. The company disclosed the resignation 35 days later, blaming oversight.
ICRA assigns initial rating to Manaksia Steels, matching CARE grade
Fresh ICRA rating for ₹500 cr bank facilities is an initial assignment, not a revision, and mirrors existing CARE ratings. Nano-cap market cap is ~₹453 cr, making rated facilities 113% of size.
Afloat promoter Rukmani Mittal sells 2.07% stake in two days
Rukmani Devi Mittal reduced her stake from 3.35% to 1.27% of Afloat Enterprises, days after fellow promoter Kiran Mittal sold 4.53%, as the nano-cap struggles with a 70% revenue drop in FY26.
VMS TMT promoters cancel ₹5.95 cr inter-se transfer
A proposed acquisition of 13,22,154 shares (2.66% stake) at ₹45 per share was withdrawn a week after being announced. No reason was given, leaving promoter shareholding unchanged.
Southern Magnesium faces ₹30 lakh GST notice, exceeds annual profit
The demand for alleged short payment of output tax over 10 months is material for the nano-cap. Its entire FY26 profit was just ₹12.6 lakh.
Maiden Forgings MD cuts peak revenue target, admits past mindset issues
Nishant Garg downgrades expanded capacity potential to ₹550-600 cr from ₹700-800 cr, flags internal problems before Oct '23, and lays out a ₹1,000 cr revenue roadmap by FY30.