Micro cap
TCI Industries raises ₹10 cr from promoters via 20-year preference shares
2,50,000 zero-coupon NCRPS at ₹400 each, no voting or dividends. A 7.2% of market-cap injection from inside the group.
Megastar fixes subsidy typo: ₹88.68 cr, not ₹881.86 cr
The 15-year electricity duty exemption was misstated. The correct maximum benefit is ₹88.68 cr, still 24.5% of market cap.
Jhandewalas annual report: known issues, no fresh surprises
FY25-26 report consolidates qualified opinion, CIRP status, and loan defaults already disclosed in prior filings.
Simplex Papers seeks nod to sell land from closed plant
The board wants shareholder approval to dispose of its only material asset — a land parcel in Gondia. No buyer or price yet, but for a ₹4-cr shell with zero revenue, it's the only move that matters.
Meta Infotech locks in ₹2.88 cr renewal from private bank
The nano-cap IT firm secures a one-year software license and maintenance renewal, adding to its record ₹270 cr annual revenue and confirming client stickiness.
Inventure files criminal complaint over name misuse
The nano-cap broker says its own finances are unaffected but faces brand risk from fraudsters using a similar name and fake bank account.
Dhara Rail nearly doubles profit on shift to direct railway bids
Revenue rose 27% to ₹56.74 cr and net profit hit ₹15.4 cr as 95% of the order book now comes from direct railway tenders, boosting margins. Order book at ₹184 cr.
Gauri Trading picks up 1.46% in Cranes Software for ₹50 lakh
A small non-promoter open-market purchase in a nano-cap with negative net worth and going-concern flagged auditor.
JOJO lands Dish TV deal for OTT pre-load on VZY Smart TVs
For a micro-cap with ₹766 cr market cap, pre-loaded access on a national connected-TV platform opens a new distribution funnel without separate subscriptions.
Namo Ewaste profit jumps 70%, sets ₹1,100 crore target
FY26 net profit hit ₹14.35 cr as revenue rose 29%. Company targets five-fold revenue increase with hydrometallurgy push and ₹60 cr capex. Battery recycling utilization must leap from 10% to 60-70%.
Wise Travel aims for 22-25% EBITDA margin in FY27 from 11.9%
Revenue rose 51% to ₹826 cr in FY26, but ₹47 cr depreciation cut PAT growth to 26%. Management sees fleet maturation driving margins higher next year.
Highway Infrastructure loses PMAY contract in Bhopal
Nagar Palika Nigam cancelled the order; value undisclosed. For a nano-cap with ₹341 cr market cap, any lost government work chips at visibility, but investors can't size the hit.
T.T. Ltd pockets ₹2.44 cr from warrant lapse, 8x last year's profit
8 lakh convertible warrants issued in Dec 2024 lapsed unexercised; upfront payment forfeited, providing a cash windfall equal to 1.39% of market cap for the nano-cap textile firm.
Mach Travel promoter doubles down with ₹6.5 cr share buy in a week
Amit Bhatia lifts total promoter holding above 74% via two open-market purchases, putting cash behind a string of recent government contracts.
Manba Finance enters South India with vehicle-financing partnership
The NBFC teams up with Sreesastha (Nammaloan) to launch two-, three-wheeler and used-car loans in Karnataka and Tamil Nadu, backed by a team with 100+ years of automotive lending experience.
Mini Diamonds lands ₹16.25 cr order from Aura Diamond
The domestic order for cut and polished natural diamonds is ~9.8% of market cap, due in four months with 150-day payment terms.
Niyogin Fintech gets stable outlook from CRISIL as it turns profitable
CRISIL revised its outlook to Stable from Negative on Niyogin's long-term debt, reaffirming 'BBB-'. Net profit of ₹5.1 crore in FY26 ends years of losses.
Punjab gives Megastar 15-yr power duty holiday; incentives exceed m-cap
100% electricity duty exemption from Nov 2024 covering ₹88.68 cr of fixed capital. Potential incentives up to ₹881.86 cr, more than double market cap of ₹373 cr.
Cranes Software: negative net worth, auditor flags going concern
Standalone loss widens to ₹2,005.57 lakhs; Bank of India declares promoters wilful defaulters. Company secretary Apeksha Nagori resigns.
SK International's operations revenue sinks 93%; auditor flags going concern
FY26 net loss of ₹29.67 lakh versus profit of ₹216.53 lakh last year. Unverified loans of ₹160.75 lakh and asset write-offs cast doubt on survival.
Sudarshan Pharma board to weigh fund raise on June 18
The micro-cap drugmaker will discuss equity, convertible, or debt options, but the size, structure, and pricing remain undisclosed — leaving dilution or debt risk unclear.
Kati Patang promoter entity re-acquires 19 lakh shares from collateral pledge
Virtual Software & Training Pvt Ltd gets back 3.68% shares pledged as loan collateral, boosting its holding to 6.58%. First disclosure of the arrangement removes encumbrance risk.
CLN Energy board to mull preferential issue on June 18
Nano-cap with ₹421 cr market cap may raise capital via equity or warrants; terms still unknown.
Lactose to forfeit 15 lakh warrants after SG General fails to pay
The board will consider stripping SG General Dealers LLP of its convertible warrants for non-payment. The move removes a potential dilution but also signals a counterparty default.
Concord Enviro arm bags ₹16 cr ZLD order from steel major
Subsidiary Rochem Separation Systems wins contract for wastewater treatment and zero liquid discharge systems at a cold rolling complex. Execution over 12 months adds to a ₹536 cr order book.