Micro cap
Raghunath International posts halved PAT, auditor flags overdue debtors
Audited FY2026 results: PAT fell to ₹105.46 lakhs from ₹252.84 lakhs; qualified opinion on ₹28.86 lakhs in unprovided overdue debtors; emphasis of matter on unreconciled balances and inventory.
Manglam Global just took on debt worth 185% of its market cap
The ₹14 cr nano-cap also raised authorised capital by 33% and set ₹250 cr RPT limits. The new auditor appointment follows a resignation.
Abate AS consolidated revenue surges to ₹159.4 cr
Subsidiary consolidation drives consolidated revenue from ₹14.1 cr to ₹159.4 cr; net profit jumps to ₹12.3 cr.
VMS TMT insider buys 2.66% stake from fellow promoter at ₹45
Rishabh Singhi will purchase 13,22,154 shares from Varun Jain for ₹5.95 crore, a price near the 60-day VWAP. The aggregate promoter holding stays put.
BCPL bags ₹2.89 cr Eastern Railway order for capacitor banks
The nano-cap's third small win in a month adds to a growing order book, with ₹13 cr and ₹4.72 cr contracts already secured in June.
Resourceful Automobile loses second auditor; IPO proceeds untracked
Statutory auditor N G M K S & Associates resigned after less than a year, citing health but also flagging that the company failed to provide IPO proceeds utilisation details. The nano-cap has now changed auditors twice.
Mumbai Port orders IVP to pay ₹136.81 cr — 80% of its market cap
The estate officer's order turns a decades-old lease dispute into a concrete, company-sized claim. IVP's market cap is ₹173 cr.
Oswal Overseas is in insolvency over a ₹2.25 cr debt it couldn't explain away.
NCLT has frozen the sugar maker's assets and appointed a resolution professional. The defence collapsed.
JMJ Fintech's profit jumps 47% as its loan book swells 68%
Annual net profit rose to ₹7.60 crore, with the loan book expanding to ₹71.69 crore, showing strong growth on a very small base.
One promoter buys, two exit Mahaveer Infoway in ₹36 lakh reshuffle
Ashok Kumar Jain consolidated his stake to 34.65% by buying out two fellow promoters. The deal value is over 5% of the nano-cap's market capitalisation.
Duke Offshore's promoters sell out to Aspect Global for ₹20.87 cr
Aspect Global is buying the Duke family's entire 70.61% stake and making a public offer for another 26% at ₹30 a share. The combined price dwarfs the company's market cap.
Naturewings faces ₹66 lakh GST demand for Bhutan, Nepal packages
Kolkata tax authorities say the tour operator should have charged GST on international B2C packages. The demand equals 43% of last year's net profit.
Arabian Petroleum lands first ONGC contract, but margins halved in FY26
The lubricant maker grew revenue 32% to ₹375 cr, but EBITDA margins compressed from 6% to 4% due to commodity inflation and a strategic inventory build.
Nanta's earnings call adds little beyond its recent order win and AI targets
The June 5 transcript is a rehash of Q4 results and the ₹14.4 cr Connplex robot deal. No new numbers.
Evoq Remedies enters insolvency over a ₹1.95 cr oil advance it never delivered.
The NCLT has admitted the nano-cap into CIRP after Harbhole Agrotech sued over an unpaid advance for FSG Castor Oil. A moratorium is now in place.
RMC cuts its Pulse Box market size by 64% and extends order book timelines
Management now sees a ₹50,000 crore addressable market for the IoT solution, not the ₹1.4 lakh crore it cited earlier. Order delivery windows are stretching to two years.
Happy Square projects ₹200 cr revenue. That's five times its market cap.
The ₹41 crore company guides for 80% FY27 growth, betting on a single government order and AI-driven scale. Margins stay flat at 7%+.
Gujarat Inject lands ₹14.49 cr solar order, nearly 40% of annual revenue
Deon Energy's 16,129-module contract is the nano-cap's largest single order, a test of whether its solar pivot can scale.
Bandaram cuts Telangana textbook order to ₹27.7 cr, calls ₹37.4 cr figure a typo
The subsidiary's government contract shrinks by 26%. The order still equals over half the parent's market cap.
Anjani Portland Cement will now carry its parent's name
The board approved phasing out the 'Anjani' and 'Bhavya' brands for 'Chettinad'. The senior marketing executive is also moving to the parent company.
Dachepalli Publishers jumps into smart boards, partners with Wiki Kids
The educational publisher is adding interactive flat-panel displays to its digital toolkit. No financial terms were disclosed for the hardware push.
Veefin hires its first CRO to build a global sales machine.
Riddhi Dutta, who scaled Backbase 10x in Asia, now leads Veefin's international revenue push. The micro-cap is buying growth.
Afloat promoter sells ₹29 lakh of stock as revenue falls 70%
Kiran Mittal's stake drops to 5.07% after selling 230,000 shares. Another promoter has already pledged his full stake.
Promoter Bela Desai sold 1,50,000 Ironwood shares on the open market.
The sale trims the promoter group's stake by less than one percentage point in the nano-cap education company.
Narmada to redirect ₹7.7 cr from last year's rights issue
The board will consider changing the planned use of unspent proceeds from its September 2024 raise. No new plan is specified.