Micro cap
India Ratings cuts Kuantum to 'IND A-' after profit sinks 64%
One-notch downgrade hits ₹1,070 cr in bank facilities; net profit fell 64% in FY26, guidance slashed, projects deferred.
Hittco Tools to weigh share capital increase
Nano-cap manufacturer's board will meet 15 July. No amount or use-of-funds disclosed. Trading window closed.
Sylph loses CFO and three directors overnight
Four key exits in one board meeting for a ₹36 crore nano-cap; reasons undisclosed.
RBI cancels Williamson Financial's NBFC licence, firm left with no business
RBI revoked Williamson Financial's NBFC registration under Section 45-IA, effective June 22. The company, with zero revenue and negative net worth of ₹366.76 cr, can no longer operate as an NBFC.
Premier Synthetics resubmits FY26 results, nothing changed
The micro-cap spinning company corrected a discrepancy in its earlier filing. The statutory auditor's opinion remains unmodified; no numbers were revised.
Raunaq lands ₹18 cr pipeline orders from Ambuja, worth 50% of revenue
Two letters of award from Adani's cement arm cover raw water pipelines at Chandrapur. For a ₹9 cr market-cap company with declining sales, this is a structural derisking event.
Twamev promoter entity sold 1.07% in June without telling anyone
Upendra Singh Constructions dumped 16.52 lakh shares in June; the company found out after the fact. The sale crosses the materiality threshold and deepens governance concerns at the nano-cap builder.
Vaxfab's auditor refuses to sign off on FY26 accounts
Chandabhoy & Jassoobhoy issued a disclaimer citing inadequate books and missing confirmations, questioning the reliability of the financials.
Exhicon promoter puts ₹23.95 cr into warrants
Promoter Mohammad Quaim Syed to get 5 lakh warrants at ₹479 apiece, convertible in 18 months. The ~3.3% equity raise signals confidence but needs shareholder nod.
Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft
Fixed-cost domestic contract must be executed within seven days. New counterparty adds diversification, though order is modest against ₹362 cr annual revenue.
Austere lands ₹1.86 cr HDFC Bank order, 8.3% of FY26 revenue
Nano-cap IT firm wins MIS implementation mandate from India's largest private bank. Order size is material relative to revenue, strengthening growth outlook.
Solarium Green Energy gets ALMM nod, opens door to government solar tenders
The nano-cap module maker's 1.23 GW plant is now on MNRE's approved list. With an order book already double its market cap, regulatory clearance lets it convert pipeline into revenue.
Asahi Songwon appoints Maulik Shah as CFO; routine governance move
The nano-cap dyes maker fills the CFO role with a chartered accountant having over 20 years' experience, effective July 7, 2026. No controversy or strategic shift accompanies the appointment.
JD Cables fires up Dankuni conductor unit with 28,000 km capacity
Production started at the new Dankuni plant, adding 28,000 km of annual capacity. The expansion targets rising infrastructure demand.
Hexagon Nutrition directors quit after selling all IPO shares
Executive director Subhash Kelkar and non-executive Aditya Kelkar step down, bound by non-compete pacts signed in April 2026.
Golden Legand sets up unit for digital payments, seeks PPI licence
The nano-cap lender incorporated Gullakkart Private Limited to apply for RBI's PPI licence. The move is a concrete step in its digital pivot, but no licence yet.
Euro Panel's EUROBOND lab wins expanded NABL certification
India's only ACP brand with 51-parameter in-house accreditation could aid export competitiveness, but near-term earnings impact is minimal.
Sattrix lands ₹9.30 cr three-year cybersecurity contract from PSU bank
The managed security services deal covers a cyber defence centre for a leading public sector bank, adding about 15% to FY26 revenue and deepening BFSI presence for the nano-cap firm.
SBEC Sugar borrows ₹5 cr more as debt dependence deepens
The nano-cap sugar company taps the same external lender for a fresh unsecured loan, just weeks after closing a ₹10 cr facility and securing a ₹100 cr promoter loan.
South West Pinnacle lands ₹166.82 cr Reliance CBM extension
The contract is worth 68% of FY26 revenue, requires no new capex, and revenue flows from Q2 FY27. Reliance as counterparty adds credibility, but recent promoter selling and warrant dilution temper the outlook.
Mayank Cattle Food approves 1:1 bonus, doubles outstanding shares
The board on July 7 approved a 100% bonus issue at a 1:1 ratio, capitalising ₹5.40 crore from retained earnings. Authorised capital goes from ₹6 crore to ₹12 crore.
Shanmuga Hospital lands CGHS empanelment for 3 years
For a nano-cap with a ₹48 cr market cap, the government tie-up opens a steady patient stream and adds credibility.
Concord Enviro CFO Anish Goel resigns, no successor named
The CFO will step down on July 31, 2026, for another opportunity. The company has not named a replacement, creating financial leadership uncertainty.
Panasonic Energy India's sole plant hit by fire, production halted
A blaze broke out on July 5 at the Pithampur facility in Madhya Pradesh. No injuries, but a production line is damaged and the factory partially closed until restoration is complete.
Rotographics to consider stock split, capital increase on July 10
The nano-cap's board will also discuss seeking shareholder approval. The move follows an auditor flagging missing records in May.