Micro cap
Vamshi Rubber board to vote on selling core retreading business
The board will meet on July 8, 2026 to consider a proposal to sell the entire retreading segment. The move follows a strategic review that flagged asset sales.
Vandan Foods pledges 94% of its market cap as guarantee to unrelated party
For a company with **₹20 cr** market cap and losses, a **₹17.85 cr** contingent liability to Bank of India for Pharmearth is a huge bet with no apparent benefit.
Sayaji Hotels lands management mandate for 108-room Varanasi property
The 'Effotel by Sayaji' property in Varanasi adds to the company's asset-light management portfolio, continuing its northern India expansion without disclosed financial terms.
DIC India names Deputy CEO — but she doesn't start for a year
Manjusha Singh, Head of Sales & Marketing, named Deputy CEO effective July 4, 2026, as DIC India prepares for CEO departure in August. A non-statutory role hinting at internal succession.
Ind Bank Housing swings to ₹387.54 lakh profit in Q1, but wind-down continues
A surge in other income and a prior-year tax credit turned a loss into a profit. But the company, stripped of its RBI license, remains in asset-recovery mode with a going concern warning.
Julien Agro swaps executive director pick; adds five board members
The nano-cap engineering firm appoints three independent directors and two executive directors, replacing one previously proposed nominee in a routine board shuffle.
7NR Retail promoter exits completely, seeks reclassification
Umang Trivedi, who sold down to 0%, formally asks exchanges to be treated as a public shareholder.
Shipwaves CFO quits; promoter takes over finance role
CFO Zeeshan Habibi resigns effective 6 July 2026, citing time constraints; company secretary also leaves. Promoter Sahim Haris steps in as new CFO.
Cargosol ups FCCB plan to $15M, six times its market cap
Board approves raising $15 million through foreign currency convertible bonds, up from $10 million. The fundraise is roughly six times the company's ₹21 crore market capitalisation.
Super Iron Foundry takes ₹20.71 cr in govt-backed loans: 20% of market cap
The nano-cap has secured ₹9.71 cr from UCO Bank and ₹11 cr from Bank of India under ECLGS 5.0, repayable over 60 months. The loans are secured against land.
Hindustan Tin Works faces ₹1.60 cr entry tax demand
The assessment order for AY 2015-16 under Haryana Entry Tax raises questions about tax disputes, though the company expects a favourable outcome and the amount is modest relative to its ₹112 cr market cap.
NCLT confirms Tridev Infra capital reduction, shares to halve
Scheme reduces paid-up value per share to ₹5, consolidates 2:1, writes off ₹3.83 cr accumulated losses; no change in ownership ratios.
Pajson Agro adds ₹30 cr HSBC facility, doubling credit headroom for cashew expansion
New HSBC facility gives Pajson ₹30 cr in working capital, including a ₹20 cr letter of credit, as it scales cashew processing. Adds to existing ₹27.5 cr Kotak line.
Classic Leasing says audit is clean despite ₹316 cr liability flag
The company filed a declaration stating an unmodified audit opinion, directly contradicting its auditor's qualified report on a massive contingent guarantee to insolvent Kohinoor Steel.
Desi Farms India ends FY26 with zero headcount, auditor cites three issues
A N K H & Associates gave an unmodified opinion but noted a complete management overhaul, all employees separated, and a ₹50,000 tax treatment that could be challenged.
Desi Farms finally posts audited FY26 results, auditor flags zero headcount
After months of delays, the nano-cap logistics firm reports minimal revenue with a complete management change and no employees left.
Everest Industries scraps ₹138 cr Assam plant amid losses
The subsidiary abandons a fibre cement boards plant approved in 2025, surrendering land and writing off ₹10.90 crore. The capex was 18% of market cap.
Everest Industries pulls ₹125 cr steel plant, second capex cancellation in days
Barely a week after scrapping a ₹138 cr Assam unit, Everest's subsidiary abandons a ₹125 cr Andhra steel plant. The parent lost ₹100 cr last year.
Cressanda Railway impersonated via fake domain by ex-employee, vendor
Ex-employee, IT vendor created fake domain to impersonate Cressanda to key clients. Company alerted clients, terminated access, filing criminal complaint.
Davangere Sugar's FCCB could flood 264 cr shares at ₹3.60
The USD 100M bond issue, netting USD 85M at a 15% discount, would massively dilute a ₹513 cr micro-cap.
Davangere Sugar's ₹952 cr FCCB plan risks massive dilution
The micro-cap sugar company is raising nearly double its market cap via FCCBs convertible into 2,645 crore shares at ₹3.60 each, overwhelming existing equity.
Market Creators promoter Kalpesh Shah's stake jumps to 21% after transmission
Kalpesh J Shah acquired 20.19% of the company via off-market transmission and a gift, taking his holding from 0.87% to 21.06%.
Accord Transformer spends ₹10.67 cr on Rajasthan land for expansion
The nano-cap transformer maker allocates 9% of its market cap and half its idle IPO cash to a 20,300 sqm land parcel, betting on EV charging infrastructure demand.
Spice Islands signs ₹350 cr related-party deal, bigger than its market cap
The nano-cap textile firm's board cleared a ₹350 crore transaction with Chapra Capital Ventures, exceeding its entire market value of ₹333 crore, alongside a 1:5 share split and a JV.
7NR Retail plans share-swap buyout of jewellery firm
The nano-cap textile trader will acquire 100% of Cultureantique Jewellery via a share swap. The board meets July 8 to approve the valuation and seek shareholder ratification.