Small cap
Ravindra Energy promoter pledges ₹111 cr more in shares
Second pledge in two weeks, just after a ₹205 cr rights issue. Latest pledge is 3.86% of market cap.
Saint-Gobain Sekurit gets a new CFO in a smooth handover
CFO Senthil Nathan resigns for family reasons; Vidya Shankar, a 16-year group veteran, steps in three days later. No other material reasons cited.
Bandhan MF buys into SH Kelkar, just crossing the 5% threshold
A ₹2 crore open-market purchase lifts Bandhan's stake to 5.0064% in the fragrance maker. For a ₹1,898 cr company, the signal is stronger than the money.
Quess grants 40,34,061 RSUs under QSOP 2026, CEO/CFO get performance-linked units
The board awarded approximately 3% of equity in restricted stock, including 5,00,000 performance-based RSUs for top executives. The move was widely anticipated and adds modest dilution.
Bharat Wire Ropes' main plant restarts after 8-day MPCB shutdown
Maharashtra Pollution Control Board reversed its June 9 stoppage order on June 17; production at Chalisgaon unit resumes. No material financial impact expected.
Creative Newtech to distribute Ravel's fire safety solutions in India
The partnership expands CNL's tech portfolio but no financial terms disclosed. Without quantified materiality, this is a routine distribution deal.
Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer
30,000 MT of basic grade pig iron to be shipped sight L/C, FOB basis, delivery by August 2026
Sanjay Chauhan buys 2.4% in Magellanic Cloud for ~₹40 cr
Non-promoter investor acquires 14.28M shares via open market, a material stake signalling confidence in the micro-cap IT firm.
Steel Exchange repays ₹15 cr more, cuts ₹86 cr since Oct
Cumulative debt reduction now ~25% of long-term debt. But at under 1% of market cap, the latest repayment is a routine credit positive, not a game-changer.
Man Industries lands ₹1,000 cr pipe orders; order book hits ₹4,100 cr
Orders from parent and Saudi subsidiary NPC, delivery within 6-9 months. The inflow is 22.5% of market cap and 29% of FY26 revenue, a surprise reversal after May's guidance cut.
Satin Creditcare to consider ₹5,000 cr NCD raise — nearly double its market cap
The microfinance lender's board will meet on June 23 to evaluate a debt raise worth 192% of its market capitalisation, dwarfing all prior issuances and signaling a potential strategic shift.
Utkarsh Small Finance Bank to raise ₹500 cr via Tier II bonds after ₹188 cr loss
Board meets June 20 to approve bonds worth 20% of market cap, backing a secured-lending pivot after a ₹188 cr Q4 loss.
RACL Geartech transcript adds timelines to known wins
The June 12 call confirmed ₹512 cr revenue and laid out production dates for Royal Enfield, Kawasaki, and BMW EV projects. Nothing new on numbers.
Abans Financial pledges ₹75 cr to ICICI for broker unit
The guarantee equals 7% of the parent's ₹1,022 cr market cap and creates a material contingent liability, the first such disclosure for the NBFC.
Nibe's Garudastra mortar hits target in Army demo, but no order yet
Vehicle-mounted 120mm system fired 12 rounds in 60 seconds from a two-man crew. A GPS/laser-guided round scored a direct hit on a 3-metre square target. The no-cost-no-commitment demo leaves revenue uncertain.
Bosch Home Comfort promoter to sell 7.2% in ₹226 cr OFS
The offer, at a floor price of ₹1,150, is aimed at meeting minimum public shareholding norms. The block sale could pressure the stock in the near term.
Sajid Malik's direct stake in Genesys jumps from 2.9% to 11% on intra-family transfer
The promoter received 33.65 lakh shares from his late mother via transmission. His direct holding rises over 8 percentage points, but total promoter group stake remains unchanged at 31.5%.
Blue Cloud pays 17 cr shares for Global Impx acquisition
The share swap at ₹21.93 each dilutes promoters from 38.5% to 31.4% and adds six subs in energy and microgrids. Deal value of ₹373 cr is 27% of market cap.
Protean e-Gov loses CTO with just one day's notice
Dattaram Mhadgut resigns citing personal reasons; last day is June 18. No successor named as company runs critical Aadhaar and tax infrastructure.
Afcom targets doubling revenue as fleet grows to nine by H2 2027
Each Boeing 777 freighter is expected to generate ₹75 crore monthly – three times a current 737-800 – and a ₹200 crore equity raise funds the expansion without further dilution.
HPL targets ₹1K cr C&I revenue as smart meter market widens
Record Q4 revenue above ₹500 cr followed by an aggressive FY27 C&I target of ₹1,000 cr. Smart meter TAM jumps to 31-32 crore units with a March 2028 deployment deadline.
Arfin India signs MOU with Japanese partners for titanium alloys
Arfin's subsidiary signed a non-binding MOU with Toyo Denka and JFE Shoji for technical support and distribution. For a micro-cap with ₹1,653 cr market cap, this partnership could open new markets.
Steel Strips Wheels pays ₹1.7 cr Customs notice before it's even issued
The show-cause notice for duty drawback and RoDTEP violations is for a negligible 0.05% of market cap. Company says no financial liability remains.
IFGL's Gujarat JV hits location hurdle, can refile
The greenfield JV with Marvels International Group stalled after the government closed its Press Note 3 application over location concerns. IFGL can reapply with a new site, but the timeline is now uncertain.
Rajesh Power wins ₹211.68 cr OPTCL order, enters Odisha
The EPC contract for a 220kV underground cable line is among the company's largest transmission orders, boosting visibility.