Tipsheet
What matters at India’s listed companies
Archive / Small cap / Page 6

Small cap

Thu · 02 Jul
8
Transformers

Indo Tech promoter sells another 2 lakh shares, unencumbered stake at 12%

Shirdi Sai Electricals sold 2,00,000 shares on June 30, a day after a 3,00,000 block, reducing promoter holding to 70.29%. Only 12.36% of equity is now free of pledges.

INDOTECH Small cap 9:15 AM
5
Banks

ESAF SFB loan growth hits 27% in Q1; CASA mix slips to 23.39%

Provisional Q1 figures show advances at ₹23,216 cr and total business crossing ₹51,141 cr, but the deposit mix worsened, signalling margin pressure ahead.

ESAFSFB Small cap 8:20 AM
7
Pharmaceuticals

Gujarat Themis promoter stake is now tied to third-party debt

CTL Trusteeship discloses indirect encumbrance of the entire 47.02% promoter holding to secure debentures of OSS Software Solutions Labs, a previously undisclosed development that exposes the controlling block to enforcement risk.

GUJTHEM Small cap 8:19 AM
8
Credit · Pharmaceuticals

Themis Medicare promoter pledges 27.49% stake for outside entity's debenture

Vividhmargi Trust created a pledge over 2,53,17,620 shares (27.49% of Themis Medicare) in favour of CTL Trusteeship for a debenture issuance by OSS Software Solutions Labs.

THEMISMED Small cap 8:14 AM
8
Regulatory · Educational Institutions

Shanti Educational promoters get 4-year market ban, ₹5 lakh penalty

SEBI bars Vedprakash Chiripal and Savitridevi Chiripal from dealing in securities for four years over regulatory violations. The company downplays the impact but the ban raises governance red flags.

SEIL Small cap 4:14 AM
Wed · 01 Jul
7
Hotels & Restaurants

Apeejay Park Hotels gets ₹41 cr tax demand – 62% of FY26 profit

The Income Tax Department raised a ₹41.07 crore demand for AY 2024-25, equal to 62% of last year's consolidated net profit. The company says it will appeal and expects no material impact.

PARKHOTELS Small cap 10:55 PM
8
Order Wins · Railways

Texmaco lands ₹98 cr new wagon order, JSW contract firmed up

Texmaco receives a fresh ₹97.88 cr order from Sushila Transport while the earlier ₹253 cr JSW LOI becomes a binding contract. Private-sector demand remains intact.

TEXRAIL Small cap 10:44 PM
8
Microfinance

Suryoday lands ₹387 cr CGFMU claim – 20% of its market cap

The small finance bank received the full guarantee payout in July, a cash injection that can directly boost Q1 profit and capital ratios. At 20.8% of market cap, the sum is extraordinary even if the bank calls it routine.

SURYODAY Small cap 9:45 PM
5
Consumer Food

ADF Foods gets ₹20 cr tariff refund from US Supreme Court ruling

US subsidiary receives $2.1 million refund from customs; one-time exceptional item to boost near-term earnings but modest relative to scale.

ADFFOODS Small cap 7:05 PM
8
Plastic Products

Polyplex keeps 51% in Thai unit, forgoes ₹158 cr

Polyplex's board turned down a mandatory tender offer for its 51% stake in its Thai step-down subsidiary, forgoing up to ₹158 crore in cash.

POLYPLEX Small cap 6:57 PM
7
Textile

Faze Three lands PLI approval for MMF fabrics, technical textiles

Micro-cap textile maker gets government nod for incentive on incremental sales. Quantum not yet disclosed, but for a ₹1,460-cr company, the boost could be meaningful.

FAZE3Q Small cap 6:28 PM
5
Engineering - Construction

SEPC board to mull preferential issue for non-cash consideration

The board will meet July 6 to consider a fund-raise via preferential securities for consideration other than cash, but no details on size or pricing yet.

SEPC Small cap 6:19 PM
7
Media & Entertainment

Media Matrix cuts guarantee to nexG by ₹20 cr to ₹50 cr

The revised guarantee to Yes Bank for its 56.78%-owned subsidiary reduces contingent liability by ₹20 crore, or approximately 1.35% of market cap.

MMWL Small cap 5:54 PM
5
Fintech

Zaggle empanelled by Canara Bank, no revenue terms disclosed

Two-year empanelment effective June 30, 2026 opens a channel to offer Zaggle's products to the bank's customers, but carries no guaranteed minimum revenue or order size.

ZAGGLE Small cap 5:08 PM
8
Trading

iValue Infosolutions loses its 10.43% holder Sundara Mauritius

The non-promoter foreign entity sold its entire 5,698,416 shares in the open market, removing a large block and injecting supply into the micro-cap stock.

IVALUE Small cap 5:02 PM
6
Credit · Banks

Jana Small Finance Bank's ratings on watch after promoters restructure ₹420 cr debt

India Ratings flags heightened credit-risk perception even though the bank itself has no cross-default. The promoters extended their NCDs and plan to cut stake below 10%.

JSFB Small cap 5:01 PM
6
Banks

Dhanlaxmi gold loans surge 76% YoY, extending FY26 trend

Gold loans hit ₹7,105 cr in Q1FY27. Gross advances up 26.47%, deposits up 17.10%. A routine update with no new strategic surprise.

DHANBANK Small cap 4:39 PM
9
Order Wins · Pharmaceuticals

Sai Parenterals locks in ₹1,300-cr Australian OTC deal, 3.4x annual revenue

The 7.5-year exclusive supply contract validates the Noumed acquisition and provides transformational scale for the ₹2,586-cr market-cap company.

SAIPARENT Small cap 4:38 PM
5
Fintech

Zaggle lands HPCL loyalty deal, but the cheque is blank

Five-year partnership with India's second-largest oil marketer to power Drive Track Plus rewards. Revenue is entirely usage-based, so the potential is real but the number isn't there yet.

ZAGGLE Small cap 1:28 PM
7
Credit · IT - Software

GHV Infra lands three-notch credit upgrade from Acuité

Long-term rating raised to A from BBB-; short-term to A1 from A3. The move improves credit profile for the micro-cap with ₹1,514 cr market cap.

GHVINFRA Small cap 12:39 PM
6
Software Services

Digitide gets ₹19.76 cr tax refund, says 'no impact'

Income Tax Department sanctioned a ₹19.76 crore refund for AY 2025-26. The micro-cap says the receipt won't affect financial or operational activities.

DIGITIDE Small cap 12:20 PM
8
Transformers

Indo Tech promoter sells another 3 lakh shares, unencumbered stake at 14%

Shirdi Sai Electricals sold 3,00,000 shares, cutting its holding to 72.18%. With 57% of promoter holding still pledged, the unencumbered portion now stands at just 14.25%.

INDOTECH Small cap 11:51 AM
6
Finance - NBFC

SG Finserve's loan book jumps 82% YoY to ₹4,551 cr in Q1

Provisional loan book up 16% QoQ, well above 25-30% CAGR guidance. Final results pending audit.

SGFIN Small cap 11:33 AM
6
IT - Software

Route Mobile ties up with Truecaller for verified business messaging

The partnership gives enterprises access to Truecaller's 500 million monthly active users, but no financial terms or revenue impact were disclosed.

ROUTE Small cap 11:02 AM
8
Steel Pipes

Goodluck India promoters sell 2.45% stake, holding drops to 54%

The Garg family and HUFs offloaded 813,684 shares in open market on June 29, the largest single-day promoter divestment in recent filings.

GOODLUCK Small cap 10:39 AM