Notes archive.
Kaarya's auditor won't stand behind its ₹2 cr profit. There's a ₹7.58 cr GST hole.
A qualified audit opinion says Kaarya Facilities understated interest costs on unpaid GST and hasn't provided for staff gratuity. The company's entire market cap is ₹26 crore.
Mangal Compusolution posts 35% revenue growth, declares its first dividend post-IPO
The nano-cap IT equipment firm reported ₹34.02 cr in revenue and a ₹0.50 per share final dividend for FY26.
Times Green Energy raises ₹30 cr debt, more than its market cap
The nano-cap is issuing 48-month NCDs at an 18% coupon to fund a pivot into agricultural commodity trading.
Indian Acrylics' auditor flags going-concern risk as net worth turns negative
Full-year revenue fell 26% to ₹230 cr, but the core issue is a balance sheet with negative net worth of ₹147.68 cr. The auditor's warning questions the company's ability to survive the next year.
DroneAcharya's profit swing rests on a 57% revenue collapse.
The company turned a ₹13.47 crore loss into a ₹37 lakh profit. The top line shrank to ₹14.67 crore.
Indian Sucrose can't close its books. Auditors need more time.
The nano-cap sugar maker has pushed its annual results to June 5 after management and auditors flagged reconciliation issues. The trading window is closed until then.
Rex Sealing revenue climbs 9.7% but profit slips on higher costs
Top-line growth to ₹38.19 cr in FY26 was not enough to prevent a 6.6% drop in net profit as employee and operational expenses rose.
Haryana Financial Corporation posts a profit. The state is closing it down.
A ₹7.73 cr profit in the final year of operations. Auditors flag going-concern risk as liquidation begins.
Seya Industries posts ₹287 lakh loss with zero revenue as insolvency drags on
FY26 results for the insolvent chemical company are a procedural formality. Operations remain shut.
Concord Biotech profit drops 30% on 11% revenue fall
FY26 net profit fell to ₹259.23 crore as total income contracted, ending a growth streak. The board has proposed a ₹7.55 per share dividend.
Deco-Mica loses two directors for missing every board meeting for a year.
Gunjan Pandya and Nupur Modi never attended a meeting in 12 months, triggering a forced exit under the Companies Act. For a ₹26 cr market-cap firm, two simultaneous departures for negligence is unusual.
Yashhtej profit climbs 18% even as revenue shrinks, post-IPO equity base dilutes EPS
The February 2026 listing swelled reserves to over ₹90 crore but cut basic EPS from ₹14.17 to ₹7.94. New solar and manufacturing projects are now generating initial revenue.
GK Consultants' annual profit masks a ₹54 lakh Q4 wipeout
Revenue doubled to ₹1.33 crore for the full year, but the final quarter swung to a deep loss. The annual audit is clean.
Lumax Auto profit surges 47% to ₹337 cr, buys out last FAE stake
Full-year earnings grew faster than sales, suggesting tighter cost control. The board also bought the remaining 16% of its oxygen-sensor subsidiary for ₹1.92 crore.
Triliance Polymers: two years of zero revenue, no plan to change that
The nano-cap's entire income of ₹53.57 lakh comes from non-operating sources. Net profit fell to ₹23.23 lakh.
Accord Transformer's first results since listing: profit down 24%, IPO cash idle
The nano-cap's first full-year results show revenue fell 11% and 80% of the ₹25.59 crore IPO raise remains unspent.
Quest Capital's ₹23.5 cr profit erased by a ₹343.3 cr portfolio swing
A paper loss on the investment book turned a profit into a total loss for the year.
Sinnar Bidi's quarterly loss quintuples even as sales grow
The bidi maker's net loss widened to ₹36.88 lakh in Q4 as trade receivables swelled, straining its nano-cap balance sheet.
AA Plus Tradelink's revenue collapsed 60% in FY26
Audited results for the nano-cap confirm a business less than half its prior scale, with profit following the top-line down.
Real Eco-Energy's debt is three times its market cap. The profit is gone.
Full-year profit fell 44%. Borrowings jumped fourfold to ₹18.46 cr to fund long-term loans and advances.
Jubilant Ingrevia's call transcript quantifies a ₹3,500 cr CDMO pipeline
The verbatim Q4/FY26 call transcript provides the peak-revenue estimate for over 100 CDMO opportunities and details a hedge against customer stress.
ZR2 Bioenergy posts zero revenue, ₹1 cr profit from other income
Nano-cap ZR2 Bioenergy, amid a bioenergy pivot, reports no operational revenue for FY26. The ₹1 crore net profit came entirely from other income, confirming a pre-revenue transition state.
IL&FS Investment Managers posts profit, but auditors doubt it can survive
Fee income is gone. The going-concern warning is back for an eighth straight year. The board is paying a dividend anyway.
Kesar's auditors flag going-concern risk as NCLT hearing looms
FY26 losses narrowed to ₹48 crore but net worth is gone. A June 5 hearing on a ₹69.7 crore insolvency claim is the next test.
Vintage Coffee hits full capacity at new plant, eyes ₹550 cr freeze-dried expansion
New 4,500 MTPA capacity is already fully utilized. Management disclosed a ₹300 cr debt plan to fund the next ₹550 cr project.