Notes archive.
Race Eco Chain sells prime associate at a loss, gives up 54% of income
Company offloads 0.99% stake in Prime Industries for ₹88.53 lakhs, booking a ₹14.4 crore loss. The associate contributed 53.58% of consolidated income in FY26.
Gallops Enterprises loses company secretary, a nano-cap non-event
Payal Ravi Banwari resigns effective 30 June 2026 citing personal reasons. The firm, with ₹12 cr market cap and near-zero revenue, is unlikely to be affected.
Tata Communications installs new CTO, cloud chief in leadership reshuffle
CTO Genius Wong resigns; Rupesh Chokshi from Akamai takes over as CTO and network services head; Vivek Srivastava from Fortinet leads cloud and cyber security.
Unihealth pushes 1,000-bed target to 2028, Uganda still 82% of revenue
Earlier commitments on geographic mix and a Tanzania syringe plant have been abandoned. EBITDA margins are set to compress from low-40s to mid-30s as new beds add costs.
Expo Engineering absorbs promoter firm in 22:1 share swap
The merger consolidates two engineering businesses under common control, raising promoter stake to 60.74%. The transferor is small, with ₹4.42 cr turnover versus ₹68.22 cr for the listed entity. Subject to regulatory approvals.
Jubilant Pharmova's ₹53.37 cr tax setback
Income tax rectification order disallows brought-forward losses at subsidiary Jubilant Biosys, but the company says it will appeal and sees no material impact.
Kalyani Cast-Tech raises ₹18.8 cr via warrant issue to promoter group
Board approves 3.23 lakh convertible warrants at ₹582 each; 25% upfront signals commitment. EGM on July 28 for shareholder nod. The infusion is 3.86% of market cap and would dilute equity ~4.5% on conversion.
Maharashtra Seamless director quits executive role, stays on board
Pithelis Raj Santhanamarian steps down as whole-time director effective June 30, 2026, citing personal reasons. He remains as non-executive director, curbing disruption.
Morepen elevates Sanjay Suri to joint MD from July 2026
The internal re-designation formalises existing roles alongside brother Sushil Suri. No change in strategy or control.
Shriram AMC loses senior fund manager Deepak Ramaraju
The resignation is personal and amicable, but for a ₹485 cr asset manager, any senior investment team departure bears watching.
Gretex Corporate's Sales-VP Deepak Shah quits, effective June 2026
The micro-cap merchant banker loses a senior sales hand, but the departure is not C-suite. Impact likely limited given the role and smooth handover.
Paul Merchants' NBFC drops to Base Layer after asset shrinkage
Subsidiary moves from Middle to Base Layer as asset base falls below ₹1,000 cr following gold-loan business sale. Compliance burden lightens, operations unchanged.
BlackBuck promoter pledges 0.35% stake in first-ever encumbrance
Executive director Ramasubramanian Balasubramaniam has pledged 630,000 shares to 360 ONE Distribution. For a company with a ₹10,244 cr market cap, the quantum is negligible and carries no distress signal.
Himalaya Food's profit slips, rights issue swells equity base
Annual revenue and profit edge lower; equity capital jumps to ₹84.79 cr after rights issue. Clean audit, but no surprise for the nano-cap.
Tata Motors PV to host Helios Capital in virtual meet on July 3
A group meeting with analysts and institutional investors, including Helios Capital Management, has been scheduled. The agenda is undisclosed, but the presence of a well-known investor adds weight.
Master Trust promoters re-pledge 12.20% stake day after releasing it
Harjeet Singh Arora and Rajinder Kumar Singhania pledged 1.5 crore shares to ICICI Bank as collateral for a subsidiary loan, just one day after fully releasing an identical pledge.
Hexagon Nutrition board signs off on FY26 numbers, no surprises
The board approved audited results that were already disclosed. Auditor reappointments are routine. A non-event for the stock.
Hexagon Nutrition posts 42% profit jump in first post-listing year
FY26 audited numbers show net profit at ₹38.15 crore, revenue at ₹319.12 crore, beating prior-year levels in debut as a listed entity.
Sical Logistics sells Chennai land for ₹18 cr, executes resolution plan
The non-core asset sale, closed June 30, 2026, adds liquidity worth 2.5% of market cap for debt reduction or working capital.
Prestige launches ₹2,200 cr Mumbai phase, 17% of FY26 revenue
Phase 2 of Prestige Forest Hills brings 500 premium apartments. The GDV equals 16.7% of FY26 revenue, significantly boosting the pipeline.
Minolta Finance locks in ₹48 cr rights issue at ₹1.20, 4:1 ratio
The nano-cap NBFC finalises revised terms after withdrawing its record date last month. The offer equals over 300% of the current market cap and opens August 1.
Dhampur Sugar issues ₹100 cr CP at 7.15%, rolls over maturing paper
The 30-day paper placed with Kotak Mahindra Bank is 11.3% of market cap. It replaces a maturing CP of similar size, flagging continued reliance on short-term funding.
L&T Finance sets July 10 for Q1 results
Routine board meeting intimation for unaudited quarterly results; no financial details or guidance.
Aksh Optifibre wins NCLAT stay on insolvency, ₹3.33 cr repayment plan
Ten days after NCLT admitted the company into insolvency on a ₹2 crore claim, the appellate tribunal has paused proceedings, allowing the promoter to repay ₹3.33 crore over six weeks and retain control.
Spectrum Foods swings to ₹3.35 cr loss in March quarter
Revenue fell to ₹5.20 cr from ₹7.68 cr sequentially. Full-year profit was ₹0.29 cr.