Notes archive.
Pocl Enterprises shuts trading window ahead of acquisition board meet
Trading window closes June 29 for a July 1 board meeting to consider an acquisition, in addition to approving Q1 results. The move follows Pocl's recent ₹12.46 cr purchase of 51% of Trichy Metals.
Crest Ventures' unit signs Dadar redevelopment pact in ₹2,200 cr cluster
Subsidiary Sutlej Housing inked a development agreement with one society in a prime Mumbai cluster. The full project's GDV dwarfs Crest's market cap, but its own slice remains undisclosed.
Chambal Breweries approves merger with Invade Agro
Swap ratio: 5 Invade shares for every 2 Chambal shares. Invade Agro is over 300 times larger by net worth (₹303 cr vs ₹87 lakhs), offering a dramatic upgrade for shareholders.
IVP's Tarapur unit shut by MPCB on pollution violations
Maharashtra Pollution Control Board orders immediate closure of IVP's manufacturing unit at Tarapur, Palghar. The company is already contesting a ₹136.81 crore eviction order from Mumbai Port Authority.
Rajkamal Synthetics CFO resigns with immediate effect
The director and CFO of the ₹18 cr nano-cap company stepped down on June 28, citing personal reasons, with no successor named. The sudden departure raises governance concerns.
Starlineps bets ₹350 cr on solar startup Celloraa
Diamond trader approves ₹350 cr investment, ₹160 cr stake purchase, and up to ₹1,000 cr guarantees in Celloraa. Still subject to shareholder vote.
Samsrita Labs board to mull capital rejig; share cancellation on table?
The nano-cap healthcare firm, with no operating revenue and Rs 11 cr in losses, will meet on 4 July. Prior reports point to a share cancellation to wipe out accumulated losses.
Yes Bank board clears up to ₹7,500 cr equity raise, ₹8,500 cr debt
The enabling resolution allows equity via QIP or preferential issue and debt in rupees or foreign currency, with aggregate dilution capped at 10% of expanded capital. Shareholder nod needed at AGM on August 19.
India Pesticides faces ₹7.09 cr tax demand from search raid
The income tax demand for FY18-25 arises from a December 2024 search operation. Company says demand is not tenable and will appeal, with no material impact expected.
Ducon sees ₹10,000 cr FGD pipeline, but sales just ₹101 cr
The mandatory FGD program could fuel orders, but the small-cap firm hasn't shown sustained revenue growth. No hard targets were given. Execution remains the open question.
Integrated Proteins loses MD with immediate effect
Karanj Doshi quits abruptly on 29 June, citing personal reasons. Nano-cap with ₹279 cr market cap, revenue down 73.5%, left without a successor.
Insolation backs ₹347 cr guarantee for 22 solar subsidiaries
The guarantee equals 14% of market cap and over 16% of annual revenue, adding a sizable contingent liability alongside project execution progress.
Milgrey Finance seeks ₹60 crore rights issue, 60% of market cap
The nano-cap's rights issue could nearly double its equity base. With trailing ROE of 0.1%, it's a high-stakes move.
Oil India widens authorised capital to ₹5,000 cr, no immediate issue
Board recommends tripling authorised share capital from ₹2,000 cr to ₹5,000 cr. The move is enabling, not dilutive. No equity plan announced.
SIS board approves fifth buyback of up to ₹120 crore at ₹478.50
Buyback at 1.95% of market cap signals confidence. Director continuation routine. Final approvals pending.
Mangalam Global appoints Reena Wagh as Whole-Time Director
The appointment, subject to shareholder nod at the July 27 AGM, follows the former MD's redesignation. Compensation and strategic mandate remain undisclosed.
Medico Remedies' credit line more than doubles to ₹42 cr, rating reaffirmed
CRISIL reaffirms BBB-/Stable while enhancing rated facilities by ₹23 cr, a key capacity move for a nano-cap exporter with 37% revenue growth.
TNPL operations chief quits after 13 months, effective June 2026
Yogendra Kumar Varshney resigns as ED (Operations) and CRO citing personal reasons. No successor named. Long notice period points to planned transition.
Omega Ag-Seeds to weigh rights issue as big as its market cap
The nano-cap seeds maker called a July 2 board meet to discuss fundraising via equity, with prior signals pointing to a ₹8 cr rights issue, equaling the company's entire ₹7 cr market cap.
Clio Infotech bets ₹87 cr on a shell: 10x its own market cap
The nano-cap company is acquiring a Seychelles entity with no revenue, no operations, and a March 2026 incorporation date.
IRB InvIT board to consider fundraise for ₹2,744 cr road buy
July 2 meeting is the first formal step to finance the toll-road acquisition. The trust may issue units or debt, creating dilution or higher debt burden.
Bannari Amman Spinning Mills gets outlook upgrade to Stable
CARE Ratings reaffirmed ratings at CARE BBB-/A3 while revising the long-term outlook from Negative to Stable, citing improved credit profile after FY26 audited numbers.
Bandhan Bank CFO Rajeev Mantri resigns, 90-day notice starts
CFO Rajeev Mantri has resigned to pursue another opportunity, effective September 25, 2026, after a 90-day notice period. The bank has not named a successor, adding uncertainty during NPA clean-up and capital planning.
SJVN locks in 658 MW hydro offtake with Gujarat utility
Long-term PPAs cover entire output of three Himachal projects, securing revenue for a capacity that could add over 10% to current top line.
Patel Integrated raises buyback price to ₹20, signals confidence
The logistics firm lifts its tender offer price by 11% to ₹20 per share while keeping total outlay at ₹10.80 crore. The revision is a material amendment to the original ₹18 announcement.