Notes archive.
Vikas Lifecare's auditor flags ED attachment, tax woes, FEMA lapses
Qualified opinion on FY26 results cites multiple material uncertainties, including an Enforcement Directorate attachment order of ₹133.38 crore.
Vikas Lifecare posts ₹23 cr loss; auditor flags ED attachment, SEBI probe
Standalone net loss of ₹23.25 crore in Q4 against a year-ago profit of ₹0.91 crore, with a qualified audit opinion citing ten emphasis-of-matter items.
Chambal Breweries posts ₹5.91 lakh net loss on zero revenue
Two-month period ended May 31, 2026: zero operating revenue, small interest income, admin expenses lead to net loss. Auditor gives unmodified opinion.
AVG Logistics Q4 profit doubles, but press release is a rehash
The March quarter net profit jumped to ₹10.71 cr on 19.40% revenue growth. Core figures were already disclosed June 23. Strategic updates: rail logistics, land acquisition, green partnership.
OnMobile raises ₹100 cr via NCDs at steep 13.60-13.88% coupon
The debt equals 18% of market cap for a loss-making micro-cap. High yield signals elevated credit risk and likely liquidity needs for gaming pivot.
Deccan Gold's Jonnagiri project goes live but the payoff is indirect
CM Naidu inaugurates the Kurnool mine. Initial processing at 1,000 tpd for 400-600 kg gold annually. Yet Deccan Gold holds only an indirect stake through associate Geomysore, and the filing gives no revenue split.
NLC India locks in state partner for 1,000 MW Odisha green push
A JV with OREDA opens a new clean-energy avenue for the coal-heavy PSU, but the deal is still subject to feasibility studies and multiple approvals.
Vikram Solar gets NCLAT stay on ₹9.44 cr insolvency claim
Appellate tribunal halts CIRP over a tiny trade payable. Company, with ₹4,802 cr revenue and zero debt, says financial health is strong.
LIC CFO Sunil Agrawal resigns, effective July 14
The country's largest insurer loses its Chief Financial Officer to 'better prospects', raising questions on succession planning and financial oversight.
Rajnandini Fashion promoter buys 56,000 shares, stake at 69%
Vikesh Lunawat adds 56,000 shares for a 0.54 percentage point increase. The purchase is tiny against a ₹49 cr market cap and unlikely to move the needle.
Containe seeks ₹21 cr via rights, 140% of its market cap.
The board approved a rights issue worth ₹21 crore, dwarfing the company's ₹15 crore market cap and threatening massive dilution. Earlier, the auditor flagged unbilled revenue nearly equal to annual sales.
Eforu Entertainment bets ₹5 cr on a film — nearly 10% of its market cap
The nano-cap company signs a binding purchase agreement for film rights and marketing. With zero trailing revenue, the acquisition is either a turnaround move or a stretch.
CGST penalty on Tata Teleservices slashed to ₹7.57 cr; company to contest
The Commissioner reduced the penalty from ₹36.14 crore for alleged Cenvat credit irregularities during FY2009-12. The company disagrees and will appeal.
Embassy takes a bet on Lucknow with ₹1,500 cr office plan
Non-binding MoU with UP government for 2.5–3.0 msf office project. First entry into UP for the Bengaluru-focused developer.
Texel gets AASHTO nod, opens US federal projects market
The certification for its Kheda geotextiles facility qualifies Texel for US DOT-funded transportation projects. For a ₹86 cr nano-cap with declining revenue, this is a potential game-changer – but no order yet.
Majestic Auto loses CFO Ajay Kumar with no prior notice
The nano-cap company's CFO resigns citing personal reasons, effective June 24. Revenue has fallen 77% trailing while the stock trades at a P/E of 3.9.
Saboo Sodium gets BSE nod for ₹47.57 cr rights issue
Saboo Sodium's ₹47.57 crore rights issue, nearly matching its ₹50 crore market cap, clears a key regulatory hurdle.
NHC Foods issues 10.42 cr shares to FCCB holder, diluting by 15.8%
Global Focus Fund converts $1.1 million bonds into equity at ₹1 each, lifting paid-up capital to ₹76.19 crore and swelling the share count for the nano-cap firm.
Veranda Learning gets first-time IND BBB- rating with developing watch
India Ratings assigns rating to ₹140 cr term loan; watch developing signals potential upgrade or downgrade, adding uncertainty for a company with 2x debt/equity.
CFO's immediate exit raises governance questions at RDB Real Estate
Harsh Jhunjhunwala resigns abruptly on June 24, with no successor named, at a ₹394 cr market-cap developer with high debt.
Jamshri Realty promoters gift entire 62.89% stake to son
Premratan Damani and Bimladevi Damani exit completely, transferring control to Rajesh Damani via a gift deed at no consideration. The off-market transfer of 43.93 lakh shares is exempt from open offer as an immediate relative transaction.
Apis India fills out leadership with Arun Mishra as sales head
The honey and FMCG company caps a trio of senior hires. Mishra brings over 25 years from Haldiram and Modi Naturals. The CFO appointment, made weeks earlier, remains the more consequential move.
Muthoot Capital gets ₹96 cr bid for stressed loan pool
A binding bid worth up to ₹96 crore sets a floor for a stressed portfolio with ₹209.1 crore principal, potentially cleaning up a balance sheet hit by 6.96% gross NPAs and a 76% profit crash.
Afloat's non-promoter sells 2.55% as promoter exits pile up
Pine View Portfolio Consultants cut its stake to 10.83%, adding to an already heavy selling overhang at the nano-cap steel company.
Praxis Home Retail borrows ₹14.5 cr more, total unsecured debt ₹20 cr
A ₹14.5 crore facility from CMS IT Services takes total borrowings from the lender to ₹20 crore in six weeks, against a market cap of ₹162 crore.