Notes archive.
Innocorp wipes ₹12.42 cr losses with 75% capital reduction
The board-approved scheme cuts paid-up capital by 75%, using equity and premium to erase accumulated losses and turn net worth positive for a company with a ₹3 cr market cap.
Bluegod's auditor flags ₹29.5 cr loan, questions NBFC compliance
Auditor SDPM & Co says financial assets and income exceed RBI thresholds, requiring NBFC registration. Loans from individuals violate Companies Act; large unsecured advances lack documentation.
Oswal Pumps lands ₹235.92 cr solar order from MSEDCL
Repeat order for 10,000 off-grid solar pumps under PM Kusum B; order book swells as second major win in a month.
DCM Shriram's ₹249 cr tax demand wiped out by ITAT order
The tribunal granted relief on ₹172.82 cr of ₹178.24 cr in contested additions, leaving only ₹5.42 cr for review. The demand represented ~29% of FY26 net profit.
Tirth Plastic to raise ₹12.6 cr via shares — more than its entire market cap
The nano-cap plans to issue 45 lakh shares at ₹28 each to 42 non-promoter investors. If approved, existing holders face massive dilution.
Sarda Proteins loses MD, three directors after Onix open offer
Chirag Thummar resigns as managing director; Shirish Savaliya appointed immediately. CFO becomes chairperson, new CFO named. Authorized capital jumps eightfold to ₹100 crore.
Lux Industries bets ₹600 cr on Asia's largest garment plant
The board approved a Dankuni expansion adding 12 lakh sq ft and 18-20 cr pieces annual capacity, with incremental revenue potential of ₹900–1,000 cr — over 30% of FY26 revenue.
Essar Shipping borrows ₹10 cr from group firms after zero-revenue quarter
With no sales and a ₹36 cr loss last quarter, the loan is a stopgap, but at just 2% of market cap it's too small to fix the distress.
Royal Sense promoter pledges 18.69% stake as security
Rishabh Arora has created a pledge over 10 lakh shares in favour of Comfort Securities for financial assistance. The shares represent about a fifth of the company's equity and mark the first encumbrance on promoter holding.
Samsrita Labs to cancel half its shares, wipe out ₹11.37 cr in losses
The capital reduction cuts paid-up capital from ₹22.75 cr to ₹11.37 cr, setting off all accumulated losses and share premium. The move, equal to 42% of market cap, cleans the balance sheet ahead of a pet healthcare pivot.
Salasar Techno faces fresh NCLT vote on merger after earlier meet set aside
NCLT Allahabad orders de novo equity shareholder meeting on August 8, 2026 for Hill View Infrabuild amalgamation, superseding June 5 proceedings. Reason undisclosed.
Ind Bank Housing turns profitable on asset sales, wind-down not over
Q1 net profit of ₹387.54 lakhs vs loss year ago, but RBI licence cancelled, no lending, auditor flags going concern.
Vamshi Rubber board to vote on selling core retreading business
The board will meet on July 8, 2026 to consider a proposal to sell the entire retreading segment. The move follows a strategic review that flagged asset sales.
Kotak Mahindra Bank net advances at ₹5,12,171 cr, CASA slips 6.7% QoQ
CASA decline flags potential margin pressure despite 15.1% YoY loan growth, partly boosted by the Deutsche Bank acquisition.
Vandan Foods pledges 94% of its market cap as guarantee to unrelated party
For a company with **₹20 cr** market cap and losses, a **₹17.85 cr** contingent liability to Bank of India for Pharmearth is a huge bet with no apparent benefit.
Sayaji Hotels lands management mandate for 108-room Varanasi property
The 'Effotel by Sayaji' property in Varanasi adds to the company's asset-light management portfolio, continuing its northern India expansion without disclosed financial terms.
DIC India names Deputy CEO — but she doesn't start for a year
Manjusha Singh, Head of Sales & Marketing, named Deputy CEO effective July 4, 2026, as DIC India prepares for CEO departure in August. A non-statutory role hinting at internal succession.
Shakti Pumps empanelled for ₹354 cr solar pump order from MSEDCL
The empanelment covers 15,000 off-grid solar pumps under the Magel Tyala scheme, but it's not a firm contract. Worth ~13% of FY26 revenue.
Rajputana Stainless gets Crisil upgrade to BBB+ after turning debt-free
One-notch upgrade follows ₹96 cr loan repayment from IPO proceeds. Short-term rating also raised to A2.
Ind Bank Housing swings to ₹387.54 lakh profit in Q1, but wind-down continues
A surge in other income and a prior-year tax credit turned a loss into a profit. But the company, stripped of its RBI license, remains in asset-recovery mode with a going concern warning.
Black Box's GSI Americas sales head exits; operations intact
Jai Venkat ceased on June 30. Company cites internal reasons, says daily functioning unaffected as it seeks replacement.
Julien Agro swaps executive director pick; adds five board members
The nano-cap engineering firm appoints three independent directors and two executive directors, replacing one previously proposed nominee in a routine board shuffle.
7NR Retail promoter exits completely, seeks reclassification
Umang Trivedi, who sold down to 0%, formally asks exchanges to be treated as a public shareholder.
CMR Green guides 25% volume growth in FY27 with ₹200 cr capex
India's largest aluminium recycler held its first earnings call as a listed company. Management backed growth with two new plants and diversification into beverage-can recycling and green billets.
Shipwaves CFO quits; promoter takes over finance role
CFO Zeeshan Habibi resigns effective 6 July 2026, citing time constraints; company secretary also leaves. Promoter Sahim Haris steps in as new CFO.