Notes archive.
Minolta Finance to reconsider ₹49.5 cr rights issue
Board to meet June 27 to revise price, ratio, and record date. The earlier structure would have diluted holders by over 300%.
Aanchal Ispat promoter to infuse ₹8.65 cr via warrants, stake to hit 60%
The preferential issue of 10.55 lakh fully convertible warrants at ₹82 each comes on the heels of a ₹7 cr QIP, signaling strong promoter backing for the ₹42-cr nano-cap steel firm.
ED attaches promoter assets at Advik Capital. No charges yet.
The Enforcement Directorate issued a provisional attachment order against the promoter of this ₹79-crore NBFC. The company denies any predicate offence, but the cloud lingers.
City Union Bank plans ₹500 cr QIP, sets dividend record date
Board approves QIP up to ₹500 crore subject to shareholder nod at 14 August AGM; record date for ₹2 dividend fixed at 31 July.
Honasa Consumer buys 58% of Fluence Pharma for ₹135 cr
The Mamaearth parent gains patented cyclical nutrition therapy brands but the deal is tiny relative to its ₹13,690 cr market cap.
Nila Infra loses appeal on ₹2 cr GST demand, vows to fight on
The Commissioner (Appeals) upheld a ₹2.03 crore input tax credit disallowance, rejecting Nila Infrastructures' appeal. The company will challenge before higher authorities and says the liability won't materially impact its finances.
Antariksh Industries mulls preferential issue — no size, no price
The nano-cap's board will meet on 26 June to consider a capital raise via equity. With near-zero market cap and declining revenue, any issue could dilute existing holders.
Kabra Extrusion loses battery head Arnab Saha, succession already in place
Arnab Saha, who built the Geon battery division, resigns effective June 23. Recent COO and CEO appointments for the energy storage business suggest a planned handover.
Mangalam Global mulls converting loans into equity, diluting shareholders
Board to meet June 26 to consider enabling resolution under Section 62(3). Terms conversion amount, price, share count yet undisclosed. Move could strengthen balance sheet at cost of earnings per share.
Ebix (ex-Eraaya) gets ED attachment order over FPI investments
Provisional attachment under PMLA, but company says neither it nor promoters are accused of any predicate offence. Operations continue normally.
Q-Line Biotech's reagent shift lifts gross margin 750 bps, targets 30-35% growth
FY26 gross margin hits 60.8% as manufactured reagents replace imports; FY27 guidance backed by 300-400 new analyzer installations and ₹10 cr CDMO target.
Bacil Pharma board to mull fundraising options on June 26
Nano-cap with zero operating revenue calls a board meeting to consider preferential issue, rights issue, or other modes. No concrete details yet.
Gem Aromatics sets up Brazil subsidiary, commits up to ₹17 cr
Board approves WOS in Brazil for distributing essential oils and chemicals; total commitment of ₹17 cr exceeds 1.5% of market cap. Routine auditor reappointments also cleared.
Dhruv Consultancy: ₹100 cr Q1 orders, but CEO's guidance promise broken
A ₹55 cr market-cap consultancy with a #6 NHAI ranking lands ₹100 cr in Q1 orders—half its full-year target—but management credibility takes a hit after the CEO's no-more-adjustments pledge was contradicted by Q4 losses.
CARE cuts Compucom's outlook to Negative
The rating agency reaffirmed existing ratings but turned the outlook to Negative on ₹19.50 cr of bank facilities, citing heightened credit risk.
Afloat promoters sell more shares, stake drops to 18%
Pawan Kumar Mittal and Kiran Mittal unloaded 320,000 shares over two days, continuing a pattern that has shrunk promoter holding from over 29% to 18.14% in weeks.
Manoj Vaibhav Gems contests ₹5.84 cr GST demand over IPO ITC
The GST Commissionerate alleges irregular input tax credit on IPO expenses. The company plans to appeal and says the demand has no operational impact. The amount is just 0.8% of market cap.
Go Fashion promoter frees bulk pledged shares, pledge falls to 4.19%
Rahul Saraogi releases 46.81 lakh shares from pledge, taking total promoter encumbrance down from 13.09% to 4.19% in an unexpected move that removes a key overhang.
Tata Power gets 3-month extension for Mundra plant under Section 11
Ministry of Power extends directions to Sept 30, 2026, keeping plant running while SPPA talks continue.
Mangalam Organics names Manoj Mhapadi as new CFO as Rajule retires after 20+ years
Planned succession keeps finance leadership in-house; long-serving internal candidate takes over.
Innovision lands ₹7.73 cr NHAI contract, but smallest in recent streak
The Pileru-Puthalapattu toll award is less than 1% of revenue and 1.1% of market cap, a fraction of the ₹25-37 cr wins Innovision has been bagging this year.
Manali Petro secures interim stay on adverse court order
The Madras High Court division bench granted relief subject to conditions. The company is assessing implications, but the dispute amount remains undisclosed.
PIGL wins ₹3.72 cr add-on order from Ajmer Vidyut
The additional work order brings the total contract under RDSS to ₹38.28 cr, extending revenue visibility for the nano-cap contractor over 15 months.
Balkrishna Industries' Deputy CFO quits weeks after new finance chief appointed
Ravi Narayan Joshi leaves after 5.5 years, effective July 25. Company says no material reason beyond personal career move.
Muthoot Microfin seeks ₹4,000 cr via NCDs, board to decide on June 30
The microfinance lender's proposed debt programme exceeds its ₹3,464 cr market cap, signalling a major balance-sheet expansion. The board will authorise the plan for FY27.