Notes archive.
NPST lands UPI TPAP order from Maharatna PSU, but value stays under wraps
The small-cap fintech will serve as Technology Service Provider on a SaaS model, generating recurring revenue. But no financial terms disclosed, leaving the materiality unclear against its ₹3,291 cr market cap.
HOCL's Kochi complex fully idle after phenol plant shutdown
The phenol plant joins an already-idle hydrogen peroxide unit, putting HOCL's entire manufacturing footprint offline with no restart date in sight.
Desi Farms sets June 26 for audit approval after missing earlier deadline
The nano-cap company had sought an extension in early June and now has a confirmed date, ending several weeks of uncertainty over its FY26 results.
IIFL Finance to mull equity raise, MTN upsizing at June board meet
The NBFC's board will consider equity via rights/QIP and upsizing its global MTN programme, just weeks after pricing a $500M offshore bond.
Sharp Investments board to weigh acquisition in Rajal Lefin
A dormant nano-cap with ₹10 cr market cap and zero revenue just flagged a possible equity buyout. The board meets June 26; no deal size yet.
Saksoft appoints UK growth chief for Acuma Solutions
Deepankur Kukreja joins as Chief Growth Officer effective June 23. The role is routine with no material financial impact.
Eforu Entertainment lands ₹54 lakh artist deal; equals 40% of annual revenue
The nano-cap has signed with Ambigramy LLC to introduce two music artists for USD 65,000 (~₹54 lakhs). The sum is modest in absolute terms but massive relative to Eforu's ₹1.33 crore annual revenue.
Disha Resources promoter dumps 2.75% stake in open market
Sarojdevi Kabra sold shares worth ₹42.2 lakhs on June 19, cutting her holding from 4.48% to 1.74%. The sale represents nearly 30% of the company's annual revenue and is a material event for the nano-cap.
Likhitha raises ₹60 cr via warrants after profit crashes 77%
The board approved up to 25 lakh convertible warrants at ₹240 each to promoter and 19 others, as Q4 net profit fell 77% YoY. The offer represents 6.2% of market cap.
Transrail Lighting picks up ₹10 cr cooling-tower firm; DMD exits
Two board decisions in one meeting: a de minimis acquisition of a fellow subsidiary and the resignation of a deputy managing director for personal reasons.
JSW Infra launches QIP, promoter OFS for public holding compliance
Board approves up to 23 crore fresh shares and 3.32 crore shares from Sajjan Jindal Family Trust. Combined dilution could exceed 10% of existing equity.
Muthoot Capital secures ₹150 cr at 9.25% to fund AUM chase
Two-year NCDs equal to 44% of market cap back ambitious plan to nearly double AUM to ₹10,000 cr by FY29. Coupon is cost-effective given recent credit upgrade to AA-.
Dhruv sets up NH-52 SPV for ₹55,000
The consulting firm formalized its wayside amenities project on Maharashtra's NH-52 by incorporating Verul Drivehub with a 55% stake. The project itself was disclosed last month.
B-Right Real Estate locks in ₹179 cr Parel project
Step-down subsidiary signs non-binding MOU for Viswas Niwas 8 & 9. Site spans 1,081.95 sq m with 45,760 sq ft saleable area.
Bandhan Bank board to weigh capital plan on June 25
The no-detail intimation follows a ₹303.74 cr NPA sale and promoter stake sale, leaving the size and form of any capital action open.
Syrma SGS, Kaga Electronics to set up EMS plant for Japanese clients
The 60:40 joint venture with Kaga Electronics India targets a new customer segment. Initial investment of ₹15 cr from Syrma SGS; execution is conditional.
E & E Enterprises' top shareholders cut stake by 6.25% in a single day
Akshat Jain and Niharika Jain sold off a sixth of their holdings, reversing months of accumulation. The nano-cap's shares have a market cap of just ₹1 crore.
Svam Software turns to agritech, seeks nod for name change
The board has approved a strategic pivot into agritech, farming and construction, and a name change to Svam Agritech. An EGM on July 14 will seek shareholder approval.
Nava Ltd merges two Singapore subs in internal restructure
The amalgamation of Nava Healthcare into Nava Global consolidates investments under one entity with no cash consideration or change in shareholding.
Birla Corp opens Bikram coal mine, targets cost savings
The captive mine in Shahdol, MP started commercial production on June 22, 2026. A key step to lower fuel costs, but no volumes or savings disclosed.
Bizotic Commercial board to weigh bonus issue on June 25
The ₹704-crore micro-cap firm's bonus proposal, if passed, would boost share liquidity without diluting value, a classic sign of management confidence.
Dhabriya Polywood subsidiary bags ₹13.05 cr modular kitchen order from M3M
Dynasty Modular Furnitures lands a letter of intent for delivery over 18 months, adding to a record order book of ₹174 cr.
Oswal Agro's CFO and auditor quit on the same day
Hemant Patni and Siddharth S. Kothari & Co. resign effective June 22; company leadership sees third exit this year.
Ducon targets ₹600-1,000 cr revenue in 2-4 years from ₹400 cr base
Cautiously optimistic management flags CO2 capture tailwind but declines FY27 guidance; ₹25 cr rights issue to fund working capital.
GHV Infra lands ₹213 cr order from related party for railway work
The order is 35% of FY26 revenue and must be completed in 14 months. Counterparty is promoter-linked but at arm's length.