Notes archive.
Crisil lifts Skipper's long-term rating to A+; facility limit raised to ₹4,621 cr
The one-notch upgrade to A+ with stable outlook was likely telegraphed. The bigger story is the raised bank limit from ₹4,301 cr to ₹4,621 cr.
Cargosol ups FCCB plan to $15M, six times its market cap
Board approves raising $15 million through foreign currency convertible bonds, up from $10 million. The fundraise is roughly six times the company's ₹21 crore market capitalisation.
Kissht AUM jumps 61% in Q1, outpacing >40% FY27 guidance
OnEMI Technology Solutions reports ₹8,001 cr AUM for June quarter. Disbursements rise 37% YoY; LAP portfolio share climbs to 7.7%.
Super Iron Foundry takes ₹20.71 cr in govt-backed loans: 20% of market cap
The nano-cap has secured ₹9.71 cr from UCO Bank and ₹11 cr from Bank of India under ECLGS 5.0, repayable over 60 months. The loans are secured against land.
GR Infraprojects gets completion nod for ₹1,368 cr expressway
The certificate for the Bandikui-Jaipur spur triggers annuity payments from NHAI, de-risking the project and providing cash flow visibility.
Hindustan Tin Works faces ₹1.60 cr entry tax demand
The assessment order for AY 2015-16 under Haryana Entry Tax raises questions about tax disputes, though the company expects a favourable outcome and the amount is modest relative to its ₹112 cr market cap.
NCLT confirms Tridev Infra capital reduction, shares to halve
Scheme reduces paid-up value per share to ₹5, consolidates 2:1, writes off ₹3.83 cr accumulated losses; no change in ownership ratios.
Karur Vysya Bank loans up 17%, deposits up 15% in June quarter
Provisional business update shows CASA deposits up 15% YoY; sequential momentum of 6-8% across all metrics.
Pajson Agro adds ₹30 cr HSBC facility, doubling credit headroom for cashew expansion
New HSBC facility gives Pajson ₹30 cr in working capital, including a ₹20 cr letter of credit, as it scales cashew processing. Adds to existing ₹27.5 cr Kotak line.
Supriya Lifescience GM in judicial custody for NDPS export lapse
Company says no material impact on operations, citing isolated procedural lapse in a single export transaction.
Classic Leasing says audit is clean despite ₹316 cr liability flag
The company filed a declaration stating an unmodified audit opinion, directly contradicting its auditor's qualified report on a massive contingent guarantee to insolvent Kohinoor Steel.
Desi Farms India ends FY26 with zero headcount, auditor cites three issues
A N K H & Associates gave an unmodified opinion but noted a complete management overhaul, all employees separated, and a ₹50,000 tax treatment that could be challenged.
Desi Farms finally posts audited FY26 results, auditor flags zero headcount
After months of delays, the nano-cap logistics firm reports minimal revenue with a complete management change and no employees left.
Zydus Wellness loses sales head Lalit Ahuja after a decade
The Head of Sales for India and the Indian subcontinent resigned with a 90-day notice, effective July 3, 2026, citing better career opportunities.
Everest Industries scraps ₹138 cr Assam plant amid losses
The subsidiary abandons a fibre cement boards plant approved in 2025, surrendering land and writing off ₹10.90 crore. The capex was 18% of market cap.
Expleo Solutions' KMP Saket Newaskar resigns with immediate effect
The company accepted the resignation citing personal reasons; no material reasons beyond those stated. The departure is orderly and impact is expected to be manageable.
Onida Electronics overhauls management; CFO exits for sabbatical
Shirish Suvagia steps down as CFO; Gunjan Srivastava becomes MD & CEO, Manish Desai new CFO. The board also grants 1.25 million stock options. The reshuffle signals a strategic reset as revenue shrinks 28% and losses mount.
Coal India's renewable pivot begins with a ₹10 lakh JV in UP
The coal giant signed a JV with UPRVUNL for solar, wind, and pumped storage projects. But the initial paid-up capital is just ₹10 lakh, a rounding error against quarterly net profit of ₹10,792 crore.
Everest Industries pulls ₹125 cr steel plant, second capex cancellation in days
Barely a week after scrapping a ₹138 cr Assam unit, Everest's subsidiary abandons a ₹125 cr Andhra steel plant. The parent lost ₹100 cr last year.
Cressanda Railway impersonated via fake domain by ex-employee, vendor
Ex-employee, IT vendor created fake domain to impersonate Cressanda to key clients. Company alerted clients, terminated access, filing criminal complaint.
Davangere Sugar's FCCB could flood 264 cr shares at ₹3.60
The USD 100M bond issue, netting USD 85M at a 15% discount, would massively dilute a ₹513 cr micro-cap.
Davangere Sugar's ₹952 cr FCCB plan risks massive dilution
The micro-cap sugar company is raising nearly double its market cap via FCCBs convertible into 2,645 crore shares at ₹3.60 each, overwhelming existing equity.
Sobha sells ₹36.56 bn in Q1, record quarterly sales
76% YoY jump, led by Bengaluru and Gurgaon launches. New luxury project SOBHA OneWorld alone has ₹75 bn potential.
Senco Gold Q1 revenue surges 60%, warns of margin pressure from duty hike
Standalone revenue rose 60% and retail 48%, driven by festive demand. Same-store sales grew 38%. But heavy discounting and the 9% customs duty increase will pressure Q1 margins, management cautioned.
Market Creators promoter Kalpesh Shah's stake jumps to 21% after transmission
Kalpesh J Shah acquired 20.19% of the company via off-market transmission and a gift, taking his holding from 0.87% to 21.06%.