Notes archive.
TruAlt Bioenergy lands ₹150 cr government grant for SAF plant
The grant under PM JI-VAN Yojana covers 7-10% of project capex, boosting India's 1% SAF blending target by 2027 and validating TruAlt's strategic direction.
Meta Infotech targets 4x profit by FY29 after record ₹270 cr revenue
CEO Venu laid out a plan to quadruple net profit in three years, targeting a 10-15% PAT margin by shifting from products to services. Order book of ₹506 cr provides over two years of revenue visibility.
Rajoo Engineers completes machine shop upgrade, capex undisclosed
The Shree Yantralaya shop now houses 5-axis multitasking from Okuma, Huron, and Jyoti, enabling in-house production of complex extrusion components. No capital outlay or efficiency gains were disclosed.
Brigade loses environmental clearance for Chennai project, calls order illegal
Tamil Nadu SEIAA revokes nod for Brigade Morgan Heights without hearing, despite Madras HC dismissing a PIL on the project three months ago. Company appeals.
Silicon Valley Infotech posts net loss, auditor flags capital shortfall
FY26 results show near-zero revenue and a net loss of ₹4.46 lakhs. Auditor qualified opinion cites failure to meet minimum net owned funds requirement. Negative net worth persists at ₹53.68 lakhs.
Nykaa drops fashion house-of-brands plan, cites bandwidth limits
On its June 18 concall, management also said 55% of GMV is AI-driven but just 5% of GenAI experiments are P&L-ready. Fashion hit EBITDA breakeven in Q4.
Sharika Enterprises to weigh fundraising options on June 23
Nano-cap engineering firm, deep in loss with negative net worth, will consider equity or debt. No size, no pricing yet.
Dugar family launches open offer for 26% of Colinz at ₹54/share
A mandatory open offer follows a share purchase agreement for a 34.56% stake, handing control of the nano-cap pharma company to the Dugar family for a combined ₹7.89 crore, over half its market cap.
Kotyark guides 15-20% revenue growth in FY27, plans 75% capacity expansion
Operating at just 7-8% of its 1,500 KLPD Rajasthan plant, the company eyes gradual utilization improvement and entry into export markets.
HCLTech opens AI lab with Intel, no financials disclosed
The Chennai facility lets enterprises test AI Force and VisionX 2.0 on Intel Xeon 6 and Core Ultra hardware. No investment, order, or revenue target was mentioned.
Prime Securities lands ₹1,220 cr M&A advisory mandate
The deal is one of the largest Prime has executed. Estimated fees of ₹12-24 cr represent up to 16% of its annual revenue.
Switching Technologies board to restructure after promoter exit
A nano-cap with a ₹23 cr market cap, the company is formalizing a management overhaul and reviewing a business transfer deal.
Ravindra Energy promoter pledges ₹111 cr more in shares
Second pledge in two weeks, just after a ₹205 cr rights issue. Latest pledge is 3.86% of market cap.
Hiliks Technologies lands ₹95 cr order, more than double its market cap
The nano-cap's latest contract brings its order book to ₹165 crore, or nearly three times its own market capitalisation of ₹58 crore. Third major win in months.
Altius Telecom sponsor sells ₹2,269 cr stake
BIF IV Jarvis India sold 137.5M units on June 16, cutting holding from 49.85% to 45.34%. The sale, disclosed June 18, is a material cut for an InvIT.
Bharat Forge teams up with AM General for artillery exports
KSSL, Bharat Forge's defence arm, partners with a U.S. military vehicle specialist to sell the MArG 155mm platform globally, including a bid for the US Army's Mobile Tactical Cannon program.
BR Goyal lands ₹13 cr civil order at Ratlam industrial park
The ₹13.05 crore contract from LNJ Greenpet covers roads, drains and culverts at a Mega Smart Industrial Area, adding to an order book of ₹1,235 crore.
Retaggio puts ₹10 cr into Mumbai property, its biggest capital move yet
Board approves property purchase worth 8% of market cap; also converts eighth tranche of warrants
Mangalam Industrial's auditor resigned in May, then signed off June results
Mahesh Udhwani & Associates quit over non-cooperation but still cleared FY26 numbers. The company disclosed the resignation 35 days later, blaming oversight.
ICRA assigns initial rating to Manaksia Steels, matching CARE grade
Fresh ICRA rating for ₹500 cr bank facilities is an initial assignment, not a revision, and mirrors existing CARE ratings. Nano-cap market cap is ~₹453 cr, making rated facilities 113% of size.
Aequs maps 4x-6x revenue jump by 2031, but Hasbro loss clouds trajectory
First-ever Investor Day lays out quantified targets: **$350-450M** capex, **18-22%** EBITDA margins, **20%** ROCE. Current quarter losses and a lost toy contract remain unaddressed.
P&G Health's FY26 sales up 16%, profit up 30%; innovation and distribution gain
Concall confirmed strong revenue and profit growth. New products beat expectations, distribution added 30k extra-urban pharmacies. No FY27 guidance but management sees sustained momentum.
Afloat promoter Rukmani Mittal sells 2.07% stake in two days
Rukmani Devi Mittal reduced her stake from 3.35% to 1.27% of Afloat Enterprises, days after fellow promoter Kiran Mittal sold 4.53%, as the nano-cap struggles with a 70% revenue drop in FY26.
VMS TMT promoters cancel ₹5.95 cr inter-se transfer
A proposed acquisition of 13,22,154 shares (2.66% stake) at ₹45 per share was withdrawn a week after being announced. No reason was given, leaving promoter shareholding unchanged.
GMR Power promoters pledge 2.82% more equity, total encumbrance hits 61.07%
Promoter entity GMR Enterprises pledged shares valued at ₹232 cr to secure ₹300 cr of unrated NCDs for personal use. The low coverage ratio of 0.77 signals high borrowing strain.