Notes archive.
Aadhar Housing raises ₹250 cr via NCD private placement
The three-year floating-rate notes (3-month T-bill plus spread) carry an ICRA AA Positive rating. The raise is about 1.2% of market cap, an incremental treasury operation, not a strategic event.
Southern Magnesium faces ₹30 lakh GST notice, exceeds annual profit
The demand for alleged short payment of output tax over 10 months is material for the nano-cap. Its entire FY26 profit was just ₹12.6 lakh.
Cohance promoters pledge 54% of equity to refinance $285M debt
Jusmiral Holdings and Berhyanda have gone from zero encumbrance to pledging their entire stake. The loan amounts to 14.5% of market cap.
HPCL JV's fire-damaged CDU back online; diesel dispatches begin this week
Restoration of crude distillation unit at HPCL Rajasthan Refinery completed faster than worst-case scenarios; motor spirit production next week.
Maiden Forgings MD cuts peak revenue target, admits past mindset issues
Nishant Garg downgrades expanded capacity potential to ₹550-600 cr from ₹700-800 cr, flags internal problems before Oct '23, and lays out a ₹1,000 cr revenue roadmap by FY30.
Saint-Gobain Sekurit gets a new CFO in a smooth handover
CFO Senthil Nathan resigns for family reasons; Vidya Shankar, a 16-year group veteran, steps in three days later. No other material reasons cited.
Lloyds Enterprises buys 88% of Steel Infra Solutions for ₹1,073 cr
The acquisition, via cash and share swap, adds a heavy steel fabrication firm with ₹816.87 cr revenue and a 30-month listing roadmap.
Lloyds Engineering buys SISCOL for ₹1,073 cr to build ₹10,000 cr revenue platform
The structural steel fabricator adds ₹817 cr in revenue and a ₹1,134 cr order book. Founder Ravi Uppal stays on to lead the acquired entity.
Lloyds Engineering buys 52% stake in SISCOL for ₹635 cr
The deal brings former JSPL MD Ravi Uppal's company under its fold, adding ₹817 cr revenue and 100,000 MTPA capacity. Combined entity creates an integrated engineering and EPC platform.
Finkurve adds a second ₹50 cr NCD plan to fund AUM growth
Board to consider new ₹50 crore NCD issuance on June 24, separate from the ₹100 crore plan approved earlier this month.
Bacil Pharma proposes R&D arm, but numbers are missing
The nano-cap with zero revenue wants a wholly-owned R&D subsidiary. No investment amount or timeline disclosed, just an intent.
Bandhan MF buys into SH Kelkar, just crossing the 5% threshold
A ₹2 crore open-market purchase lifts Bandhan's stake to 5.0064% in the fragrance maker. For a ₹1,898 cr company, the signal is stronger than the money.
Allied Digital elevates Nehal Shah to Joint MD, appoints ex-NTT Data exec
The board also redesignates CEO Paresh Shah as Chief Innovation Officer as the company sharpens focus on AI and cloud.
Mizzen Ventures raises ₹10 cr via preferential issue to outsiders
The nano-cap issues 8 lakh shares at ₹125 each to 24 non-promoter investors. The raise is 3.3% of its ₹299 cr market cap.
Amber subsidiary IL JIN buys out minority in Ascent Circuits for ₹336.75 cr
IL JIN Electronics is raising its stake in the PCB maker from 60% to 98.5%, paying ₹336.75 crore in cash. The deal consolidates control over a ₹401.87 crore-turnover subsidiary at 1.2% of Amber's market cap.
IIRM Holdings seeks NSE dual listing to broaden investor base
Board approves proposal for main board listing on NSE without fresh issue. Shares currently trade on BSE and inactive Calcutta Stock Exchange.
Quess grants 40,34,061 RSUs under QSOP 2026, CEO/CFO get performance-linked units
The board awarded approximately 3% of equity in restricted stock, including 5,00,000 performance-based RSUs for top executives. The move was widely anticipated and adds modest dilution.
Bata India picks Nike executive Sanjay Rao as next CEO
Sanjay Rao, who led Zara's India entry and held senior roles at Nike and Guess, will take over from Gunjan Shah in August 2026.
SBI board clears ₹60,000 cr debt raise in FY27
The state-owned lender's central board approved raising up to ₹60,000 crore through bonds, including AT1 and Tier 2, this financial year. The amount is 6.3% of market cap, crossing the 5% materiality threshold for large caps.
Quick Heal taps Check Point executive as CEO in enterprise push
Harish Kumar GS, with over three decades in cybersecurity, takes charge immediately. The micro-cap firm is pivoting from consumer antivirus to enterprise after a ₹20 cr quarterly loss.
Vilas Transcore targets ₹750 cr in FY26, triples CRGO capacity
FY25 revenue of ₹461 cr and PAT of ₹40 cr form the base; management eyes 62% growth with capacity tripling to 36,000 MT and 45-50% volume growth in FY27. PGCIL approval is the near-term catalyst.
Neetu Yoshi lands second railway order in a month
A ₹7.39 crore order for RDSO-spec bearing plates follows a ₹14.76 crore block order in May, adding to the ₹210-220 crore FY27 revenue target.
BCCL hands over 2 MTPA Dugda washery to JSW Steel in first-ever monetisation
In a milestone for the coal sector, BCCL transfers its 2 million tonne per annum Dugda Coal Washery to JSW Steel, aligning with Mission Coking Coal to cut import dependence.
Space Incubatrics enters CIRP over ₹1.19 cr default
The Allahabad bench of NCLT admits the company into corporate insolvency. A moratorium is declared and the board's powers are suspended.
Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex
The domestic fixed-price deal represents 4.27% of market cap and is the third contract from the same buyer this year, signalling deepening ties.