Notes archive.
Coforge sets FY27 margin target of 20.5%, eyes $5B by FY30
Management guided for EBITDA margin of 20.5% and EBIT of 16.5-17% for FY27, backed by Encora consolidation and AI savings, with a long-term vision of $5B revenue by FY30.
Arkade fires CSO after internal probe finds data leak
Amita Singh out for transmitting confidential info; company says no material impact but governance concerns mount as real estate developer reports losses and slowing sales.
Orient Ceratech sheds windmill arm for ₹15.25 cr
The division contributed just 1.55% of revenue but 7.45% of net worth. Proceeds can reduce debt or fund growth; completion expected in six months.
Allied Blenders taps United Spirits veteran as new CRO
Monish Bhasin joins as Chief Revenue Officer from July 1, 2026, succeeding Manoj Kumar Rai who resigned due to parents' health. Bhasin brings 28 years of experience in alco-bev and consumer goods.
AVG Logistics delays FY26 results; audit still incomplete
AVG Logistics postponed its FY26 results due to incomplete audit. No new date set. For a nano-cap with falling revenue, a delayed filing raises governance flags.
TV Today Network skips final dividend after profit slumps 76%
FY26 profit at ₹19.97 cr vs ₹82.72 cr prior — yield-oriented shareholders left empty-handed.
Riwind Green Energy FY26 loss widens; auditor warns on viability
Net loss of ₹68.45 lakh vs ₹25.22 lakh a year ago, zero operating revenue; qualified opinion flags unconfirmed borrowings of ₹255.28 lakh and going concern uncertainty.
Uma Exports promoter sells 0.53% stake worth ₹43 lakh
Sumitra Devi Khemuka reduces holding from 7.62% to 7.09% in open market trade on June 17; disclosure under insider trading rules.
3i Infotech renews NCDEX contract for ₹14.71 cr
The three-year managed services deal adds 2.1% to FY26 revenue and signals continued trust from a reputed exchange amid audit challenges.
Diamond Power doubles QIP ceiling to ₹2,000 cr, seeks to fix shareholding
With a market cap of ₹10,782 cr, the QIP size is large at 18.6% of equity. Proceeds to address minimum public shareholding norms and fund expansion.
Veer Global gets BSE nod for preferential issue, weighs rights issue
Nano-cap's board meets June 22 to convert ₹6.8 cr debt into equity at ₹85/share and evaluate a fresh rights offer. The move comes amid a ₹22 cr GST dispute and falling revenue.
Hilton Metal to raise ₹100 cr via QIP, almost its entire market cap
The board approved a QIP of up to ₹100 crore, roughly 85% of its ₹118 crore market cap, to fund a ₹720 crore defence order. The company had completed a ₹28 crore rights issue earlier this year.
Dollar sets July vote on scheme to bring trademark in-house
NCLT orders meetings for 22 July 2026 on composite scheme: demerger of Dindayal Texpro's hosiery unit and amalgamation of eight promoter entities, including Dollar Brands, which owns the 'Dollar' trademark.
MSP Steel signs 25-year solar PPA, plans 26% stake in supplier
The steelmaker locks in 10 MWp solar power at ₹3.17/unit under group captive open access, aiming to cut energy costs. A 26% equity stake in Elevate Solar is on the table.
Suraj Industries converts ₹25 cr loan to equity in subsidiary Carya
Board approved converting unsecured loan into shares of Carya Chemicals & Fertilizers, which reported ₹87.11 cr turnover in FY26 from its new bottling operations.
Mahindra Lifespace lands YKK India's ₹1,200 cr factory at Origins Chennai
Japanese fastening giant commits USD 150 million for 149,936 sqm facility; adds to global manufacturer tenant list.
Media Matrix halves guarantee to subsidiary nexG, cuts risk exposure by ₹40 cr
Corporate guarantee on nexG Devices reduced from ₹80 cr to ₹40 cr. The move lowers contingent liability by 2.65% of market cap, a material reduction.
Jyothy Labs was talking up Pril while quietly killing it
Management told investors in May they'd keep investing in Pril. By June 1, manufacturing stopped. Arbitration at SIAC has begun.
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.