Notes archive.
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.
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.