Notes archive.
Blue Cloud pays 17 cr shares for Global Impx acquisition
The share swap at ₹21.93 each dilutes promoters from 38.5% to 31.4% and adds six subs in energy and microgrids. Deal value of ₹373 cr is 27% of market cap.
Eastern Silk CFO steps down, stays on as executive director
Sunil Kumar resigns as CFO but continues as Executive Director, citing a focus on strategy. The ₹25 cr nano-cap textile firm plans to bring in a new CFO.
Kirloskar Ferrous lands ₹113 cr pig iron order from UK buyer
The 30,000 MT export order is for basic-grade pig iron, at about 1.6% of annual revenue. A modest addition with steady demand signals.
Garbi Finvest posts ₹7.10 cr Q4 loss; auditor flags loan documentation gaps
The NBFC's net worth fell to ₹68.97 cr from ₹75.75 cr. Annual expenses surged to ₹11.04 cr on revenue of ₹4.67 cr. Qualified opinion cites missing loan agreements and interest income verification failures.
Mach Travel lands 50 corporate accounts in 2.5 months, builds recurring revenue base
New corporate travel vertical shifts from project-based MICE to multi-year contracts. Revenue impact expected from H1 FY27.
Shri Balaji Valve grows 19.5%, but customer concentration jumps to 65%
FY26 PAT jumped 32% to ₹8.56 crore, but top-five clients now cover 60-65% of revenue, up from 35%, and a new facility plan was downgraded to 'brainstorming'.
Navigant promoters sell 8.17% stake in open market, biggest cut since listing
Led by Sarthak Vijlani, the promoter group offloaded 2,57,500 shares on June 16, reducing their holding from 36.09% to 27.92%. No reason was given for the ₹1.96 cr sale, which dwarfs typical insider transactions.
Protean e-Gov loses CTO with just one day's notice
Dattaram Mhadgut resigns citing personal reasons; last day is June 18. No successor named as company runs critical Aadhaar and tax infrastructure.
Afcom targets doubling revenue as fleet grows to nine by H2 2027
Each Boeing 777 freighter is expected to generate ₹75 crore monthly – three times a current 737-800 – and a ₹200 crore equity raise funds the expansion without further dilution.
CRISIL lifts Sterlite Tech outlook to Stable, reaffirms AA- rating
CRISIL revised its outlook to Stable from Negative, citing strong revenue growth and a record order book. Core ratings unchanged at AA-/A1+.
HCLTech inks VW software deal; no money said
Multi-year partnership with Volkswagen's e.solutions to build infotainment and connectivity software. But financial terms are undisclosed, making it a routine ecosystem move for a $14.7B IT giant.
Zero-revenue Filmcity Media sees major shareholder exit
Visagar Financial Services sold a 2.01% stake (6,15,477 shares) via open market trades in May-June 2026, adding to the company's woes after revenue collapsed to zero.
Megatherm stops taking orders as transformer unit hits 100% capacity
Order book doubles to ₹80-90 cr, FY27 revenue target of ₹450+ cr reaffirmed. But a prior call gave conflicting capex figures, raising execution questions.
Suyog lands 636 Vodafone sites; 5,000 tenancies still awaited
Suyog confirms a slice of the expected Vodafone order but the bulk of 5,000 tenancies remains unannounced. No financial terms disclosed.
Suyog Telematics lands IIT Bombay telecom infra deal
The micro-cap won a competitive H1 bid to set up towers, poles, and small cells on the IIT Bombay campus. No value disclosed, but the counterparty adds qualitative weight.
Advani Hotels drags MarketsMojo to SEBI over false data
After months of ignored complaints, the hotel chain files a formal petition alleging systematic false data and contradictory ratings. The regulator's response is now key.
Grasim taps Tanwani to run textiles as Agrawal moves within group
Sangeeta Tanwani appointed CEO (Designate) of Grasim's textiles business effective August 1, 2026, with a three-month handover to take charge from November 1. Kapil Agrawal moves to a new role within the Aditya Birla Group.
Sayaji Hotels promoter adds 3.55% stake via open-market buy
Azhar Yusuf Dhanani raises stake to 8.37% in a ₹528 cr hospitality firm, signaling confidence amid expansion into wellness contracts.
E Factor targets ₹300 cr FY26 revenue on IP pivot
Management guided a 38-50% revenue jump to ₹275-300 cr in FY26, driven by its new IP ownership model. The Shiva Immersive IP drew 45,000 paid visitors and generated ₹6 cr in its Delhi debut, with a second run starting mid-July.
Kilitch Drugs starts nutraceutical block, no revenue numbers
New manufacturing block begins at greenfield facility but capacity and investment undisclosed.
Premier Polyfilm sheds 'not cooperating' tag with ICRA upgrade
ICRA lifts Premier Polyfilm's long-term loans to A-(Stable) from BBB+(Stable) and removes the issuer-not-cooperating label. The **₹60 crore** facility upgrade signals improved credit profile and should cut borrowing costs.
ASI Industries diversifies into steel with ₹7.5 lakh subsidiary
The stone miner is setting up ASI Steel and Energy to explore a TMT plant. The initial outlay is a rounding error against its ₹224 cr market cap, and the subsidiary is yet to be incorporated.
HPL targets ₹1K cr C&I revenue as smart meter market widens
Record Q4 revenue above ₹500 cr followed by an aggressive FY27 C&I target of ₹1,000 cr. Smart meter TAM jumps to 31-32 crore units with a March 2028 deployment deadline.
Arfin India signs MOU with Japanese partners for titanium alloys
Arfin's subsidiary signed a non-binding MOU with Toyo Denka and JFE Shoji for technical support and distribution. For a micro-cap with ₹1,653 cr market cap, this partnership could open new markets.
JLR targets double-digit growth with hybrid push, North America focus
Range Rover and Defender will get a full hybrid option; a non-binding Stellantis MOU explores US-specific Defender products. The £1.8 bn investment plan is reaffirmed, with new electric models due this year.