Notes archive.
Niraj Cement promoter bids for 26% at ₹29, could take stake to 92%
Gulshankumar Chopra, owning 8.75%, has already bought 41% in pre-offer deals. If the open offer is fully subscribed, promoter holding could exceed 90%, likely forcing a delisting.
Karbonsteel targets ₹400 cr revenue in FY26 as order book surges 75%
FY25 normalized PAT at ₹16.56 cr after one-time hits; management guides EBITDA margins of 12-13%.
Viji Finance allots warrants but issue shrinks as three investors drop out
The nano-cap NBFC raised ₹24.78 cr via warrants, down from planned ₹35.70 cr; dilution of over 60% looms.
Deccan Polypacks net loss, negative equity; auditor flags going concern
The nano-cap's annual results show net worth of -₹1,364.16 lakhs against long-term debt of ₹1,367.87 lakhs. Auditor cites going concern uncertainty and missing confirmations.
Ecoline Exim aims for backpacks to deliver 50% revenue in two years
The ₹286-crore packaging firm is pivoting to polyester backpacks, targeting 25-30% of FY27 revenue and half within two years, citing demographic tailwinds and anti-dumping duties on Chinese imports.
Ravindra Energy's associate rolls out 45 e-trucks for UltraTech Cement
Energy In Motion and Paradeep Parivahan deploy electric heavy-duty tractors on a 250-km clinker corridor, cutting 8,900 tonnes of CO2 annually and lowering upfront vehicle costs by 40%
KS Smart lands ₹111 cr non-binding LOI for UP digital infrastructure
The order, worth 8.5% of FY26 revenue, is a non-binding letter of intent from UPDESCO. Final agreement and execution by Oct 2026.
Yash Innoventures promoters sell 0.62% — fourth stake sale in four months
Gnanesh Bhagat and his concert parties offloaded shares on June 9, reducing promoter holding to 64.78%. The repeated insider sales draw scrutiny after a ₹10 cr MD loan.
RBM Infracon slashes FY27 revenue target to ₹700 cr from ₹1,000-2,000 cr range
Nano-cap engineering firm also flags main board migration delay and stalled railway tender, but FY26 revenue jumped 53% to ₹492 cr and order book stands at ₹4,500 cr.
Gillette India shines on Guard 3-in-1 launch, margin gains
FY26 revenue up 8%, profit up 23%, structural margin improvement of 300+ bps. Guard 3-in-1 sold 1M razors in first month. Management cautious on commodities, no FY27 guidance.
MSP Steel board to consider changing use of warrant funds
The small-cap steelmaker's board will meet to vary the use of proceeds from a preferential convertible warrant issue. No details on the size or direction of the change, but the agenda is new.
RDB Infrastructure pledges ₹17.75 cr guarantee for group firm, adds land
Board approves guarantee to Axis Bank for RDB Real Estate Constructions, about 3.5% of market cap, and purchases 1.56 acres land in Odisha.
Modulex raises ₹45.75 cr via warrant conversion, a third of its market cap
The pre-revenue construction tech company converts 3.39 crore warrants into equity, funding Phase I of its Maharashtra factory. The cash infusion equals 40% of its market cap, but existing shareholders face 30% dilution.
ICRA lifts Senco Gold to A+ on strong FY26 run
The one-notch upgrade confirms record revenue and margin gains, but the market already had these numbers. The real test is whether Senco can sustain margins as gold prices cool and hedging costs rise.
Prostarm relocates servo stabilizer, lithium battery units
The micro-cap electric equipment maker moves two operations accounting for about 7.89% of revenue, but gives no cost or capacity figures.
Shree Hanuman Sugar's FY26 loss at ₹89 lakh, plant idle since 2012
Audited annual results show negligible revenue of ₹4.35 lakh; auditor repeats going concern qualification. Company remains under CIRP with no new material developments.
Systematic Industries lands first Power Grid EPC order, eyes ₹1,000 cr OPGW pipeline
The company's entry into utility-grade OPGW and OFC markets, backed by a net-debt-free balance sheet, sets the stage for revenue growth acceleration beyond 25%.
Pakka's CFO resigns as credit downgrade, debt pressure mount
Chief financial officer Neetika Suryawanshi steps down effective June 30, leaving a key vacancy as the packaging company faces a two-notch downgrade, a promoter pledge, and project delays.
Bluegod adds LLC co-founder as director after scrapping IP deal
Raman Raheja, co-founder of Legends League Cricket, joins the board; Ritu Tiwari named independent director. Shareholder approval pending.
GACM Tech board to mull UK subsidiary, two stake buys via share swap
GACM Technologies will meet on June 25 to consider an international expansion and acquisitions through a preferential share swap. The nano-cap, with a market cap of just ₹9 crore, posted ₹8.60 crore profit last year.
GACM Tech board to mull UK arm, two stake buys
Nano-cap GACM's market cap is ₹58 crore. The board will consider a UK subsidiary and preferential issuance to buy minority stakes in Market Simplified India and WEXL Edu.
TCI Industries raises ₹10 cr from promoters via 20-year preference shares
2,50,000 zero-coupon NCRPS at ₹400 each, no voting or dividends. A 7.2% of market-cap injection from inside the group.
Megastar fixes subsidy typo: ₹88.68 cr, not ₹881.86 cr
The 15-year electricity duty exemption was misstated. The correct maximum benefit is ₹88.68 cr, still 24.5% of market cap.
Bharat Forge's KSSL unveils Simha 4x4 at Eurosatory, no order attached
The armoured vehicle launch with Paramount is a genuine new product. But for a ₹97,195 cr company, it's a credential builder without immediate financial impact.
Jhandewalas annual report: known issues, no fresh surprises
FY25-26 report consolidates qualified opinion, CIRP status, and loan defaults already disclosed in prior filings.