Notes archive.
Godavari Biorefineries lands Japanese patent for cancer compound
The sugar-to-ethanol producer was granted patent 7869786 for a compound targeting breast and prostate cancer stem cells. No commercialization plans were disclosed.
Mach Travel promoter doubles down with ₹6.5 cr share buy in a week
Amit Bhatia lifts total promoter holding above 74% via two open-market purchases, putting cash behind a string of recent government contracts.
Manba Finance enters South India with vehicle-financing partnership
The NBFC teams up with Sreesastha (Nammaloan) to launch two-, three-wheeler and used-car loans in Karnataka and Tamil Nadu, backed by a team with 100+ years of automotive lending experience.
Suven's experimental cognitive drug clears Phase 1 safety hurdle
SUVN-I6107, Suven's fifth internally discovered neuroscience NCE, showed no serious adverse events in 64 healthy volunteers and is moving into Phase 2.
Schneider Infra says parent-Foxconn AI deal doesn't involve it
The listed entity distanced itself from a tie-up that drove its stock up 10% on Monday, triggering an upper circuit and exchange queries.
Mini Diamonds lands ₹16.25 cr order from Aura Diamond
The domestic order for cut and polished natural diamonds is ~9.8% of market cap, due in four months with 150-day payment terms.
TCS pays final $70M to close DXC lawsuit
US Supreme Court denies certiorari, ending a long-running dispute. The incremental expense hits Q1 FY27, but total provision of $220M is just 0.73% of annual revenue.
Arvind Smartspaces locks in ₹180 cr Ahmedabad plotted project
The 58.25-acre JDA on Kerala-Nalsarovar Road strengthens the horizontal segment and supports the 35-40% bookings growth target.
Niyogin Fintech gets stable outlook from CRISIL as it turns profitable
CRISIL revised its outlook to Stable from Negative on Niyogin's long-term debt, reaffirming 'BBB-'. Net profit of ₹5.1 crore in FY26 ends years of losses.
Sudarshan Chemical lines up meet with Abakkus after Heubach deal
Abakkus Diversified Alpha Fund, a long-only institutional investor, will hold one-on-one talks with Sudarshan on June 17. The meeting comes two months after the company set **€35M** EBITDA targets for Heubach.
5paisa eyes preferential issue as SEBI reviews its licence
Board to meet after June 15 to consider equity issuance; size and pricing undisclosed. Move comes amid regulatory heat over investment-adviser registration.
Sapphire Foods clears exchange hurdle for Devyani merger
NSE and BSE give no-objection letters, but CCI approval and a secondary sale of up to 18.5% by promoter entity are required before NCLT filing.
Punjab gives Megastar 15-yr power duty holiday; incentives exceed m-cap
100% electricity duty exemption from Nov 2024 covering ₹88.68 cr of fixed capital. Potential incentives up to ₹881.86 cr, more than double market cap of ₹373 cr.
Govt to sell up to 5% stake in GIC Re via OFS at ₹352 floor
The central government will offload up to 5% of its holding in the reinsurer through an offer for sale, aiming to meet minimum public shareholding norms. The floor price of ₹352 per share values the offer at up to ₹3,322 cr.
Cranes Software: negative net worth, auditor flags going concern
Standalone loss widens to ₹2,005.57 lakhs; Bank of India declares promoters wilful defaulters. Company secretary Apeksha Nagori resigns.
GMR Power pledges another 16.6% of equity to secure NCDs
Pledging 16.6% more of its equity, GMR Power now has 26.85% of shares encumbered. The move points to liquidity strain at a company with 17x debt/equity and negative profit.
WeWork India sees promoter pledge on 3.18% stake released
Embassy Buildcon LLP releases the pledge on 43 lakh shares, lowering promoter encumbrance for the co-working operator as it reports doubled profits and net debt negativity.
SK International's operations revenue sinks 93%; auditor flags going concern
FY26 net loss of ₹29.67 lakh versus profit of ₹216.53 lakh last year. Unverified loans of ₹160.75 lakh and asset write-offs cast doubt on survival.
Jyothy Labs sues Henkel over Pril and Fa brand license expiry
The board approved litigation to enforce exit and transition mechanisms after Henkel declined to renew the 15-year license agreements that expired May 31.
Sudarshan Pharma board to weigh fund raise on June 18
The micro-cap drugmaker will discuss equity, convertible, or debt options, but the size, structure, and pricing remain undisclosed — leaving dilution or debt risk unclear.
Kati Patang promoter entity re-acquires 19 lakh shares from collateral pledge
Virtual Software & Training Pvt Ltd gets back 3.68% shares pledged as loan collateral, boosting its holding to 6.58%. First disclosure of the arrangement removes encumbrance risk.
Lloyds Engineering to mull preferential issue; no size or price yet
The board meets June 18 to consider issuing equity on a preferential basis. With no details on quantum or purpose, the move remains speculative.
Emmvee's manufacturing chief quits, internal successor named
CMO N Devendiran resigns effective June 15; GM Dinesh B Shenoy takes over. Change seen as non-disruptive.
Northern ARC links up with YES BANK in non-binding partnership
The NBFC will deploy credit via its 368-partner network and integrate platforms with the bank. No upfront fee or revenue target disclosed.
CLN Energy board to mull preferential issue on June 18
Nano-cap with ₹421 cr market cap may raise capital via equity or warrants; terms still unknown.