Notes archive.
Naturo Agrotech's revised FY26 results add nothing new
The nano-cap resubmitted already-disclosed audited results with the same severe auditor qualifications on loans, borrowings, inventory, and statutory dues.
3B Films promoters sell 3.73% in single day; no reason given
Three insiders sold 9,24,000 shares on June 11 amid a nano-cap firm already struggling with debt and losses.
Oasis Securities to add 150% more shares via ₹28 cr rights issue
The nano-cap is offering 277.5 million shares at ₹10 each in a 3:2 ratio. Existing shareholders face massive dilution.
JRA Infrastructure enters CIRP; Mrugesh Trading unaffected
NCLT Ahmedabad admitted promoter group company JRA Infrastructure to CIRP over a ₹13.80 crore loan default by HDFC Bank. Mrugesh Trading says its business is unaffected, but a 120-day negotiation window is open.
GSS Infotech enters retail with ₹50 lakh subsidiary
The IT services company has set up Polimeraas Retail Private Limited in Telangana. The investment is small, but it's 1.6% of market cap, material for a ₹32-cr firm.
Health X targets ₹6,000 cr FY30 revenue, Q1 hits ₹400 cr
FY26 revenue rose 18% to ₹1,283 cr, EBITDA loss narrowed to ₹65 cr. Management targets 5x growth with ₹424 cr warehouse capex, partly debt-funded.
Arisinfra PAT 10x but DAAS pipeline drops 16%, working capital reversal
FY26 PAT surged tenfold to ₹60 cr on ₹1,067 cr revenue; FY27 guided 35-40% growth. Yet the DAAS pipeline fell 16% in a month, management flipped on working capital, and the promoter trimmed a 2.26% stake.
Vegorama Punjabi Angithi posts 47% profit jump in maiden full-year results
First audited results since May IPO show revenue up 39% to ₹14,086.87 lakhs and net profit at ₹1,203.71 lakhs, with unmodified audit opinion. Stock trades at 34.5x trailing earnings.
Archean promoter pushes pledged stake to 12.4% in 8-day shuffle
Chemikas Speciality LLP created pledges on 89 lakh shares and released 59 lakh shares, net increase of 2.42 ppt. The move suggests debt restructuring, not distress.
E2E Networks CRO quits; revenue growth 185.7% stands
Personal reasons cited; no controversy. Trailing revenue surge of **185.7%** keeps momentum intact.
RACL Geartech guides ₹565 cr FY27 revenue, new project timelines in focus
Management sees 10% revenue growth to ₹565 cr, led by new orders from Royal Enfield, Kawasaki, and BMW. Q4 revenue jumped 48%; net profit surged. Exports at 75% of sales.
Schneider Electric President Systems gets BSE main board listing nod
The nano-cap firm moves from Metropolitan Stock Exchange to BSE's main board, a more liquid platform. But no fresh capital comes in.
Avanti Feeds expects $15-20M US tariff refund, reverses earlier stance
The import-of-record move could boost cash flows; guidance for FY27 projects 10-15% growth despite 43% fishmeal inflation.
Jinkushal hits record sales but cuts revenue target, shelves expansion
Standalone revenue surged 89% to ₹133 cr in Q4 FY26, but management trimmed the medium-term target to ₹600-700 cr from ₹800 cr and reversed plans to enter new markets.
Keerthi halts clinker plant as losses mount
Already flagged for going concern, the nano-cap cement maker shuts its core production from June 12.
Campus Activewear loses its CFO weeks after FY26 close
Sanjay Chhabra quits citing personal reasons; no replacement named yet. The exit creates a gap in financial stewardship at a company with ₹7,285 cr market cap and zero debt.
Midwest Energy posts profit but audit qualification sticks
Standalone net of ₹2.8 cr on ₹24.5 cr revenue. But for the second year, auditors flag ₹25.6 cr in intangible assets where Ind AS 38 criteria aren't fully evidenced.
Madhav Marbles seeks nod for ₹100 cr RPTs, 3x its market cap
An EGM on July 6 will vote on related party loans and guarantees totalling ₹100 crore, against a market cap of ₹33 crore. Some counterparties carry going-concern doubts.
Affle promoters borrow $170M against entire 54.9% stake, plan buybacks
The promoters disclosed the first quantified breakdown of a $80M-$170M facility secured by their entire holding, with up to $70M earmarked for share repurchases and a mandatory $90M for preferential issuance.
Royal India's audit error fixed, but story hasn't changed
The company corrected a qualified opinion to unmodified; financials identical. Bullion revenue still zero, profit relied on one-time other income.
Onix Solar promoter sells ₹26 cr of shares, stake dips to 54.60%
Promoter Onix Renewable sold 1.84% equity off-market just after a ₹60 cr rights issue. The signal is mild but notable.
JSW Energy switches on 150 MW Tidong hydro project early
The 150 MW addition adds just 1.1% to capacity and was already telegraphed, making it a routine milestone for a company of its size.
Bodhi Tree targets ₹250 cr revenue in three years as IP push takes shape
Q4 FY26 margin hit 16.52%. The ₹118 cr nano-cap now owns stakes in Moving Images and Lehren Networks. It must prove it can deliver on ambitious targets.
GIC pares Sapphire Foods stake to 5.003% in ₹68 cr sale
Singapore sovereign wealth fund sold 4 million shares, cutting holding from 6.248% to 5.003%. The sale falls below the 3%-of-market-cap materiality threshold but signals softening conviction.
RLF to convert promoter loan into equity, terms unknown
A board meeting will consider preferential allotment to turn debt into equity. No loan size or conversion price disclosed yet.