Notes archive.
ESAF SFB crosses ₹50,000 cr in total business
A milestone already visible in quarterly numbers, backward-looking and unlikely to move the stock for a micro-cap bank.
Mobavenue launches PiiX AI platform for Apple Search Ads, no financial details
The ₹2,173 cr small-cap company unveiled the platform but provided no revenue projections or binding contracts, making this a routine business development event.
HOEC's Q4 presentation confirms prior results, offers no surprises
The earnings call deck for Q4 FY26 repeats already-reported financials. The ongoing HPCL dispute is mentioned but no new developments.
Exhicon adds Nashik to venue pipeline with heads of terms
The 9,775 sq m mixed-event site in Panchwati is the third such preliminary deal in months. Definitive pacts wait on design and approvals.
Flair Writing enters wooden pencils, sells 147 mn mechanical units
The company enters the wooden pencil segment, which accounts for 90% of the pencil market. But it hasn't yet disclosed how much revenue this adds.
Hexaware wins dismissal of $500M patent suit
US federal court rules nine patents cover abstract ideas, striking down the centrepiece of a lawsuit that represented 13.5% of Hexaware's market cap.
Reliance Infra's toll road unit faces CIRP as NCLT admits ₹282.6 cr claim
Canara Bank's insolvency petition accepted; parent said it had already provided for its ₹355 crore exposure (10% of market cap).
Veefin board to vote on moving to BSE mainboard, NSE listing on June 16
Veefin Solutions is one step closer to leaving the SME segment. Its board will meet on June 16 to approve migration to the BSE main board and direct listing on NSE, pending shareholder and regulatory nods.
Amir Chand signs celebrity agency, but no numbers
The rice exporter and FMCG firm hires Bollywood and Tollywood talent agency for brand-building. Yet the filing carries no financial commitment, revenue impact, or celebrity names.
Raghunath International posts halved PAT, auditor flags overdue debtors
Audited FY2026 results: PAT fell to ₹105.46 lakhs from ₹252.84 lakhs; qualified opinion on ₹28.86 lakhs in unprovided overdue debtors; emphasis of matter on unreconciled balances and inventory.
AdaniConneX buys shell firm for ₹765 cr in data centre push
AdaniConneX acquires Madhuvanti Build Estate, a shell with land and licenses, for less than 0.2% of Adani Enterprises' market cap. Routine move.
Manglam Global just took on debt worth 185% of its market cap
The ₹14 cr nano-cap also raised authorised capital by 33% and set ₹250 cr RPT limits. The new auditor appointment follows a resignation.
Sagility buys Careseed LLC for up to $30M in US healthcare analytics push
The acquisition is a small bolt-on at 1.4% of market cap, and aligns with building analytics capabilities in the US healthcare market.
Dabur gets US FDA import alert — but only for minuscule revenue slice
The Silvassa plant is under an Import Alert for data integrity issues, but Dabur says the affected products generate 'insignificant revenue'. Domestic business is untouched.
Abate AS consolidated revenue surges to ₹159.4 cr
Subsidiary consolidation drives consolidated revenue from ₹14.1 cr to ₹159.4 cr; net profit jumps to ₹12.3 cr.
HOEC FY26 profit down 26% after ₹259-cr HPCL sale reversal
The cancellation of a crude oil sale to HPCL after a quality dispute erased ₹259 crore in revenue. An exceptional gain from a stake acquisition cushioned the blow, but the dispute remains unresolved.
Anupam Rasayan scores a global first in ETFA production
The company claims a world-first commercialisation of Ethyl trifluoroacetate via continuous flow chemistry, with an addressable market of **$500–600M** but no revenue number yet.
VMS TMT insider buys 2.66% stake from fellow promoter at ₹45
Rishabh Singhi will purchase 13,22,154 shares from Varun Jain for ₹5.95 crore, a price near the 60-day VWAP. The aggregate promoter holding stays put.
HOEC PBT falls 26% as ₹259-cr HPCL sale cancelled
Revenue reversal and inventory overhang weigh on FY26 results; exceptional gain from B-80 stake partially offsets. Auditor flags HPCL dispute.
Motisons Jewellers closes ₹150 cr QIP at 4.57% discount
Allotted 13.57 crore shares to institutional buyers at ₹11.05 per share, raising growth capital and diluting equity by ~12.7%.
BCPL bags ₹2.89 cr Eastern Railway order for capacitor banks
The nano-cap's third small win in a month adds to a growing order book, with ₹13 cr and ₹4.72 cr contracts already secured in June.
Resourceful Automobile loses second auditor; IPO proceeds untracked
Statutory auditor N G M K S & Associates resigned after less than a year, citing health but also flagging that the company failed to provide IPO proceeds utilisation details. The nano-cap has now changed auditors twice.
Ravindra Energy's promoter pledges ₹90 cr of shares after ₹205 cr rights issue
Khandepar Investments placed 12% of its promoter stake as collateral for financing, likely tied to the company's recent capital raise. The pledge leaves ownership unchanged at 32.29% but adds debt risk.
S.P. Apparels lends ₹42 cr to UK arm — routine but sizeable
The unsecured loan at 9% for three years is the largest equity-like infusion to date but was already telegraphed. It supports working capital, not a new strategy.
Deepak Fert puts ₹19k cr on transformation with new hire
Rajib Bhattacharjee joins as President - Transformation from Galaxy Surfactants. A newly created role with no financial targets.