Notes archive.
Boston Commerce's auditor flags going concern after write-offs wipe out assets
A qualified audit report reveals the auditor initially gave a false clean opinion, which had to be corrected. Virtually all assets are gone, net worth is negative, and shareholders never approved the write-offs.
Neetu Yoshi gets nod to make FIAT bogie brake parts for Indian Railways
Rail Coach Factory, Kapurthala has cleared the nano-cap to bid for brake-support contracts for four years.
President clears REC merger into PFC, creating a ₹10 lakh crore lending giant.
The biggest regulatory hurdle is cleared. What's left is the money: agreeing on a share-swap ratio that satisfies both sets of shareholders.
Spice Islands taps Wockhardt scion as new chairman
Dr. Huzaifa Khorakiwala, an executive director at Wockhardt and a prominent humanitarian, joins as non-executive chairman. Real estate veteran Nikhil Mathur also joins the board.
Auditors flag six problems at Kothari. ₹33 cr in trade balances can't be confirmed.
A qualified audit report points to unverified balances, unreconciled credits, and missing inventory data at the ₹1,782-crore micro-cap. The company says it's working on it.
HPCL hands 3i Infotech its biggest single-service win in years
A three-year, ₹37.05 crore contract for nationwide IT management gives the audit-strained tech firm a rare piece of good news from a blue-chip counterparty.
Suratwwala to present at Hem Securities virtual meet. No new info expected.
A routine regulatory intimation for a nano-cap. The company explicitly states no unpublished price-sensitive information will be shared.
Health X splits its tiny finance arm, absorbs core healthcare unit into parent
A complex restructuring demerges a 1.1%-of-revenue financial business into a new listed entity while merging the much larger Sastasundar Healthbuddy drug-distribution unit back into the listed company.
Ahluwalia Contracts' FY26 profit jumps 31%, final dividend steady at 35%
Audited results confirm 11.4% revenue growth and a 31% PAT increase. A final dividend of 35% was declared.
Esaar to raise ₹60 cr, a sum 2.5 times its own market value
The nano-cap's board approved a rights issue of up to ₹60 crore against a market capitalisation of just ₹24 crore.
Harbhole Agrotech files to bankrupt Evoq Remedies
An operational creditor has moved the NCLT to start insolvency against Evoq Remedies, a nano-cap with a going-concern qualification, unpaid taxes, and a SEBI probe.
V-Mart's COO quits. The CFO now runs both jobs.
Vineet Jain is leaving to pursue a new opportunity. CFO Anand Agarwal will now run operations too, a consolidation during a store expansion phase.
Mafatlal gets ₹8.63 cr environmental penalty for Nadiad unit
Central Ground Water Authority has slapped Mafatlal with compensation for a delayed NOC application. The company is contesting.
CARE cuts Vishnu Prakash R Punglia's rating to junk after a ₹156 crore cash loss.
The rating agency moved the infra firm to 'Issuer Not cooperating' after a brutal Q4 showed a ₹130 crore operating loss and promoter pledge at 93% of holdings.
IOL Chemicals halts one unit for 10 days after fire at its Minoxidil plant
A fire at the Minoxidil manufacturing unit was controlled without injury. Only Unit-9B is offline; all other operations continue.
Srivasavi plots path to ₹1,000 crore revenue after landing defense, railway contracts
FY26 revenue grew 22% to ₹109.98 crore but profit slipped as capex of ₹17.14 crore weighed. Management is targeting double-digit margins in FY27 as new capacity ramps.
Linc's promoter Aloke Jalan bought ₹11 crore of company stock in one go.
The off-market transmission on June 9 raised his stake to 5.96%. The purchase is material for a ₹585 crore market cap.
Vascon lands its biggest-ever order, worth 47% of its market cap
A ₹347 cr CPWD contract to rebuild RBI staff quarters in Guwahati is the largest single order for the micro-cap builder.
Desi Farms India can't close its FY26 audit, asks for more time.
A nano-cap dairy company trying to close a ₹552 cr acquisition can't yet produce audited results for the year ended March 2026. The board meeting is now delayed again.
ICICI Prudential cuts IEX stake below 5% after selling ₹1.87 cr shares
The fund manager sold **1.87 crore shares** over 11 months, dropping below the threshold that marks a significant shareholder.
Maharashtra pollution board shut Bharat Wire Ropes' main plant
A regulatory order has halted operations at the Chalisgaon factory, the company's registered office and primary manufacturing site.
IFB's AC motor still in trials after earlier claims of external sales
The engineering unit missed its FY26 order target by 40%. Management now targets Rs 350 crore for the year ahead while chasing Rs 150 crore in cost cuts.
Zee Entertainment clears ₹2,300 cr floor for capital raise, 22% of market cap
The board has approved a minimum fundraising but has not decided on the instrument, leaving a material dilution or leverage event hanging over the stock.
Vantage Knowledge Academy signs non-binding MOU with Mumbai management college
A nano-cap education company partners with a university-affiliated institute. No money, no enrollment targets, and no binding terms are on the table.
Shree Pacetronix's joint MD just put ₹2.56 cr of his own money into the stock
Akash Sethi's stake jumped from 8.76% to 13.51% after acquiring 1,78,000 shares in an off-market deal worth ~4.7% of the ₹54 crore company.