Tipsheet
What matters at India’s listed companies
Archive / Page 96

Notes archive.

Fri · 05 Jun
7
M&A · Pharmaceuticals

NCLT clears Orchid-Dhanuka merger. Integration starts now.

The Chennai bench approved the scheme on Friday, turning a March announcement into an executable deal. The order copy is awaited.

ORCHPHARMA Small cap 5:30 PM
6
M&A · Cement

Sagar Cements to swallow the 25% of Andhra Cements it doesn't own

The board has set a 29-for-98 share swap to absorb the subsidiary, a move to cut costs and unify operations. Multiple approvals still stand between the plan and reality.

SAGCEM Small cap 5:27 PM
6
Earnings · Water Management

Ion Exchange profit margins shrink as Roha plant costs bite

EBITDA margins fell to 2.31% despite a 3% revenue rise, as new manufacturing lines came online and West Asia operations remained under pressure.

IONEXCHANG Mid cap 5:25 PM
5
Earnings · Stock Broking

Meghna Infracon's annual audit is in. The PF and gratuity flag remains.

The board submitted detailed audit reports for Q4 and FY26. The auditor's modified opinion for statutory non-compliance, already disclosed, is reiterated.

MIIL Small cap 5:25 PM
6
Concalls · Engineering - Industrial Equipments

Rishi Laser's Malur plant took too long. Profit fell 55%. Now it wants ₹190 cr.

Management admitted a botched plant commissioning hurt FY26 earnings. It's betting a fully operational Malur plant and a Pune recovery will deliver ₹190 crore in revenue this year.

RISHILASE Micro cap 5:24 PM
6
Ship Building

Knowledge Marine accelerates ₹285 cr fund deployment, shelves Bahrain on geopolitics

The shipbuilder is now spending its preferential capital in 12-16 months, not three years, and holding EBITDA margins at 35-40% as it targets 30% annual revenue growth.

KMEW Mid cap 5:22 PM
8
M&A · Cement

Andhra Cements to merge into Sagar Cements at 29:98 swap ratio

The parent-subsidiary consolidation will delist the nano-cap cement maker if shareholders, creditors, and the NCLT approve.

ACL Micro cap 5:19 PM
5
Finance - Investment

Jindal Photo pushes preference-share redemptions back five years

The board wants to extend the tenure of two series of redeemable preference shares. Holder consent is still needed.

JINDALPHOT Small cap 5:17 PM
5
Consumer Food

Gopal Snacks faces ₹16.56 cr GST demand over fryums classification

The demand equals 22.5% of last year's profit, but the company has won Gujarat High Court stays on similar notices for prior years.

GOPAL Small cap 5:15 PM
5
Earnings · IT - Software

Xelpmoc's Q4 transcript adds nothing new beyond the concall summary.

The filing is a routine record of a June 1 earnings call. Management discussed operational performance and product updates for DocuXray and RELY.

XELPMOC Micro cap 5:08 PM
8
Credit · Trading

Rose Merc raises ₹15.7 cr from warrant conversion, equal to 37% of market cap

Four non-promoter investors converted warrants to inject cash into the nano-cap. The new capital is a major event relative to its size.

ROSEMER Micro cap 5:05 PM
5
Earnings · Engineering - Construction

Highway Infrastructure's concall transcript adds nothing new

The Q4 and FY26 earnings call transcript reiterates already-disclosed results and guidance, offering no fresh insight for investors.

HILINFRA Micro cap 5:04 PM
6
IT - Hardware

Nanta Tech targets 60-65% revenue from robotics, AI in FY27

The nano-cap is shifting its business model fast. Management guided for 50% revenue growth in FY27, with a specific push into higher-margin automation.

NANTA Micro cap 5:04 PM
6
Earnings · Engineering - Construction

B.R. Goyal guides for 20-25% growth after 61% revenue surge

FY26 revenue hit ₹820 crore with profit up 78%. The company is now chasing larger contracts and new verticals to sustain the momentum.

BRGIL Micro cap 5:00 PM
6
Engineering - Industrial Equipments

Nesco walks away from all four Raipur-Vizag expressway sites

The company is surrendering the leases, citing unrest, poor infrastructure and regulatory hurdles. The financial hit is unquantified.

NESCO Mid cap 5:00 PM
7
Textile

SBC Exports freezes ₹99 cr promoter debt conversion

A micro-cap's plan to wipe ₹99.05 crore off its promoter loans is now stuck in procedural limbo, with withdrawal on the table.

SBC Small cap 4:57 PM
6
Finance - Investment

New promoter locks in board at Harmony Capital, ousts two directors

Rajesh Ghosh's appointment as director is confirmed, while shareholders reject the reappointment of two retiring directors, cementing his control.

HRMNYCP Micro cap 4:55 PM
6
Concalls · Engineering - Industrial Equipments

Tembo sets ₹1,600 cr FY27 target, lands ₹300 cr Kuwait bid

Management guided 30-40% revenue growth and disclosed it is the lowest bidder on a major offshore project.

TEMBO Small cap 4:51 PM
6
Concalls · Software Services

HGS broadband arm wires 2 million UP households in state MoU

Hinduja Global Solutions' broadband unit signed a memorandum of understanding with the Uttar Pradesh government to connect over 2 million households under Project GANGA.

HGS Small cap 4:46 PM
6
Earnings · Auto Ancillary

Lumax margins hit 9.8% as LED pipeline swells to ₹2,200 cr

The auto-lighting maker's FY26 revenue grew 23% and the order book is now almost half of annual sales. Management is guiding double-digit margins for FY27.

LUMAXIND Small cap 4:42 PM
6
Earnings · Finance - Investment

Wealth First exits equity trading, launches AMC as profit flips to ₹10.5 cr

The micro-cap wealth manager swung to a quarterly profit after completing its exit from proprietary equity trading, and is now launching an asset management arm.

WEALTH Small cap 4:41 PM
5
Credit · Auto Ancillary

Rajratan's outlook turns stable. But it's not a real upgrade.

ICRA lifted the negative outlook, confirming a better credit path. The base rating that actually sets borrowing costs stayed the same.

RAJRATAN Small cap 4:38 PM
7
Trading

Pearl Green's CFO, auditor, and a director quit in one meeting

A nano-cap with a ₹36 crore market cap lost three key oversight figures and its statutory auditor, who had been on the job for about a year.

PGCRL Micro cap 4:35 PM
7
Credit · Finance - Investment

Nexus Select sponsors pledge 15% of the REIT to Deutsche Bank

Sponsor entities encumbered **228 million units**, worth **₹35,160 crore**, to secure an offshore loan. A default could trigger a forced sale of a massive block.

NXST 4:34 PM
6
Earnings · Semiconductors

RIR books first overseas order as Odisha plant nears start-up

The micro-cap electronics maker says its Odisha epitaxy clean room is built, equipment goes in by July, and first operations begin in Q2 FY27.

RIR Small cap 4:29 PM