Try GOLD - Free
Lenders seize smid shares as prices fall
Hindustan Times Noida
|April 03, 2025
A stock price plunge and, in some cases, a cash crunch has prompted creditors to take control of shares pledged by promoters of at least 15 small-cap companies over the past six months.
MUMBAI/BENGALURU:
Solar project consultant and contactor Gensol Engineering Ltd and payment solutions provider AGS Transact Technologies Ltd, two companies that recently defaulted on loans, are among the small-cap firms that reported invocation of pledged shares, according to Prime Database, a Mumbai-based markets data tracking firm.
Other such companies that saw promoter shares taken over by lenders include renewable energy producer Orient Green Power Co. Ltd, digital services assistance provider Vakrangee Ltd, ready-mix concrete provider NCL Industries Ltd, chemicals maker Sadhana Nitro Chem, and electric two-wheeler company Wardwizard Innovations & Mobility Ltd. These firms have a market cap between ₹5 crore and ₹1,500 crore.
This story is from the April 03, 2025 edition of Hindustan Times Noida.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Noida
Hindustan Times Noida
‘Handling pressure of being hosts key to India’s ambitions in WC’
Few names in women’s cricket carry as much weight as Belinda Clark's. A pioneer, record-holder and administrator, Clark has been a trailblazer but also witnessed the evolution of the game.
3 mins
October 03, 2025
Hindustan Times Noida
Karan hits back at ex, Anusha, later deletes his Insta post
Actor Karan Kundrra has hit back at allegations made by his former girlfriend, actor-host Anusha Dandekar, who recently suggested he had been unfaithful during their three-and-a-half-year relationship.
1 min
October 03, 2025
Hindustan Times Noida
Doyen of classical music who transcended genres and enriched India’s cultural legacy
{ PANDIT CHHANNULAL MISHRA } 1936-2025
1 min
October 03, 2025
Hindustan Times Noida
Hexaware faces $500 million patent lawsuit
American information technology (IT) services firm Natsoft Corp. sued Hexaware Technologies Ltd for breach of contract and patent infringement, seeking $500 million in damages from the latter, in one of the biggest patent cases against an Indian IT firm.
2 mins
October 03, 2025
Hindustan Times Noida
At UNHRC, India slams Pak for 'hypocrisy' over human rights
India slammed Pakistan at the 60th session of the United Nations Human Rights Council (UNHRC) in Geneva, for its “hypocrisy” on human rights and highlighting the persecution of minorities within Pakistan.
1 mins
October 03, 2025
Hindustan Times Noida
DU keeps you grounded: Miss Universe India Manika
This 22-year-old student of Delhi University (DU) is no ordinary girl next door.
1 mins
October 03, 2025
Hindustan Times Noida
A colonial era prison lost to time
The Old Central Jail, once a Mughal 'serai' and later a colonial prison, exists today in fragments amid weed and a fading memory
3 mins
October 03, 2025
Hindustan Times Noida
{ DR GG PARIKH } 1924-2025 Veteran Gandhian leader, freedom fighter Parikh dies at 101
It was befitting that the last of the legendary Gandhians should die on Gandhi Jayanti. Dr GG Parikh who passed away on Thursday morning was one of those rare figures whose death at the age of 101 will be mourned not just by the grey eminences talking about a ‘second’ freedom movement, but also by hundreds of young grassroots workers for whom he was an inspiration, and as evidenced by many of them breaking down at his funeral in Mumbai.
2 mins
October 03, 2025
Hindustan Times Noida
Messi to visit India for 4-city tour in December
Lionel Messi on Thursday confirmed his participation in the much-anticipated GOAT Tour of India, calling itan “honour” to revisit the “passionate football nation” where he last played 14 years ago.
1 min
October 03, 2025
Hindustan Times Noida
First day, first show: Pace makes Windies crumble
India are only 41 runs away from taking a first innings lead with eight wickets in hand
3 mins
October 03, 2025
Listen
Translate
Change font size