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Lenders seize smid shares as prices fall

Mint Kolkata

|

April 03, 2025

Creditors invoke securities pledged by owners to borrow loans

- Nehal Chaliawala & Varun Sood

Lenders seize smid shares as prices fall

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.

Solar project consultant and contractor 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.

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Equity market fails to hold gains

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'Banks can't rely on service providers'

As banks worldwide double down on digital transformation, Reserve Bank of India (RBI) deputy governor Swaminathan J. has cautioned lenders that they cannot simply rely on third-party service providers for outsourced solutions.

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Mint Kolkata

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Your attention is the new currency for India’s streaming apps

India’s video-streaming platforms are beginning to value deeper, higher-quality viewer engagement, with watch time and total minutes viewed becoming core indicators amid plateauing paid subscriptions.

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2 mins

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Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

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1 mins

December 02, 2025

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Mandatory app may trigger pushback

misuse of mobile phones in various scams.

time to read

2 mins

December 02, 2025

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Top weapon firms' revenue up 6%

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.

time to read

1 min

December 02, 2025

Mint Kolkata

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E-tailers bank on creator content to draw shoppers

Broader selection of products and quicker delivery are no longer adequate to attract buyers

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3 mins

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Gen Z shoppers aren't spending like retailers need them to

More than other generations, 20-somethings are tightening their holiday-season budgets because of economic pressures

time to read

4 mins

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Mint Kolkata

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Automakers report brisk sales in Nov, demand remains robust

With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust sales growth in November as compared to a year ago.

time to read

1 mins

December 02, 2025

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Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

time to read

1 min

December 02, 2025

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