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Lenders seize smid shares as prices fall

Hindustan Times Navi Mumbai

|

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.

- Nehal Chaliawala & Varun Sood

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.

FLERE HISTORIER FRA Hindustan Times Navi Mumbai

Hindustan Times Navi Mumbai

In historic moment, Britain’s King Charles prays with Pope Leo

King Charles III on Thursday became the first head of the Church of England to pray publicly with a pope since the schism with Rome 500 years ago, ina service led by Leo XIV.

time to read

1 min

October 24, 2025

Hindustan Times Navi Mumbai

Hindustan Times Navi Mumbai

Tejashwi named Oppn CM face; Sahani dy CM pick

The Opposition Grand Alliance in Bihar on Thursday named Rashtriya Janata Dal (RJD) leader Tejashwi Yadav as its chief ministerial candidate and Vikassheel Insaan Party (VIP) chief Mukesh Sahani as its deputy chief ministerial face for the assembly polls next month, attempting to project a united face after weeks of squabbling over seats.

time to read

1 min

October 24, 2025

Hindustan Times Navi Mumbai

Hindustan Times Navi Mumbai

After US, EU piles pressure with more Russia sanctions

The European Union (EU) heaped more economic sanctions on Russia on Thursday, as Chinese state oil companies suspended purchases of seaborne Russian crude following sweeping US sanctions, dealing a double blow to Moscow’s war revenues.

time to read

3 mins

October 24, 2025

Hindustan Times Navi Mumbai

PAKISTAN BANS RADICAL ISLAMIST PARTY TLP AFTER RECENT PROTESTS

Pakistan's cabinet on Thursday approved a decision to ban the extremist Tehreek-e-Labbaik Pakistan (TLP) party under the Anti-Terrorism Act after it recently staged violent protests in the country.

time to read

1 min

October 24, 2025

Hindustan Times Navi Mumbai

Zelensky hails Trump sanctions on Russia

Ukraine's President Volodymyr Zelensky on Thursday hailed US President Donald Trump's “resolute” decision to sanction Russia's energy sector, as Washington's patience finally snapped with Moscow for stalling peace efforts.

time to read

1 min

October 24, 2025

Hindustan Times Navi Mumbai

Friendly fights to angry cadre: What ails Cong

THE OPPOSITION GRAND ALLIANCE HAS BEEN RIVEN BY PUBLIC INFIGHTING OVER CHOICE OF SEATS, CANDIDATES AND IS STILL FACING ‘FRIENDLY FIGHTS’ IN 10 SEATS

time to read

2 mins

October 24, 2025

Hindustan Times Navi Mumbai

MAHAYUTI ALLIES SET TO GO SOLO IN SOME LOCAL BODIES IN MMR

MUMBAI: In order to avoid rebellion within the ranks of the Mahayuti alliance partners, the combine may go solo in some of the nine municipal corporations in the Mumbai Metropolitan Region (MMR), while in some others, the allies will fight together.

time to read

1 min

October 24, 2025

Hindustan Times Navi Mumbai

BANKS TO ALLOW FOUR NOMINEES FOR ACCOUNTS, LOCKERS NOW

Starting next month, you'll be able to have as many as four nominees for your bank accounts and lockers, compared to just one at present.

time to read

1 mins

October 24, 2025

Hindustan Times Navi Mumbai

Deloitte pegs India’s FY26 GDP growth at 6.7-6.9%

THE FIRM RAISED ITS EARLIER FORECAST OF 6.5%, ON STRONGER-THAN-EXPECTED CONSUMPTION AND INVESTMENT

time to read

1 min

October 24, 2025

Hindustan Times Navi Mumbai

Hindustan Times Navi Mumbai

Bellingham taps in rebound, helps Real get into Clasico mood with win over Juventus

Jude Bellingham has produced goals way more spectacular but his winner on Wednesday sent a message to Real Madrid’s rivals, among whom are La Liga leaders Barcelona at the weekend and Liverpool early next month. And to Thomas Tuchel ahead of England's engagements against Serbia and Albania next month.

time to read

3 mins

October 24, 2025

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