Particle.news

Download on the App Store

Small-Cap Moves: Bhatia Raises ₹8.9 Crore on Warrant Conversion, Hazoor Dividend Cleared, Advik Plans Rebuffed

Shareholder decisions steer funding, dividends, dilution, prompting short-term swings across these Indian microcaps.

Overview

  • Bhatia Communications converted 50 lakh warrants into 50 lakh equity shares at ₹23.75 each on September 30, with the filing indicating about ₹8.90 crore received from the allotment to investors including Ebisu Global Opportunities Fund.
  • Hazoor Multi Projects won shareholder approval at its September 29 AGM for a final dividend of 20% (₹0.20 per ₹1 share), and the stock rose more than 3% intraday after the filing; the record date was September 22.
  • Advik Capital’s 40th AGM failed to approve proposals to raise authorized capital, issue new securities, increase borrowing limits, create charges, extend loans or guarantees beyond set limits, and clear related-party transactions, halting these actions until fresh approvals.
  • BSE Analytics data show persistent pressure on Advik Capital’s shares, with declines of over 4% in the past week, over 6% in two weeks, roughly 12% in three months, 14% in six months, and 49% over one year.
  • Across September’s 22 trading days, five small-cap stocks delivered multibagger returns, led by CIAN Agro Industries with a 188% gain, underscoring sharp dispersion in outcomes tied to filings and AGM results.