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Capital markets regulator Sebi has levied fines totalling Rs 1 crore on Kalahridhaan Trendz and its promoters after finding that the SME company concealed a loan default and misled investors through false corporate announcements. Kalahridhaan Trendz Ltd (KTL) is in the business of manufacturing and trading of various types of fabrics and was listed on the NSE's SME platform Emerge. Sebi restrained KTL and its promoter and Managing Director Niranjan D Agarwal from the securities markets for two years. Directors Aditya N Agarwal and Sunitadevi Niranjan Agarwal have been prohibited for one year. In a 57-page final order on Thursday Sebi found that KTL failed to disclose its default in repayment of HDFC Bank credit card dues within the timeline mandated under the Listing Obligations and Disclosure Requirements (LODR) Regulations. The company admitted during the proceedings that the disclosure should have been made but attributed the lapse to an inadvertent omission. However, Sebi reje
Aggregate small business credit exposure has reached Rs 46 lakh crore, an increase of 16 per cent as of September 30, a report said. "Active loan accounts have grown by 11.8 per cent to 7.3 crore. Policy support and multiple government credit schemes for MSMEs have helped sustain this momentum," CRIF High Mark-SIDBI Report said. Portfolio quality has improved across segments, it said, adding that loans overdue by 91 to 180 days declined to around 1.4 per cent as of September 2025, from 1.7 per cent in September 2023, it said. Enterprises continue to show lower risk profiles. Sole proprietors have also seen steady improvement and the share of very low and low-risk borrowers increased between September 2023 and September 2025, supported by better underwriting practices and wider use of digital data. "Sole proprietors continue to dominate the credit ecosystem. They account for around 80 per cent of total credit and nearly 90 per cent of borrowers. The fastest-growing segment is sole .