RMCLNSERadha Madhav Corporation Limited· PackagingHighNeutral
Announced Thu, 30 Jul, 2026 · 17:00 IST

Allotment of 1.11 cr shares to Resolution Applicant under NCLT plan

Price reaction

Awaiting price reaction for this filing.

AI summary

Radha Madhav Corporation has disclosed receipt of Form B under insider trading rules. Plug & Play Retail and Distribution Pvt Ltd and Mr. Vijay Patel (Successful Resolution Applicant) have been allotted 1,11,70,000 equity shares under the Resolution Plan approved by NCLT via its order dated August 1, 2022. The disclosure is filed as required under SEBI insider trading regulations for share allotments to insiders.

Likely market impact

Significant equity issuance under the company's insolvency resolution; likely dilutes existing shareholders and brings the resolution applicant into the shareholding structure.