Annual Report 2024-25
Awaiting price reaction for this filing.
Radha Madhav Corporation Ltd has submitted its 21st Annual Report for FY2024-25, with the AGM scheduled for September 30, 2025. The company emerged from a Corporate Insolvency Resolution Process after NCLT Ahmedabad approved VAMA Construction Co's resolution plan on August 1, 2022, leading to a 100:1 share capital reduction and the old promoter shareholding being extinguished. FY2024-25 financials show a sharp decline: revenue from operations was just Rs. 1.40 million (vs nil in FY24), total income stood at Rs. 33.60 million (vs Rs. 38.48 million), while profit after tax collapsed to Rs. 0.77 million from Rs. 25.87 million, with EPS falling to Rs. 0.10 from Rs. 3.31. The new promoters hold 69.30% (15,40,000 shares fully paid) plus 1,11,70,000 partly paid-up shares, while trading in the stock remains suspended because listing approval from BSE and NSE is still pending before the NCLT. No dividend has been declared for the year, and the company has changed its Company Secretary twice and is proposing a new secretarial auditor.
Shareholders should note that the stock remains suspended from trading pending BSE/NSE listing approval, profits have shrunk by about 97% year-on-year, no dividend has been declared, and the company is in a transitional post-resolution phase with a restructured share base heavily concentrated in the new promoters. Investors should closely watch the pending NCLT listing matter and any operational updates, as these are critical to resuming trading and unlocking shareholder value.