Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Awaiting price reaction for this filing.
Vijay Patel, Promoter of Radha Madhav Corporation Limited (on behalf of Promoter and Promoter Group), has filed a declaration under SEBI SAST Regulation 31(4). The declaration confirms that as on March 31, 2026, the promoters have NOT made any encumbrance (pledge) of shares, directly or indirectly, during the financial year ended March 31, 2026. This is essentially a 'nil pledge' declaration. The note also clarifies that the company underwent NCLT resolution in August 2022, which cancelled existing capital and made old promoter shareholding NIL. New shares were allotted but are yet to be listed and dematerialized.
This is a positive disclosure for investors as it confirms promoters have not pledged their shares, reducing risk of forced sell-offs. The company is in a post-resolution plan phase with shares pending listing approval.