RMCLNSERadha Madhav Corporation Limited· PackagingHighPositive
Announced Sat, 18 Jul · 13:08 IST
NCLT Resolution Plan implemented; promoter equity shares fully paid up
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Radha Madhav Corporation has completed the implementation of its NCLT-approved Resolution Plan. Promoter Plug & Play Retail and Distribution has paid the remaining Rs 5 per share on 1.11 crore partly paid shares, totaling Rs 5.58 crore. Post this, the new promoter holds 83.40 percent of the expanded capital. The pre-Resolution Plan capital of 9.13 crore shares has been cancelled, and all plan payments have been completed.
Likely market impact
Major change of control done; old capital cancelled, new promoter holds 83.40 percent. Fresh start post insolvency for shareholders.