Non-applicability of secretarial compliance report for the year ended March 31, 2026
Awaiting price reaction for this filing.
Radha Madhav Corporation Ltd has informed exchanges that it is not required to prepare an Annual Secretarial Compliance Report for FY2026. The company states this relief stems from its NCLT-approved Resolution Plan dated August 1, 2022, which resulted in significant capital cancellation. The paid-up equity share capital was reduced from 9,12,95,775 shares to just 6,82,185 shares. As the company now falls below the thresholds of ₹10 crore paid-up capital and ₹25 crore net worth, it qualifies for exemption from Corporate Governance provisions under SEBI regulations, and therefore regulation 24A of SEBI (LODR) 2015 does not apply.
The company's small size limits investor protection requirements, but also signals a post-restructuring entity with significantly reduced capital. Shareholders should be aware that fewer corporate governance safeguards apply due to the exemption.