BSERadha Madhav Corporation LtdHighPositive
Announced Sat, 18 Jul · 13:11 IST

Promoter completes full payment for resolution plan shares

Promoter Stake BuyOwnership Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NCLT-approved resolution plan has been implemented. Promoter Plug and Play Retail and Distribution Pvt Ltd paid the balance Rs. 5 per share on 1,11,70,000 partly paid equity shares, converting them to fully paid for about Rs. 5.58 crore total. Post-allotment, promoter holds 83.40 percent fully paid shares plus 11.50 percent existing. Pre-resolution capital of about 9.13 crore shares was cancelled. Total share count now stands at 1,33,92,185. All resolution plan payments completed.

Likely market impact

Completes the corporate insolvency resolution process. Promoter stake consolidated at about 83 percent. Share base restructured with old capital cancelled.