Radha Madhav Corporation Limited has informed the Exchange regarding 'Non applicability of Annual Secretarial Compliance Report for the year ended March 31, 2026'.
Awaiting price reaction for this filing.
Radha Madhav Corporation Limited has informed exchanges that it is not required to comply with the Annual Secretarial Compliance Report for FY 2026. The company underwent a resolution plan approved by NCLT Ahmedabad Bench in August 2022, which resulted in significant capital cancellation from 9,12,95,775 shares to 6,82,185 shares. As a listed entity with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore, the company qualifies for exemption from Corporate Governance provisions and Regulation 24A of SEBI (LODR) 2015.
This disclosure indicates the company has become a small-cap entity post-restructuring and is exempt from certain SEBI compliance requirements. No direct impact on shareholders expected as the exemption reflects the company's reduced scale after NCLT resolution.