Radha Madhav Corporation Limited has informed the Exchange regarding 'Non-applicability of CG report for the quarter and year ended March 31, 2026 '.
Awaiting price reaction for this filing.
Radha Madhav Corporation Limited has filed a certificate confirming it is not required to comply with SEBI's Corporate Governance reporting norms for FY 2025-26. The exemption applies because the company's paid-up capital (Rs. 78.1 million or ~0.78 crore) and net worth (Rs. 15.14 million or ~1.51 crore) fall below the Rs. 10 crore and Rs. 25 crore thresholds respectively under Regulation 15(2)(a) of SEBI LODR. The company also benefited from a carve-out during its Corporate Insolvency Resolution Process (CIRP), which ran from October 2020 to August 2022. This is a routine regulatory filing and does not indicate any new development. The company's shares trade on BSE (532692) and NSE (RMCL).
This filing has no direct impact on shareholder value or stock price. It simply confirms the company's exemption from detailed corporate governance disclosures due to its small size. Investors should be aware that this company has limited governance protections and has a history of financial distress, including insolvency proceedings.