Radha Madhav Corporation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Vijay Patel, promoter of Radha Madhav Corporation, has filed the annual no-encumbrance declaration on behalf of the promoter and promoter group as required under SEBI (SAST) Regulations, 2011. As on March 31, 2025, the promoter group holds 15.40 lakh fully paid equity shares and 1.117 crore partly paid equity shares of the company. The promoter confirms that no encumbrance (pledge, lien or any such charge) was created on these shares, directly or indirectly, during FY25. The filing is signed by Whole Time Director and CFO Nitin Jain and also includes background context that the company emerged from an NCLT resolution plan in August 2022, with old capital cancelled and new shares allotted that are still awaiting listing and dematerialisation approval from BSE and NSE.
This is a routine annual compliance disclosure with no negative implications. It signals that the promoter has not pledged any shares during the year, removing any near-term risk of forced share sales from a pledge invocation. Investors should note that the company's new shares remain unlisted pending exchange approval, which continues to delay a normal shareholding pattern.