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.
Radha Madhav Corporation Limited has submitted a declaration under SEBI Takeover Regulations from promoter Vijay Patel (Proprietor of Vama Corporation) on behalf of the Promoter and Promoter Group. As on March 31, 2025, the promoters hold 15,40,000 fully paid equity shares and 1,11,70,000 partly paid equity shares, and confirm that no encumbrance (pledge or charge) has been created on these shares during FY25. The company has a complex history, having undergone an NCLT-approved Resolution Plan in August 2022, which cancelled old capital and made the old promoters' holding NIL. New shares were allotted post-resolution but listing and dematerialisation approvals from BSE/NSE are still pending, which is why old promoter names still appear in some shareholding records.
This is a routine compliance filing confirming promoters have not pledged or encumbered their shares in FY25, which is a neutral-to-slightly-positive signal for retail investors as it indicates no immediate liquidity stress on the promoter group. Shareholders should continue to monitor the pending BSE/NSE listing approvals for the post-resolution capital structure, as finalisation will clarify the true shareholding pattern.