BSERadha Madhav Corporation LtdHighNeutral
Announced Thu, 30 Jul, 2026 · 16:50 IST
Radha Madhav - Promoter gets 1.11 cr fresh shares under NCLT resolution plan
Price reaction
Awaiting price reaction for this filing.
AI summary
Under a Resolution Plan approved by NCLT in August 2022, the Successful Resolution Applicant Plug & Play Retail along with Vijay Patel was allotted 1,11,70,000 fresh equity shares in Radha Madhav Corporation. Their holding rose from 15,40,000 shares (69.30%) to 1,27,10,000 shares, about 94.91% of the expanded equity capital. Total share capital of the company rose from around 22.22 lakh shares to about 1.34 crore shares of face value Rs.10 each. This is a disclosure under SEBI SAST Regulation 29(2) dated July 18, 2026.
Likely market impact
Promoter group control rises to around 95%, leaving a very thin public float. Existing minority shareholders face heavy proportional dilution, and trading liquidity may shrink further.