Radha Madhav Q3 FY23 results filed after long delay; going concern flagged

Radha Madhav Corporation filed Q3 FY23 standalone results with a significant delay. Q3 revenue from operations was 0.74 mn versus 0.60 mn YoY. 9M FY23 revenue fell to 1.60 mn from 2.78 mn YoY. The company posted a loss of 2.21 mn for the quarter and 241.16 mn for 9M FY23, compared to a 3.88 mn loss in 9M FY22. Auditor Ajay Shobha and Co. flagged a going concern note. New promoters inducted new directors, earlier business was discontinued, and segment results show zero revenue, indicating operations have wound down.