Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Radhagobind Commercial Limited (formerly Tejmangal Commercial Company Limited) filed its Annual Report for FY ending March 31, 2025. The company had no business operations during the year, with revenue of just Rs. 6,092 (down from Rs. 7.19 lakh prior year) coming entirely from interest income. It reported a loss after tax of Rs. 39.07 lakh and accumulated losses carried forward of Rs. 8.07 crore. The board did not recommend any dividend. Significant concerns include a Rs. 3.31 crore income tax demand for AY 2017-18 (appeal pending at ITAT), ongoing NCLT proceedings under Section 7 of IBC filed on December 3, 2024 for loan default, and a right issue plan shelved due to the tax demand. The company has only one permanent employee (the Company Secretary), no CFO, and has not paid Calcutta Stock Exchange listing fees for six years.
This is a deeply negative filing for shareholders. The company is essentially a non-operating shell struggling with legacy tax liabilities, insolvency proceedings, and serious going-concern doubts, with its survival tied to a fund-raising plan that has been shelved. The stock carries high risk and may face further regulatory action including promoter demat account freezing.