Waterlogging damages registered office in Ahmedabad

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Price reactionminutes from the announcement price · days from the prior close

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₹1.50

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+1.9% vs market

Residential, Commercial Projects peers, median of 48sector-0.4%+1.1% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.1 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 48Pending

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AI summary

Radhe Developers India registered office in Shela, Ahmedabad suffered severe waterlogging after five days of exceptionally heavy rainfall. Floodwater damaged electrical systems, computer equipment, electronic data storage, and certain physical records. Management has begun restoration, data recovery, and damage assessment, and has filed an intimation with local police.

Likely market impact

Short-term operational disruption likely at the head office. Financial impact still being assessed; no plant or project site mentioned.