Raja Bahadur denies false insolvency and Q1FY27 claims on scanx.trade

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AI summary

Raja Bahadur International filed a BSE clarification on September 9, 2026, denying false insolvency and Q1FY27 claims on scanx.trade. The portal wrongly stated the company initiated Pre-Packaged Insolvency under Section 54C of IBC and that NCLT approved a Resolution Plan on July 10, 2026. The Q1FY27 data shown, including a Rs. 18.85 lakh net loss, is also incorrect. The company confirms no insolvency filing occurred and remains a going concern. Legal notice sent to scanx.trade.

Likely market impact

Denial of insolvency is positive for shareholders, though the public dispute may cause short-term stock volatility.