RMCLNSERadha Madhav Corporation Limited· PackagingHighNegative
Announced Wed, 1 Jul · 11:06 IST
RMCL explains past non-compliance to BSE/NSE citing NCLT orders
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
RMCL replied to BSE/NSE on past non-compliance. The firm entered CIRP on Oct 22, 2020. NCLT approved VAMA Construction's resolution plan on Aug 1, 2022. An NCLT order dated Nov 10, 2025 waived penalties up to Aug 2022. Share capital was cut from 9.12 crore shares to 6.82 lakh (about 100 to 1). The firm says governance rules 17-27 no longer apply due to small-cap size, and consolidated results are not needed as the Phytoatomy acquisition is still pending.
Likely market impact
Regulatory clarification backed by NCLT orders. Past penalties waived. Share capital already reduced under the approved resolution plan. No immediate share impact.