The Exchange had sought clarification from Radha Madhav Corporation Limited for the quarter ended 31-Dec-2022 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
Awaiting price reaction for this filing.
NSE had asked Radha Madhav Corporation to explain certain points regarding its financial results for the quarter ended 31 December 2022, under Regulation 33 of SEBI's Listing Obligations and Disclosure Requirements rules. The regulation governs how listed companies report their quarterly financial results to exchanges. The company has now submitted its written response to the exchange, which has been enclosed with the filing. No penalty, fine, or enforcement action is mentioned in this announcement.
This appears to be a routine exchange query on financial reporting compliance rather than a punitive action. Investors should read the company's response for details but should not expect any material impact on the stock unless the clarification reveals undisclosed issues.