The Exchange has 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 is required to clarify the following: -1. Standalone limited review report not submitted. -2. Segment details not submitted The response of the Company is awaited.
Awaiting price reaction for this filing.
NSE has asked Radha Madhav Corporation to explain why it failed to submit the standalone limited review report and segment-wise details for the quarter ended 31 December 2022. The query has been raised under Regulation 33 of SEBI's Listing Obligations and Disclosure Requirements, which deals with financial result submissions. The company has not yet responded to the exchange. This is a compliance-related query, not a penalty or formal investigation, but it highlights a gap in timely financial disclosure.
This is a mild negative signal for shareholders, indicating a delay or lapse in statutory financial reporting. Investors should watch for the company's response and any follow-up action from the exchange, as repeated non-compliance could invite penalties or trading restrictions.