Vijay Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Vijay Patel, promoter of Radha Madhav Corporation Limited, has filed his annual declaration under SEBI Takeover Regulations confirming that he and the promoter group have not created any encumbrance (pledge, lien, or charge) on their shares during the financial year ended March 31, 2025. He holds 15,40,000 fully paid equity shares and 1,11,70,000 partly paid equity shares of the company. The company is still in the process of getting the new shares listed and dematerialized following the NCLT-approved resolution plan of August 2022, which wiped out the old promoter shareholding. The shares allotted under the resolution plan carry a temporary ISIN and are awaiting listing approval from BSE and NSE.
This is a routine compliance filing with no change in promoter shareholding or encumbrance status. It reassures shareholders that the promoter has not pledged or locked up their shares during the year, though the key issue of listing approval for the new shares remains pending.