Filter announcements
Loading...
Incorporated in 1994, Radha Madhav Corporation Ltd is a multi material, multi process, multi product packaging solutions provider.
Promoter Vijay Patel confirmed no shares were encumbered. This follows an NCLT-approved resolution plan involving substantial capital reduction and new share allotments. Listing approval for these restructured shares is still pending.
Radha Madhav Corp posted an FY23 loss of (21.82 Cr) but a Q4 profit of 2.30 Cr. New management and promoters significantly restructured operations. The company raised 60.79 Cr through share/warrant issuance, bolstering its financial position from a substantial negative equity.
Standalone Financial Results for the quarter ended on December 31, 2022.
Radha Madhav Corp underwent major financial restructuring post-resolution plan approval. It reported a net loss of Rs 23.62 Cr for the quarter and Rs 23.90 Cr for the half-year on minimal income. Assets and liabilities were significantly readjusted, making prior financials incomparable.
RADHA MADHAV CORPORATION LIMITED confirms its exemption from certain Corporate Governance reporting. Paid-up capital is 7.81 Cr, and Net Worth is 1.51 Cr (FY25), both remaining below regulatory thresholds.