Radha Madhav Corporation Limited (NSE: RMCL) reported a net loss of ₹4.04 million for the financial year ended March 31, 2026, reversing a net profit of ₹0.75 million in the previous fiscal year.

The company recorded nil revenue from operations, down from ₹1.40 million in FY25. Total income contracted to ₹15.23 million from ₹33.60 million, driven by a sharp decline in other income to ₹15.23 million from ₹32.20 million. Total expenses stood at ₹19.27 million.

Financial Performance

The company's earnings per share (EPS) turned negative, registering a basic EPS of (₹0.30) compared to ₹0.06 in the prior year. The decline in profitability is attributed to the absence of operational revenue and higher maintenance-related costs amid the ongoing revival process following its Corporate Insolvency Resolution Process (CIRP).

What the Numbers Show

The financials highlight a complete reliance on non-operational income sources during the period. With revenue from operations at zero, the company’s total income of ₹15.23 million consisted entirely of other income. However, this was insufficient to cover total expenses of ₹19.27 million, resulting in the net loss. The significant drop in other income year-on-year further eroded the bottom line.

Balance Sheet and Capital Structure

Total assets decreased to ₹148.92 million from ₹175.27 million in FY25. Cash and cash equivalents declined to ₹4.47 million from ₹6.39 million. The company reported no borrowings, with a debt-equity ratio of 0.00:1. Equity share capital remained stable at ₹78.10 million.

Corporate Developments

The company continues to face procedural delays in relisting its shares on BSE and NSE, with the matter pending before the NCLT Ahmedabad Bench. It has paid a Stock Exchange Operating Procedure (SOP) fine of ₹1.28 crore levied by BSE, clearing outstanding dues. Trading remains suspended due to these delays.

Management stated that the focus remains on reviving and modernizing operations, including investing in new machinery for its packaging segment and expanding its retail business. No dividend was recommended for FY26.

Radha Madhav Corporation Limited appointed Nitin Jain as whole-time director and chief financial officer. Vijay Patel was also appointed as a whole-time director during the board meeting held on August 31, 2026.

The appointments require approval at the company’s 22nd annual general meeting. Director Nilamadhabasisa Das also offered himself for re-appointment by rotation.

Board Appointments

The board approved the following key managerial changes subject to shareholder approval:

• Nitin Jain (DIN: 09833381) as whole-time director and CFO. He holds a commerce degree and has no shareholding in the company. The appointment is effective from August 31, 2026, to August 30, 2029. Jain brings over 14 years of experience in export, import, and finance.
• Vijay Patel (DIN: 07505750) as whole-time director. He brings compliance expertise in regulated industries and over a decade of experience in civil construction. His appointment is effective from August 31, 2026, to August 30, 2029.

Mr. Patel holds 15,00,000 shares directly. Additionally, Plug & Play Retail and Distribution Private Limited holds 1,12,10,000 shares on his behalf.

AGM Details

The company approved the notice for its 22nd AGM scheduled for September 25, 2026, at 4:00 pm via video conferencing. The register of members will remain closed from September 19 to September 21, 2026.

E-voting will be open from September 22 to September 24, 2026. Shareholders holding shares as of the cut-off date of September 18, 2026, are eligible to vote. M/s. NVB & Associates has been appointed as the scrutinizer for the e-voting process.

Trading Window

Pursuant to SEBI insider trading regulations, the trading window for designated persons opens from September 3, 2026.