NewsRadha Madhav Corporation Promoter Declares No Share Encumbrance for FY26 Under SEBI RegulationsRadha Madhav Corporation Promoter Declares No Share Encumbrance for FY26 Under SEBI Regulations
Radha Madhav Corporation's promoter Vijay Patel declared no share encumbrance during FY26 under SEBI regulations. The disclosure, filed April 06, 2026, confirms compliance amid ongoing corporate restructuring following NCLT's August 2022 Resolution Plan approval. The company has allotted 1,26,10,000 new shares across multiple tranches but awaits final listing approval from stock exchanges.
*this image is generated using AI for illustrative purposes only.
Radha Madhav Corporation Limited has filed a regulatory disclosure confirming that its promoter group did not encumber any shares during the financial year ended March 31, 2026. The declaration, submitted on April 06, 2026, fulfills the company's obligations under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter Declaration Details
Vijay Patel, Proprietor of Vama Corporation and promoter of Radha Madhav Corporation, submitted the formal declaration on behalf of the entire promoter and promoter group. The disclosure explicitly states that no encumbrance of shares occurred, either directly or indirectly, during the specified financial year period.
| Parameter: | Details |
|---|---|
| Declaration Date: | April 06, 2026 |
| Reporting Period: | Financial Year ended March 31, 2026 |
| Promoter Entity: | Vama Corporation (Proprietor: Vijay Patel) |
| Encumbrance Status: | No encumbrance made |
Corporate Restructuring Background
The disclosure comes against the backdrop of significant corporate restructuring following the NCLT Ahmedabad Bench's approval of the company's Resolution Plan on August 1, 2022. This restructuring fundamentally altered the company's capital structure and promoter shareholding pattern.
Under the approved Resolution Plan, the company cancelled its existing share capital on September 29, 2022, reducing the total number of shares from 9,12,95,775 to 6,82,185. Following this restructuring, the existing promoter shareholding was reduced to NIL as per the plan's provisions.
Share Allotment and Listing Status
Post-restructuring, Radha Madhav Corporation has allotted new shares across multiple tranches, though these remain unlisted and non-dematerialized:
| Date of Board Resolution: | No. of shares allotted: |
|---|---|
| September 29, 2022: | 15,00,000 |
| December 26, 2022: | 40,000 |
| December 26, 2022: | 1,11,70,000 |
| Total Allotted: | 1,26,10,000 |
Regulatory Compliance Status
The company has undertaken several compliance measures following the NCLT order and Resolution Plan approval. These include filing Corporate Action Forms with NSDL and CDSL for share capital reduction and submitting listing applications to NSE and BSE for approval of the capital structure changes.
Radha Madhav Corporation has received a temporary ISIN (INE172H01022) from NSDL and CDSL. However, the company continues to await final listing approval from both BSE and NSE. Until this approval is granted, the depositories continue to reflect the pre-restructuring shareholding pattern of 9,12,95,775 shares, including the previous promoter holdings.
Current Trading Information
The company's shares trade on BSE under scrip code 532692 and on NSE under the symbol RMCL. The regulatory filing was signed by Nitin Jain, Whole Time Director and CFO (DIN: 09833381), confirming the company's commitment to maintaining transparent regulatory compliance throughout its restructuring process.
When will BSE and NSE likely approve the final listing of Radha Madhav Corporation's restructured share capital?
How might the significant reduction in share count from 9.1 crore to 6.8 lakh shares impact the stock's liquidity and trading volumes?
What are the company's plans for raising additional capital now that the promoter shareholding has been reduced to zero?
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