Radha Madhav Corporation Limited has requested BSE Limited and National Stock Exchange of India Limited to withdraw penalties levied for non-compliance between March 2015 and August 2022. In a communication dated March 6, 2026, the company attributed the non-compliance to the Corporate Insolvency Resolution Process (CIRP) and subsequent management control by the Resolution Professional.

The company was admitted into CIRP on October 22, 2020, and remained under the control of the Resolution Professional until August 1, 2022. Radha Madhav Corporation Limited stated that the Hon’ble NCLT, Ahmedabad Bench, approved the Resolution Plan on August 1, 2022, bringing the company under the control of new management. Citing paragraph 27 of the NCLT order, the company argued that the Resolution Applicant cannot be saddled with any previous claim against the Corporate Debtor prior to the initiation of CIRP.

Regarding the non-compliance with Corporate Governance Regulations (Regulations 17 to 27), the company stated that its share capital was reduced from 9,12,95,775 equity shares to 6,82,185 equity shares pursuant to the NCLT order. It noted that under Regulation 15(2) of SEBI (LODR) Regulations, 2015, corporate governance provisions are not mandatory for listed entities with paid-up equity share capital not exceeding ₹10 Crore and net worth not exceeding ₹25 Crore. The company stated it currently falls within these threshold limits.

The company also addressed the absence of consolidated financial results for the quarter ended December 2025. It clarified that a proposed acquisition of a majority stake in Phytoatomy Private Limited, intimated via letter on November 4, 2023, remains under process and has not been completed. Consequently, the company stated that the requirement for submission of consolidated financial results under Regulation 33 of SEBI (LODR) Regulations, 2015, is not applicable.

Radha Madhav Corporation Limited confirmed that all filings w.e.f. August 1, 2022, are in place and reflected on the BSE Portal. It reiterated that as a successful Resolution Applicant, it could not undertake any filings prior to August 1, 2022, as the company was under the control of the Resolution Professional.

Radha Madhav Corporation Ltd has closed its trading window for all designated employees effective July 01, 2026, in connection with the declaration of its unaudited financial results for the quarter ending June 30, 2026. The restriction prevents designated employees from dealing in the company's equity shares during this period to ensure compliance with regulatory norms and prevent insider trading.

The trading window will remain shut until 48 hours after the unaudited financial results are officially declared to the stock exchanges. This measure is standard practice to maintain market integrity and ensure that no price-sensitive information is exploited prior to public disclosure.

The intimation was filed by Nitin Jain, Whole Time Director and CFO of Radha Madhav Corporation Limited. The closure applies to all designated employees of the company, covering the period leading up to the announcement of the quarterly performance for Q1FY26.

Key Dates and Details

The company's scrip is listed on both BSE Limited and NSE Limited under the codes 532692 and symbol RMCL, respectively. Shareholders and market participants can expect the unaudited results to be released shortly after the quarter concludes.