Radhagobind Commercial Limited Completes 6th Committee of Creditors Meeting

2 min read     Updated on 31 Mar 2026, 06:37 AM
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AI Summary

Radhagobind Commercial Limited successfully concluded its 6th Committee of Creditors meeting on March 30, 2026, lasting 30 minutes from 4:00 PM to 4:30 PM. The meeting, conducted under Resolution Professional Najeeb T P's supervision, addressed CIRP progress, resolution plan revisions, and administrative matters in compliance with regulatory requirements.

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Radhagobind Commercial Limited has successfully concluded its 6th Committee of Creditors (COC) meeting on March 30, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The meeting was conducted under the supervision of Resolution Professional Najeeb T P and addressed critical aspects of the insolvency resolution proceedings.

Meeting Execution and Timeline

The COC meeting was held as scheduled and completed within the planned timeframe. The hybrid format accommodated all stakeholders effectively, ensuring comprehensive participation in the decision-making process.

Parameter: Details
Meeting Number: 6th COC Meeting
Date: March 30, 2026
Start Time: 4:00 PM
End Time: 4:30 PM
Duration: 30 minutes
Venue: Baithussalam, Balankinar, Kattampally Road Near Indus Motors Maruthi Service Centre, Kannur 670011 Kerala
Mode: Physical venue and Video Conferencing
Chairman: Najeeb T P (Resolution Professional)

Comprehensive Meeting Agenda and Discussions

The meeting followed a structured agenda covering all essential aspects of the CIRP proceedings. Key matters discussed and approved during the session included procedural compliance, progress assessment, and strategic planning for the resolution process.

Agenda Item: Description
Procedural Matters: Roll call of participants and ascertainment of quorum
Administrative Updates: Review of leave of absence requests from members
Progress Assessment: Discussion on CIRP advancement and actions undertaken by the Resolution Professional
Strategic Decisions: Deliberation on revision of resolution plans
Additional Matters: Other CIRP-related issues with chairman's permission

Regulatory Compliance and Documentation

The meeting outcome has been formally communicated to stock exchanges in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure ensures transparency and keeps all market participants informed about the progress of insolvency proceedings.

Navigation T P continues to serve as the Resolution Professional under registration number IBBI/IPA-002/IP-NO1014/2020-2021/13316. His appointment was established through NCLT Kolkata Bench orders: initial Interim Resolution Professional appointment via order No. CP (IB)/71/KB/2025 dated October 30, 2025, and subsequent Resolution Professional appointment through order No. IA (I.B.C)/90(KB)2026 dated January 27, 2026.

Corporate Information and Market Communication

Radhagobind Commercial Limited operates under CIN L51909WB1981PLC033680 and maintains listings on BSE Limited (Scrip Code 539673) and CSE Limited. The company has established dedicated communication channels for the CIRP process, including specific email addresses najetpip@gmail.com and radhagobindcirp2025@gmail.com for stakeholder coordination.

The formal notification to BSE Limited and CSE Limited demonstrates the company's commitment to maintaining regulatory compliance and transparency throughout the insolvency resolution process.

What is the expected timeline for receiving and evaluating revised resolution plans from potential bidders?

How might the ongoing CIRP proceedings affect Radhagobind Commercial's stock performance on BSE and CSE in the coming quarters?

Will the company's operational activities continue during the resolution process, and what impact might this have on its commercial relationships?

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Srija Hotels & Properties Acquires 10.43% Stake in Radhagobind Commercial Through Market Purchase

1 min read     Updated on 25 Mar 2026, 12:45 AM
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Radhika SScanX News Team
AI Summary

Srija Hotels & Properties Pvt Ltd has acquired 15,01,764 shares (10.43% stake) in BSE-listed Radhagobind Commercial Ltd through market purchase. The acquisition, disclosed under SEBI Takeover Regulations, marks Srija Hotels' entry as a substantial shareholder, though it does not belong to the promoter group. Radhagobind Commercial maintains an equity capital of 1,44,00,000 shares of Rs. 1/- each.

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Srija Hotels & Properties Pvt Ltd has made a substantial acquisition in Radhagobind Commercial Ltd, acquiring a significant stake through market purchase. The transaction has been disclosed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating the strategic importance of this investment.

Acquisition Details

The acquisition represents a notable entry by Srija Hotels into Radhagobind Commercial Ltd. The company acquired 15,01,764 shares, representing 10.43% of the total voting capital of the target company through market purchase.

Parameter: Details
Acquirer: Srija Hotels & Properties Pvt Ltd
Target Company: Radhagobind Commercial Ltd
Shares Acquired: 15,01,764
Acquisition Percentage: 10.43%
Mode of Acquisition: Market Purchase
Stock Exchange: BSE Limited

Shareholding Position

Prior to this acquisition, Srija Hotels & Properties Pvt Ltd held no shares in Radhagobind Commercial Ltd. The current acquisition marks the company's entry as a substantial shareholder in the target company. Importantly, Srija Hotels does not belong to the promoter or promoter group of Radhagobind Commercial Ltd.

Shareholding Status: Before Acquisition After Acquisition
Shares Held: -- 15,01,764
Percentage Holding: -- 10.43%
Promoter Group Status: No No

Company Structure

Radhagobind Commercial Ltd maintains a consistent equity structure with 1,44,00,000 equity shares of Rs. 1/- each. The company's shares are listed on BSE Limited, providing liquidity and transparency for such transactions. The total diluted share capital remains unchanged at 1,44,00,000 equity shares following this acquisition.

This substantial acquisition by Srija Hotels & Properties Pvt Ltd demonstrates the company's investment strategy in the commercial sector, establishing a significant presence in Radhagobind Commercial Ltd through market-based transactions.

Will Srija Hotels seek board representation in Radhagobind Commercial Ltd given their substantial 10.43% stake?

What synergies could emerge between Srija Hotels' property business and Radhagobind Commercial's operations?

Is this acquisition part of a larger consolidation strategy by Srija Hotels in the commercial real estate sector?

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