News Orders & Deals Radha Madhav Corporation Limited Provides Update on Pending Phytoatomy Private Limited AcquisitionRadha Madhav Corporation Limited Provides Update on Pending Phytoatomy Private Limited Acquisition
Radha Madhav Corporation Limited has clarified that its proposed acquisition of majority stake in Phytoatomy Private Limited, originally announced on November 4, 2023, remains incomplete and under process. The company confirmed to stock exchanges that it has not acquired control or shareholding in the target company as of January 23, 2026.
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Radha Madhav Corporation Limited has provided an important update to stock exchanges regarding the status of its proposed acquisition of Phytoatomy Private Limited. The company clarified that the transaction, initially announced in November 2023, remains pending completion.
Acquisition Status Update
In a regulatory filing dated January 23, 2026, RMCL informed both BSE and NSE that the proposed acquisition of a majority stake in Phytoatomy Private Limited is still under process. The company explicitly stated that the acquisition has not been completed as of the current date.
| Parameter: | Status |
|---|---|
| Original Announcement: | November 4, 2023 |
| Current Status: | Under process, not completed |
| Control Acquired: | No |
| Shareholding Acquired: | No |
| Filing Date: | January 23, 2026 |
Regulatory Compliance
The clarification was submitted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.
Whole Time Director and CFO Nitin Jain signed the disclosure document, confirming that RMCL has not acquired control or shareholding in Phytoatomy Private Limited. The company requested stock exchanges to take this information on record for regulatory compliance purposes.
Corporate Background
Radha Madhav Corporation Limited operates from its registered office at Daman Industrial Estate, Kadaiya, Daman. The company maintains its corporate presence through multiple business verticals, including RMCL Universe and RMCL Retail divisions, serving various industrial and retail segments.
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