Radhagobind Commercial Limited Faces Insolvency Proceedings as NCLT Admits Petition

Radhagobind Commercial , a company listed on both the BSE and Calcutta Stock Exchange, has found itself in a challenging situation as the National Company Law Tribunal (NCLT) Kolkata admitted an insolvency petition against it. This development marks a significant turn of events for the company, potentially impacting its operations and financial standing.

Key Details of the NCLT Order

The insolvency petition, filed by Fort Cafe Food Services Pvt. Ltd, was admitted by the NCLT under Section 7 of the Insolvency and Bankruptcy Code, 2016. The order, dated October 30, 2025, comes in response to Radhagobind Commercial's default in repaying a loan.

Company's Response

In compliance with regulatory requirements, Radhagobind Commercial has promptly informed the stock exchanges about this development. The company stated in its filing:

"Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Hon'ble National Company Law Tribunal (NCLT), KOLKATA, has admitted the petition filed by Fort Café Food Services Pvt. Ltd under Section 7 of the IBC, 2016, vide order dated 30-10-2025. The petition pertains to the default in repayment of loan taken by the company."

Implications and Next Steps

The admission of an insolvency petition by the NCLT is a serious matter that could have far-reaching consequences for Radhagobind Commercial. This development may:

Initiate the corporate insolvency resolution process (CIRP)
Lead to the appointment of an interim resolution professional
Potentially affect the company's day-to-day operations
Impact relationships with creditors and stakeholders

Radhagobind Commercial has committed to keeping the exchanges informed of further developments in this matter. The company secretary, Vinay Somani, signed off on the regulatory filing, assuring stakeholders of timely updates.

About Radhagobind Commercial

Radhagobind Commercial, formerly known as Tejmangal Commercial Company Limited, is headquartered in Kolkata.

Investors and stakeholders are advised to closely monitor further announcements from the company and regulatory bodies as this situation unfolds.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.73%	+16.45%	-11.50%	-36.10%	-28.63%	-37.23%

Radhagobind Commercial , formerly known as Tejmangal Commercial Company Limited, has submitted its integrated financial filing for the quarter ended June 30, revealing a loan default and providing insights into its financial position.

Board Meeting and Financial Results

The company's board convened on August 14, from 13:30 PM to 15:30 PM, to approve the financial results for the quarter. During this meeting, the board authorized Louis Jose to sign the financial results.

Loan Default Disclosure

In a significant development, Radhagobind Commercial reported a default in loan repayment. The company disclosed that it has defaulted on a loan amount along with interest, totaling Rs 1.12 crore. This information was part of the company's 'Disclosure on Outstanding Default on Loans and Debt Securities' section in the filing.

Financial Indebtedness

The integrated filing provided a breakdown of the company's financial obligations:

Particulars	Amount (in INR Crore)
Loan/revolving facilities from banks/financial institutions	Nil
Unlisted Debt Securities (NCDs and NCRPS)	Nil
Total Financial Indebtedness	1.12

It's noteworthy that while the company has defaulted on a loan, it reported no outstanding amounts in loans or revolving facilities from banks or financial institutions. Additionally, there are no unlisted debt securities outstanding.

No Deviation in Public Proceeds

Radhagobind Commercial confirmed that there was no deviation or variation in the proceeds from public issues, rights issues, preferential issues, or qualified institutional placements during the quarter ended June 30.

Corporate Information

The company maintains its registered office at 40, Metcalfe Street, 3rd Floor, Room No. 339, Kolkata-700013. Its corporate office is located in Ernakulam, Kerala.

This quarterly filing provides stakeholders with crucial information about Radhagobind Commercial's financial status, particularly highlighting the loan default situation. Investors and market watchers will likely keep a close eye on how the company addresses this default and manages its financial obligations moving forward.