Radaan Mediaworks Cancels Property Deal with Mrs. R.Radikaa Sarathkumar Amid Construction Delays
Radaan Mediaworks India Limited has cancelled a property purchase and construction agreement with Mrs. R.Radikaa Sarathkumar for the third floor of a commercial property. The cancellation, registered on August 11, was due to construction delays and economic challenges caused by the COVID-19 pandemic. The decision was approved by the audit committee, board of directors, and shareholders. The company cited pandemic-related impacts on cash flow and leasing issues as key reasons for the cancellation.