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Radha Madhav Corporation informs about allotment of fully paid equity shares to promoter

18 Jul 2026 Evaluate

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, Radha Madhav Corporation has informed that the Resolution Plan approved by the Hon’ble NCLT, Ahmedabad Bench, has been implemented and further to the outcome of the Board Meeting held on December 26, 2022, regarding the allotment of 1,11,70,000 partly paid equity shares having a face value of Rs. 10/- each, against part payment of Rs. 5/- per share for cash to Plug & Play Retail and Distribution, belonging to the Successful Resolution Applicant, in the promoter category for a total amount of Rs. 5,58,50,000. The company has enclosed the balance amount of Rs. 5 per share has been completely paid by Plug & Play Retail and Distribution to the company, in turn post allotment the shareholding of the company. The pre-Resolution Plan capital comprising 9,12,95,775 equity shares has been now cancelled in accordance with the approved Resolution Plan. All payments under the Resolution Plan have been made and the necessary forms for satisfaction of charges have been filed with the Ministry of Corporate Affairs.

The above information is a part of company’s filings submitted to BSE. 

Radha Madhav Corp. Share Price

1.95 0.00 (0.00%)
21-Dec-2023 17:59 View Price Chart
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