Radha Madhav Corporation Limited
Incorporated in 1994, Radha Madhav Corporation Ltd is a multi material, multi process, multi product packaging solutions provider.
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RMCL's promoter group received 1.11 crore fresh equity shares via a Resolution Plan. This boosts their stake from 11.50% to 94.91%. Total equity capital now stands at Rs. 13.39 Cr, up from Rs. 2.22 Cr, significantly increasing promoter control.
RMCL allotted 1,11,70,000 equity shares to Plug & Play Retail and Distribution Private Limited and Mr. Vijay Patel, pursuant to an NCLT-approved Resolution Plan.
RMCL implemented its NCLT-approved Resolution Plan. It allotted 1.117 Cr fully paid shares to a promoter for ₹5.585 Cr, increasing their stake to 83.40%. Old equity was cancelled, restructuring the company's capital.
Radha Madhav Corp. is exempt from specific corporate governance reporting requirements. Its paid-up capital stands at Rs 7.81 Cr and net worth at Rs (1.11) Cr, falling below thresholds for mandatory compliance, reflecting its status as a smaller entity.
RMCL's capital was significantly reduced from 91.3 million shares to 682,185 shares via an NCLT-approved plan. This change, coupled with a paid-up equity share capital under ₹10 Cr and net worth under ₹25 Cr, exempts it from certain corporate governance rules.