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Latest filing: 2026-09-04 10:45
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22 announcements match the current filters (relevance ≥ 5).
RMCL Appoints Nitin Jain as WTD & CFO, Schedules 22nd AGM for Sept 25, 2026
Radha Madhav Corporation Limited (RMCL) announced key board decisions from its meeting on August 31, 2026. The board approved the appointments of Mr. Nitin Jain as Whole-time Director and Chief Financial Officer, and Mr. Vijay Patel as Whole-time Director, subject to shareholder approval. The company scheduled its 22nd Annual General Meeting (AGM) for September 25, 2026, with the voting cut-off date set as September 18, 2026.
Confidence: HIGH
What changedRMCL restructured its leadership by appointing a new Whole-time Director & CFO and an additional Whole-time Director, and formalized dates for its 22nd AGM.
Why it mattersFilling critical leadership roles (CFO and Whole-time Directors) addresses executive governance requirements as the company navigates minimal operational revenue and ongoing losses.
AGM Date: September 25, 2026E-voting Cut-off Date: September 18, 2026E-voting Start Date: September 22, 2026E-voting End Date: September 24, 2026
📅 Short termNeutral procedural update; shareholder voting will run September 22-24, 2026.
📈 Long termLimited operational impact unless the new leadership executes a financial turnaround for the business.
⚠ Risk flags
- Company operations are currently distressed with zero reported quarterly revenue and ongoing net losses.
Key Highlights
Appointed Mr. Nitin Jain as Whole-time Director and Chief Financial Officer effective August 31, 2026
Appointed Mr. Vijay Patel as Whole-time Director effective August 31, 2026
22nd Annual General Meeting scheduled for September 25, 2026 at 04:00 PM via VC/OAVM
Remote e-voting window set from September 22, 2026 (10:00 AM) to September 24, 2026 (5:00 PM) with cut-off date of September 18, 2026
👀 What to Watch
Track shareholder voting results on the management appointments and annual report items, expected to be declared on or before September 26, 2026.
RMCL Reports Q1 Net Loss of 7.50 with Nil Operational Revenue
Radha Madhav Corporation Limited reported standalone unaudited financial results for the quarter ended June 30, 2026, posting nil revenue from operations. Total income was 2.59, comprised entirely of other income. Net loss for the quarter widened to 7.50 compared to a loss of 0.73 in the corresponding quarter last year and 5.37 in the preceding quarter. Total expenses stood at 10.09, driven primarily by other expenses of 9.21.
Confidence: HIGH
What changedRMCL reported standalone Q1 results showing continued absence of operational revenue and widening net losses.
Why it mattersThe company remains operationally stalled with zero core sales, relying on other income while incurring ongoing administrative and employee costs.
Revenue from Operations (Q1): nilOther Income (Q1): 2.59Net Loss (Q1): (7.50)Total Expenses (Q1): 10.09Converted Shares Count: 1,11,70,000
📅 Short termPerformance remains subdued due to zero operational top-line and negative earnings.
📈 Long termBusiness viability depends on management successfully scaling operations following recent restructuring.
⚠ Risk flags
- Zero revenue from core operations
- Widening net losses
- Lack of historical financial comparability due to management change
Key Highlights
Revenue from operations was nil, with total income at 2.59 from other income
Net loss widened to 7.50 versus a loss of 0.73 in the year-ago period
Total expenses rose to 10.09, led by other expenses of 9.21 and employee costs of 0.32
1,11,70,000 partly paid shares converted into fully paid shares of face value Rs 10 on July 18, 2026
👀 What to Watch
Monitor whether the new management can revive core operational activity and initiate revenue-generating business lines in upcoming quarters.
1.11 Crore Shares Allotted to Successful Resolution Applicant under NCLT Plan
Radha Madhav Corporation Limited (RMCL) has announced the allotment of 1,11,70,000 equity shares to Plug & Play Retail and Distribution Private Limited and Mr. Vijay Patel. This allotment is a key step in implementing the Resolution Plan approved by the NCLT on August 1, 2022. The issuance marks the entry of a Successful Resolution Applicant (SRA) as a major stakeholder, signaling a shift in control and the potential conclusion of the insolvency process. Investors should note that this involves a significant change in the company's capital structure.
Confidence: HIGH
What changedThe company has issued 1.11 crore new equity shares to a Successful Resolution Applicant, effectively changing the ownership and control of the firm.
Why it mattersThis represents a critical milestone in the company's exit from insolvency, providing a potential path for operational revival under new management.
Shares Allotted: 1,11,70,000NCLT Order Date: August 1, 2022Current Share Price: Rs 200.0
📅 Short termThe market is likely to view the formalization of the resolution plan and the entry of new promoters as a positive step toward business stability.
📈 Long termThe long-term viability depends on the new management's ability to execute the resolution plan and restart/scale business operations post-insolvency.
⚠ Risk flags
- Significant equity dilution for existing shareholders
- Execution risk under new management
- Historical insolvency status
Key Highlights
Allotment of 1,11,70,000 equity shares to the Successful Resolution Applicant (SRA).
Allottees identified as Plug & Play Retail and Distribution Private Limited and Mr. Vijay Patel.
Issuance is pursuant to the Resolution Plan approved by NCLT vide order dated August 1, 2022.
Disclosures filed under SEBI (Prohibition of Insider Trading) and SEBI (SAST) Regulations.
👀 What to Watch
Monitor the upcoming shareholding pattern to assess the total stake held by the new promoters and the resulting dilution for existing retail shareholders.
1.11 Crore Equity Shares Allotted to Successful Resolution Applicant (SRA)
Radha Madhav Corporation Limited (RMCL) has allotted 1,11,70,000 equity shares to the Successful Resolution Applicant (SRA), Plug & Play Retail and Distribution Private Limited, and Mr. Vijay Patel. This allotment is a key step in implementing the Resolution Plan approved by the NCLT on August 1, 2022. The disclosure was made under SEBI Insider Trading regulations following the share issuance. This signifies the formalization of new ownership and capital restructuring following the company's insolvency process.
Confidence: HIGH
What changedThe company has issued 1.11 crore new equity shares to its new promoters/resolution applicants as part of its NCLT-mandated restructuring.
Why it mattersThis formalizes the change in control and capital infusion, which is critical for the company's survival and potential revival after being under the insolvency process.
Equity shares allotted: 1,11,70,000NCLT Order Date: August 1, 2022Filing Date: July 30, 2026
📅 Short termThe market may view the progress in implementing the resolution plan positively, though the NCLT order itself is from 2022.
📈 Long termThe long-term viability depends entirely on the SRA's ability to restart operations and manage the company's legacy liabilities.
⚠ Risk flags
- Execution risk under new management
- Historical insolvency status
- Potential dilution for minority shareholders
Key Highlights
Allotment of 1,11,70,000 equity shares to the Successful Resolution Applicant (SRA).
Resolution Plan implementation based on NCLT order dated August 1, 2022.
Shares issued to Plug & Play Retail and Distribution Private Limited and Mr. Vijay Patel.
Disclosure filed under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations.
👀 What to Watch
Investors should monitor the updated shareholding pattern to understand the SRA's total control and watch for any upcoming operational turnaround plans or the resumption of regular financial reporting.
RMCL Completes NCLT Plan: 9.13 Cr Shares Cancelled, New Promoter Holds 94.9%
Radha Madhav Corporation (RMCL) has successfully implemented its NCLT-approved Resolution Plan, marking its exit from insolvency. The company has cancelled its entire pre-resolution equity capital of 9,12,95,775 shares and issued 1,11,70,000 new shares to the successful bidder, Plug & Play Retail and Distribution Pvt. Ltd. The new promoter infused the final ₹5.58 crore (₹5 per share) to complete the allotment. Post-restructuring, the promoter group controls 94.9% of the company, while public shareholding is reduced to just 5.1%.
Confidence: HIGH
What changedRMCL has transitioned from an insolvent entity to a restructured company with a new promoter and a drastically reduced equity base.
Why it mattersThis represents a fresh start for the company with a clean balance sheet and new ownership, although it resulted in a total loss of value for pre-resolution equity holders.
Shares Cancelled: 9,12,95,775New Shares Allotted: 1,11,70,000Final Infusion Amount: ₹5,58,50,000Post-Restructuring Total Shares: 1,33,92,185Promoter Stake: 94.90%
📅 Short termThe stock may experience extreme volatility or trading suspensions as the exchange adjusts for the massive capital reduction and new shareholding structure.
📈 Long termThe long-term viability depends entirely on the new promoter's ability to execute a successful business turnaround and generate sustainable profits.
⚠ Risk flags
- Extreme dilution for legacy shareholders
- High promoter concentration (94.9%)
- Execution risk under new management
Key Highlights
Cancellation of 9,12,95,775 existing equity shares as per the NCLT-approved Resolution Plan
Allotment of 1,11,70,000 fully paid equity shares to the new promoter group
Infusion of ₹5,58,50,000 by Plug & Play Retail and Distribution Pvt. Ltd. as final payment
Promoter shareholding increased to 94.90% of the restructured equity base
Public shareholding significantly diluted to 5.10% (6,82,185 shares)
👀 What to Watch
Monitor the company's upcoming financial results to evaluate the new management's business strategy and operational turnaround. Investors should also note that the company must eventually increase public float to 25% to comply with SEBI listing norms.
RMCL Reports ₹236.17 Million Net Loss in Q2 FY23 Following NCLT Resolution Plan Approval
Radha Madhav Corporation Limited (RMCL) has released its delayed financial results for the quarter ended September 30, 2022, following the NCLT's approval of a resolution plan by M/s. Vama Construction on August 1, 2022. The company reported a massive net loss of ₹236.17 million for the quarter, primarily due to 'Other expenses' totaling ₹202.75 million. Revenue from operations remains negligible at just ₹0.34 million, down from ₹0.55 million in the same quarter the previous year. The balance sheet reflects a significant restructuring, with equity share capital reduced from ₹912.95 million to ₹68.51 million.
Confidence: HIGH
What changedThe company has transitioned out of the Corporate Insolvency Resolution Process (CIRP) with a new promoter and a restructured balance sheet following NCLT approval on August 1, 2022.
Why it mattersThis filing confirms the severe financial erosion during the insolvency period and sets a new, albeit low, baseline for the company's restructured capital and operations.
Net Loss (Q2 FY23): ₹236.17 millionRevenue from Operations (Q2 FY23): ₹0.34 millionEquity Share Capital (Post-Restructuring): ₹68.51 millionOther Expenses (Q2 FY23): ₹202.75 millionTotal Assets: ₹375.09 million
📅 Short termThe stock is likely to remain under pressure due to the heavy losses and the realization of the extent of capital reduction for existing shareholders.
📈 Long termThe long-term survival depends entirely on the execution of the resolution plan and whether the new management can pivot the business back to profitability from a near-zero revenue base.
⚠ Risk flags
- Negative net worth of ₹75.24 million
- Negligible operational revenue
- Significant delay in financial reporting
- High 'Other expenses' likely related to insolvency costs or write-offs
Key Highlights
Net loss of ₹236.17 million reported for the quarter ended September 30, 2022.
Revenue from operations fell to ₹0.34 million compared to ₹0.55 million in the year-ago period.
Equity share capital drastically reduced to ₹68.51 million from ₹912.95 million as per the NCLT resolution plan.
Other expenses surged to ₹202.75 million, representing the bulk of the quarter's total expenditure of ₹236.66 million.
Total Equity remains negative at ₹-75.24 million as of September 30, 2022.
👀 What to Watch
Investors should monitor the new management's (Vama Construction) ability to restart operations and generate sustainable revenue, as current operations are nearly at a standstill. The massive delay in reporting (results for 2022 being filed in 2026) and negative net worth indicate extreme distress.
RMCL Clarifies NCLT Penalty Waiver and 93.65% Haircut in Resolution Plan
Radha Madhav Corporation Limited (RMCL) has clarified to exchanges that the NCLT, via an order dated November 10, 2025, has waived all penalties up to August 1, 2022, covering the period before and during its Corporate Insolvency Resolution Process (CIRP). The company underwent a massive capital reduction from 9,12,95,775 shares to just 6,82,185 shares as part of the approved resolution plan. The new management, VAMA Construction Co., is paying ₹36.46 crore against total admitted claims of ₹573.82 crore, representing a 93.65% haircut for creditors. The company also noted that consolidated results are not yet applicable as the acquisition of Phytoatomy Private Limited is still in process.
Confidence: HIGH
What changedThe company has formally responded to exchange queries regarding historical non-compliance, confirming that NCLT has cleared the new management of past penalties and clarified the current capital structure.
Why it mattersThis filing confirms the legal 'clean slate' for the new management post-insolvency, though the massive equity reduction has fundamentally changed the ownership structure and value for legacy shareholders.
Resolution Plan Value: ₹36.46 crTotal Admitted Claims: ₹573.82 crCreditor Haircut: 93.65%New Share Capital: 6,82,185 unitsLiquidation Value: ₹57.84 crFair Value: ₹75.65 cr
📅 Short termThe clarification provides regulatory clarity, but the stock remains in a transition phase pending listing approvals for the new capital structure.
📈 Long termThe company's survival depends on the new management's ability to restart operations and complete acquisitions like Phytoatomy on a much smaller capital base.
⚠ Risk flags
- Massive equity dilution/reduction
- Pending listing approvals for new shares
- Execution risk under new management post-insolvency
- Historical non-compliance legacy
Key Highlights
NCLT waived all penalties for the period prior to and during CIRP up to August 1, 2022
Equity share capital reduced significantly from 9,12,95,775 to 6,82,185 equity shares
Resolution plan involves a total payment of ₹36.46 crore against claims of ₹573.82 crore
Secured financial creditors to receive ₹36 crore against claims of ₹533.64 crore
Corporate governance norms (Reg 17-27) currently not applicable as paid-up capital is below ₹10 crore
👀 What to Watch
Investors should monitor the timeline for listing approval of the new reduced share capital on BSE and NSE and the finalization of the Phytoatomy Private Limited acquisition.
RMCL Promoter Declares Zero Share Encumbrance for FY 2025-26
Vijay Patel, representing the promoter group of Radha Madhav Corporation Limited (RMCL), has submitted a declaration under SEBI Regulation 31(4) stating that no shares were encumbered during the financial year ended March 31, 2026. The company is currently in a transition phase following an NCLT-approved Resolution Plan from August 2022, which involved a massive capital reduction from 9.13 crore shares to just 6.82 lakh shares. Although new shares totaling 1.27 crore have been allotted, they are currently awaiting listing and dematerialization approvals from BSE and NSE.
Key Highlights
Promoter group declared zero encumbrance (pledging) of shares for the financial year ending March 31, 2026.
Share capital was significantly reduced from 9,12,95,775 to 6,82,185 shares on September 29, 2022, following an NCLT order.
A total of 1,27,10,000 new shares were allotted between September and December 2022 but remain unlisted and undematerialized.
Old promoter shareholding has technically become NIL under the Resolution Plan, though exchanges still reflect old data pending final listing approval.
The company has received a temporary ISIN (INE172H01022) and is awaiting final approval from BSE and NSE for the capital reduction.
👀 What to Watch
Investors should exercise caution as the company's share capital is undergoing significant restructuring and the new shares are not yet liquid or listed. Monitor exchange announcements for the final approval of the capital reduction and listing of new allotments.
RMCL Reports FY26 Net Loss of ₹4.04 Million as Operational Revenue Drops to Zero
Radha Madhav Corporation Limited (RMCL) reported a net loss of ₹4.04 million for the financial year ended March 31, 2026, a sharp decline from a profit of ₹0.77 million in FY25. The company's revenue from operations fell to zero for the entire fiscal year, with its total income of ₹15.23 million being derived entirely from 'Other Income'. The fourth quarter (Q4FY26) was particularly weak, posting a net loss of ₹5.37 million. Furthermore, the company's balance sheet remains stressed with negative 'Other Equity' of ₹67.00 million.
Key Highlights
Reported a net loss of ₹4.04 million in FY26 compared to a profit of ₹0.77 million in FY25.
Revenue from operations plummeted to zero for FY26 from ₹1.16 million in the previous year.
Total income decreased by 54.7% year-on-year to ₹15.23 million, consisting solely of other income.
Q4 FY26 net loss stood at ₹5.37 million against a profit of ₹7.91 million in the same quarter last year.
Accumulated losses have led to a negative 'Other Equity' position of ₹67.00 million as of March 31, 2026.
👀 What to Watch
Investors should exercise extreme caution as the company has no core operational revenue and is reporting significant losses. The negative equity position and reliance on non-operational income indicate a highly distressed financial state.
RMCL Reports Q3 FY24 Net Loss of ₹5.49 Million Amid Post-Insolvency Transition
Radha Madhav Corporation Limited (RMCL) reported a net loss of ₹5.49 million for the quarter ended December 31, 2023, widening from a loss of ₹2.21 million in the same quarter last year. Total income for the quarter was negligible at ₹0.18 million, down from ₹0.79 million YoY, reflecting a significant scale-down in operations. The company is currently operating under new management following a Corporate Insolvency Resolution Process (CIRP) and a resolution plan approved by the NCLT in August 2022. Expenses for the quarter stood at ₹5.67 million, primarily driven by depreciation and administrative costs.
Key Highlights
Net loss widened to ₹5.49 million in Q3 FY24 compared to ₹2.21 million in Q3 FY23.
Total income for the quarter fell to ₹0.18 million from ₹0.79 million in the previous year's corresponding quarter.
9-month cumulative loss for FY24 stands at ₹7.34 million on a total income of just ₹0.71 million.
Company is transitioning under new promoters (Vama Construction) following NCLT resolution plan approval.
Auditors issued a 'going concern' note, indicating potential uncertainty regarding the company's ability to continue operations without successful restructuring.
👀 What to Watch
Investors should exercise extreme caution as the company has negligible revenue and is struggling to stabilize post-insolvency. Avoid fresh positions until there is clear evidence of business revival and consistent revenue generation.
RMCL Reports Q3 FY26 Net Profit of ₹10.02 Million Driven by Other Income
Radha Madhav Corporation Limited (RMCL) reported a net profit of ₹10.02 million for the quarter ended December 31, 2025, marking a turnaround from a loss of ₹7.14 million in the same period last year. Notably, the company reported zero revenue from operations, with the entire total income of ₹8.61 million derived from 'Other Income'. The bottom line was further boosted by negative total expenses of -₹1.41 million, likely due to accounting adjustments or reversals in other expenses. For the nine-month period ended December 2025, the company turned profitable with a net profit of ₹1.33 million compared to a substantial loss of ₹24.60 million in the previous year.
Key Highlights
Net Profit of ₹10.02 million in Q3 FY26 versus a loss of ₹7.14 million in Q3 FY25.
Revenue from operations was ₹0 for the quarter, indicating a halt or lack of core business activity.
Other Income surged to ₹8.61 million from ₹0.72 million in the corresponding quarter of the previous year.
Total expenses were recorded as a credit of ₹1.41 million, significantly impacting the quarterly profit.
9-month FY26 cumulative profit stands at ₹1.33 million against a loss of ₹24.60 million in 9M FY25.
👀 What to Watch
Investors should exercise caution as the reported profit is non-operational and stems from other income and expense credits rather than business growth. The lack of operational revenue is a significant red flag that requires further investigation into the company's business viability.
RMCL Reports Q3 PAT of ₹10.02 Million Driven by Other Income Despite Zero Operational Revenue
Radha Madhav Corporation Limited (RMCL) reported a net profit of ₹10.02 million for the quarter ended December 31, 2025, compared to a loss of ₹7.14 million in the same period last year. However, the quality of earnings is weak as revenue from operations was nil for the quarter, and the profit was entirely driven by ₹8.61 million in 'Other Income' and a negative expense adjustment. For the nine-month period ending December 2025, the company posted a marginal profit of ₹1.33 million, recovering from a substantial loss of ₹24.60 million in the previous year.
Key Highlights
Net Profit stood at ₹10.02 million in Q3 FY26 versus a Net Loss of ₹7.14 million in Q3 FY25.
Revenue from operations dropped to zero for the quarter, down from ₹0.24 million in the preceding quarter.
Other Income surged to ₹8.61 million, representing the company's entire income stream for the period.
Total expenses were recorded as a credit of ₹1.41 million, primarily due to a negative 'Other Expenses' entry of ₹2.31 million.
Basic and Diluted EPS improved to ₹1.28 for the quarter, up from a negative ₹0.91 YoY.
👀 What to Watch
Investors should exercise extreme caution as the company lacks core operational revenue and the current profitability is based on non-recurring other income. It is advisable to wait for signs of business revival or a restart of operations before considering any investment.
RMCL Reports FY23 Net Loss of ₹218.15 Million; Revenue Declines 82% YoY
Radha Madhav Corporation Limited (RMCL) reported a severe decline in financial performance for the fiscal year ended March 31, 2023, with total income falling to ₹1.96 million from ₹11.33 million in FY22. The company posted a massive net loss of ₹218.15 million for FY23, a significant jump from the ₹6.73 million loss in the previous year, largely due to a spike in 'Other Expenses' totaling ₹208.95 million. Most critically, the company's net worth has turned negative at -₹82.75 million, and the results were released with a significant delay. While Q4 FY23 showed a technical profit of ₹23.01 million, it was driven by accounting adjustments rather than operational growth.
Key Highlights
Annual revenue plummeted by 82.7% YoY to ₹1.96 million in FY23.
Net loss widened drastically to ₹218.15 million for the full year compared to ₹6.73 million in FY22.
Total Equity (Net Worth) turned negative at -₹82.75 million as of March 31, 2023.
Other expenses surged to ₹208.95 million in FY23 from just ₹5.81 million in the previous year.
Management noted a change in promoters and directors, indicating a period of transition and instability.
👀 What to Watch
Investors should exercise extreme caution as the company's net worth is completely eroded and operational revenue is negligible. The massive losses and delayed reporting are significant red flags; it is advisable to avoid this stock until a clear turnaround is visible.
RMCL Reports Q3 FY23 Net Loss of ₹2.21 Million Amid Management Transition
Radha Madhav Corporation Limited (RMCL) reported a marginal revenue of ₹0.74 million for the quarter ended December 31, 2022, a slight increase from ₹0.60 million in the previous year. The company posted a net loss of ₹2.21 million for the quarter, though this narrowed from a ₹6.15 million loss in the corresponding quarter of 2021. For the nine-month period ending December 2022, the company faced a massive net loss of ₹241.16 million, primarily driven by high 'Other Expenses' in the preceding quarter. The company is currently undergoing a management change with new promoters and a restructured board, while auditors have flagged 'Going Concern' risks.
Key Highlights
Revenue from operations remained extremely low at ₹0.74 million for the quarter ended December 31, 2022.
Net loss for the quarter stood at ₹2.21 million, compared to a loss of ₹6.15 million in Q3 FY22.
Cumulative 9-month loss reached ₹241.16 million, significantly impacted by ₹203.92 million in total expenses.
Management transition is underway with new promoters inducting a new Board of Directors.
Auditors issued a 'Going Concern' warning, indicating uncertainty about the company's ability to continue operations.
👀 What to Watch
Investors should remain highly cautious due to the company's negligible revenue, significant accumulated losses, and the auditor's 'Going Concern' warning. The delayed filing of these results and the management overhaul suggest a high-risk environment; it is advisable to wait for signs of operational stability before considering any exposure.
RMCL Reports ₹236.17 Million Net Loss in Q2 FY23 Amid Insolvency Resolution
Radha Madhav Corporation Limited (RMCL) reported a massive net loss of ₹236.17 million for the quarter ended September 30, 2022, a sharp decline from a profit of ₹1.18 million in the same period last year. Revenue from operations was nearly non-existent at ₹0.34 million, reflecting a significant operational halt. The company recently emerged from the Corporate Insolvency Resolution Process (CIRP) following NCLT approval of a resolution plan by M/s. Vama Construction on August 1, 2022. The results show heavy financial restructuring, with 'Other Expenses' surging to ₹202.75 million as assets and liabilities were readjusted under new management.
Key Highlights
Net Loss of ₹236.17 million in Q2 FY23 compared to a profit of ₹1.18 million in Q2 FY22
Revenue from operations fell to ₹0.34 million, down 38% from ₹0.55 million year-on-year
Other expenses spiked to ₹202.75 million from ₹1.83 million YoY due to insolvency-related readjustments
Total Equity stood at a negative ₹75.24 million as of September 30, 2022
Resolution plan by M/s. Vama Construction approved by NCLT on August 1, 2022, leading to a complete management change
👀 What to Watch
Investors should remain extremely cautious as the company is in a post-insolvency recovery phase with negative equity and minimal revenue. Avoid fresh positions until the new management demonstrates a viable path to operational normalcy and consistent revenue generation.
RMCL Clarifies Phytoatomy Private Limited Acquisition Still Under Process
Radha Madhav Corporation Limited (RMCL) has issued a clarification regarding its proposed acquisition of a majority stake in Phytoatomy Private Limited, originally announced on November 4, 2023. The company confirmed that as of January 23, 2026, the acquisition process is still ongoing and has not been completed. Consequently, RMCL has not yet acquired any control or shareholding in the target company. This update highlights a significant delay of over two years since the initial proposal was made.
Key Highlights
Proposed acquisition of majority stake in Phytoatomy Private Limited remains incomplete as of January 23, 2026.
Initial intimation regarding the acquisition was provided to exchanges on November 4, 2023.
RMCL currently holds 0% shareholding and no management control in Phytoatomy Private Limited.
The acquisition process has now extended beyond a 26-month period without reaching closure.
👀 What to Watch
Investors should remain cautious as the prolonged delay in completing the acquisition may indicate execution hurdles. Monitor for future disclosures regarding the finalization of terms or potential cancellation of the deal.
RMCL Clarifies Status of Phytoatomy Private Limited Acquisition
Radha Madhav Corporation Limited (RMCL) has issued a clarification regarding its proposed acquisition of a majority stake in Phytoatomy Private Limited. The company stated that the acquisition process, which was first announced on November 4, 2023, is still ongoing and has not been completed as of January 23, 2026. As a result, RMCL currently holds no shareholding or control over the target entity. This update highlights a significant delay of over two years in the execution of the deal.
Key Highlights
Proposed acquisition of a majority stake in Phytoatomy Private Limited remains in progress.
Initial announcement regarding the acquisition was made over 26 months ago on November 4, 2023.
RMCL confirms it has not yet acquired any control or shareholding in the target company.
The delay indicates potential hurdles in the completion of the transaction.
👀 What to Watch
Investors should remain cautious as the acquisition has faced a prolonged delay of over two years. Monitor for further updates regarding the finalization of the deal or any changes in terms.
RMCL Clarifies Status of Phytoatomy Private Limited Acquisition
Radha Madhav Corporation Limited (RMCL) has provided a status update on its proposed acquisition of a majority stake in Phytoatomy Private Limited, first announced in November 2023. The company clarified that the acquisition process is still ongoing and has not been completed as of January 23, 2026. Consequently, RMCL currently holds no shareholding or operational control over the target entity. This update highlights a significant delay of over two years since the initial deal intimation.
Key Highlights
Proposed acquisition of majority stake in Phytoatomy Private Limited remains in process.
Initial intimation regarding the acquisition was dated November 4, 2023.
RMCL confirms it has not yet acquired any control or shareholding in the target company.
The deal has remained pending for approximately 26 months without final execution.
👀 What to Watch
Investors should remain cautious as the prolonged delay in completing the acquisition may affect projected growth timelines. Monitor for future disclosures regarding the final valuation and reasons for the extended processing period.
RMCL Clarifies Acquisition of Phytoatomy Private Limited Still Under Process
Radha Madhav Corporation Limited (RMCL) has issued a clarification regarding its proposed acquisition of a majority stake in Phytoatomy Private Limited, which was initially announced on November 4, 2023. The company stated that the acquisition process is still ongoing and has not been completed as of January 23, 2026. As a result, RMCL has not yet acquired any control or shareholding in the target entity. This update highlights a significant delay of over two years in the execution of the transaction.
Key Highlights
Proposed acquisition of majority stake in Phytoatomy Private Limited remains incomplete as of January 2026.
The original acquisition proposal was first intimated to exchanges on November 4, 2023.
RMCL currently holds zero control or shareholding in Phytoatomy Private Limited.
The transaction has been in process for approximately 26 months without reaching finality.
👀 What to Watch
Investors should exercise caution and monitor for definitive timelines or reasons for the prolonged delay in this acquisition. The lack of progress over two years may indicate underlying execution risks or regulatory hurdles.
RMCL Clarifies Delay in Acquisition of Phytoatomy Private Limited
Radha Madhav Corporation Limited (RMCL) has issued a clarification regarding its proposed acquisition of a majority stake in Phytoatomy Private Limited, first announced on November 4, 2023. The company stated that the acquisition process is still ongoing and has not been completed as of January 23, 2026. Consequently, RMCL currently holds no shareholding or operational control in the target company. This update highlights a significant delay of over two years since the initial proposal was made.
Key Highlights
Proposed acquisition of majority stake in Phytoatomy Private Limited remains in process after 2+ years.
RMCL confirms it has not yet acquired any control or shareholding in the target entity.
The original intimation for the deal was dated November 4, 2023.
The delay indicates potential regulatory or due diligence hurdles in finalizing the transaction.
👀 What to Watch
Investors should remain cautious as the prolonged delay in completing the acquisition may affect the company's projected growth timelines. Monitor for further disclosures regarding the finalization or potential termination of this deal.
