Date: July 03, 2026
Regulatory Compliance Disclosure
Radha Madhav Corporation Limited submitted a Certificate of Non-applicability of Corporate Governance Report issued by practicing company secretary NVB & Associates. The certificate confirms that provisions of Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 15(2)(a) of Chapter IV are not applicable to the company.
Financial Threshold Analysis
The company's paid-up share capital and net worth remained below SEBI's mandatory compliance thresholds for the last three financial years:
Paid-up Share Capital:
- FY 2025-26: ₹78.10 crores
- FY 2024-25: ₹78.10 crores
- FY 2023-24: ₹78.10 crores
Other Equity (Reserves & Surplus):
- FY 2025-26: (₹67.00 crores) [negative]
- FY 2024-25: (₹62.96 crores) [negative]
- FY 2023-24: (₹63.72 crores) [negative]
Net Worth (Paid-up capital + Other Equity):
- FY 2025-26: (₹11.10 crores) [negative]
- FY 2024-25: (₹15.14 crores) [negative]
- FY 2023-24: (₹14.38 crores) [negative]
Both metrics remained below SEBI's thresholds of ₹10.00 crores for paid-up capital and ₹25.00 crores for net worth.
Corporate Insolvency Resolution Process History
The company was under Corporate Insolvency Resolution Process (CIRP) pursuant to Hon'ble NCLT Mumbai Bench order dated October 22, 2020. The company remained under the control of Resolution Professional until August 1, 2022. As per regulation 15(2A) and (2B) of SEBI LODR Regulations, corporate governance provisions (regulations 17 to 21) were not applicable during the insolvency resolution process period.
Certification Details
The certificate was issued by Nithish Bangera, Proprietor of NVB & Associates, Practicing Company Secretaries, based on information and explanations provided by the company and review of audited financial statements. The certificate bears UDIN: A012268H000735782 and Peer Review No.: 1692/2022.