Radha Madhav Promoter Allotment 1.12 Cr Shares

Key Quantitative Figures

• Number of shares allotted: 1,11,70,000 equity shares
• Post-allotment holding of Plug & Play Retail and Distribution Private Limited along with Mr. Vijay Patel: 1,27,10,000 shares
• Percentage holding post-allotment: 69.30%
• Percentage holding pre-allotment: 94.91%
• Equity share capital before allotment: ₹2,22,28,541 (22,22,854 equity shares of ₹10 each)
• Equity share capital after allotment: ₹13,39,21,850 (1,33,92,185 equity shares of ₹10 each)
• Total diluted share/voting capital after allotment: ₹13,39,21,850 (1,33,92,185 equity shares of ₹10 each)

Parties Involved

• Disclosing Company: Radha Madhav Corporation Limited
• Promoter Entity: Plug & Play Retail and Distribution Private Limited
• Successful Resolution Applicant: Mr. Vijay Patel
• Regulatory Authorities: SEBI, National Company Law Tribunal (NCLT)
• Stock Exchanges: BSE Limited, NSE Limited

Purpose/Rationale

The allotment is pursuant to the Resolution Plan approved by the Hon'ble National Company Law Tribunal vide its order dated August 1, 2022.

Mode of Acquisition

Preferential allotment

Capital Structure Impact

Significant increase in equity share capital from ₹2.22 crore to ₹13.39 crore, representing a 6-fold expansion of the share capital base through the fresh allotment of 1.12 crore shares.