Radha Madhav Corporation: Equity Allotment Signals New Ownership

Radha Madhav Corporation Limited has officially allotted 1,11,70,000 equity shares to Plug & Play Retail and Distribution Private Limited and Mr. Vijay Patel, identified as the Successful Resolution Applicant (SRA).

What just happened

The company completed a significant part of its corporate resolution process by allotting over 1.11 crore shares on July 18, 2026.

Why this matters

This allotment formalizes the transfer of control as per the NCLT-approved resolution plan, with the SRA now holding a commanding 94.91% stake in the company.

Reader Takeaway: New management takes control; focus shifts to operational turnaround.

The backstory

This share allotment is a direct consequence of the resolution plan approved by the National Company Law Tribunal (NCLT) on August 1, 2022, marking an important step in the company's revival.

What changes now

The Successful Resolution Applicant's shareholding has increased from 11.50% to 94.91%, effectively consolidating near-total control of the listed entity under the new promoter group.

Risks to watch

Investors will need to closely monitor the operational performance and strategic direction under the new management. Any delays or failures in the turnaround plan could impact the stock.

Peer comparison

(No specific peer comparison data available in the filing for this event.)

Context metrics (time-bound)

• Allotment Date: July 18, 2026
• NCLT Approval Date: August 1, 2022
• Shares Allotted: 1,11,70,000
• SRA Pre-Allotment Stake: 11.50%
• SRA Post-Allotment Stake: 94.91%

What to track next

Investors should watch for future announcements regarding the company's operational strategy, management changes, and financial performance under the new controlling shareholder.