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RMCL Q2 FY27 Reports Profit of ₹0.41 Mn on Zero Core Revenue; Total Equity at ₹4.02 Mn
Radha Madhav Corporation reported standalone net profit of ₹0.41 million (₹0.041 crore) for the quarter ended September 30, 2026, compared to a net loss of ₹7.50 million in the preceding quarter. Revenue from core operations remained at zero, with total income driven entirely by other income of ₹3.31 million. Total expenses decreased sharply to ₹2.90 million from ₹10.09 million in Q1 FY27, mainly due to lower other expenses. The company's balance sheet remains fragile, with negative other equity of ₹(74.08) million leaving total equity at just ₹4.02 million against liabilities of ₹142.92 million.
உச்சம் நம்பிக்கை
என்ன மாறியதுRMCL posted a marginal net profit of ₹0.41 million in Q2 FY27 after reporting losses in preceding periods, driven by cost curtailment and other income.
ஏன் இது முக்கியம்Operational activity remains completely halted with zero revenue, meaning profits are supported strictly by non-operating income while net worth remains severely eroded.
Revenue from operations: NilOther Income (Q2 FY27): Rs. 3.31 millionNet Profit (Q2 FY27): Rs. 0.41 millionTotal Equity (as of Sep 2026): Rs. 4.02 millionTotal Liabilities (as of Sep 2026): Rs. 142.92 million
📅 குறுகிய காலம்Trading window opens November 09, 2026; however, market reaction is likely subdued given the lack of core business operations.
📈 நீண்ட காலம்Limited viability unless the company revives its core operating model and addresses its negative other equity and liability burden.
⚠ அபாய எச்சரிக்கைகள்
Zero operational revenue
Severe net worth erosion with other equity at ₹(74.08) million
Reliance on other income for survival
👀 கவனிக்க வேண்டியவை
Track whether the company can restart commercial operations to generate operational revenue, and monitor updates regarding resolution of stressed liabilities.
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.
உச்சம் நம்பிக்கை
என்ன மாறியதுRMCL restructured its leadership by appointing a new Whole-time Director & CFO and an additional Whole-time Director, and formalized dates for its 22nd AGM.
ஏன் இது முக்கியம்Filling critical leadership roles (CFO and Whole-time Directors) addresses executive governance requirements as the company navigates minimal operational revenue and ongoing losses.
AGM Date: செப்டம்பர் 25, 2026E-voting Cut-off Date: செப்டம்பர் 18, 2026E-voting Start Date: செப்டம்பர் 22, 2026E-voting End Date: செப்டம்பர் 24, 2026
📅 குறுகிய காலம்Neutral procedural update; shareholder voting will run September 22-24, 2026.
📈 நீண்ட காலம்Limited operational impact unless the new leadership executes a financial turnaround for the business.
⚠ அபாய எச்சரிக்கைகள்
Company operations are currently distressed with zero reported quarterly revenue and ongoing net losses.
👀 கவனிக்க வேண்டியவை
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.
உச்சம் நம்பிக்கை
என்ன மாறியதுRMCL reported standalone Q1 results showing continued absence of operational revenue and widening net losses.
ஏன் இது முக்கியம்The company remains operationally stalled with zero core sales, relying on other income while incurring ongoing administrative and employee costs.
Revenue from Operations (Q1): பூஜ்யம்Other Income (Q1): 2.59Net Loss (Q1): (7.50)Total Expenses (Q1): 10.09Converted Shares Count: 1,11,70,000
📅 குறுகிய காலம்Performance remains subdued due to zero operational top-line and negative earnings.
📈 நீண்ட காலம்Business viability depends on management successfully scaling operations following recent restructuring.
⚠ அபாய எச்சரிக்கைகள்
Zero revenue from core operations
Widening net losses
Lack of historical financial comparability due to management change
👀 கவனிக்க வேண்டியவை
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.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has issued 1.11 crore new equity shares to a Successful Resolution Applicant, effectively changing the ownership and control of the firm.
ஏன் இது முக்கியம்This 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: ஆகஸ்ட் 1, 2022Current Share Price: Rs 200.0
📅 குறுகிய காலம்The market is likely to view the formalization of the resolution plan and the entry of new promoters as a positive step toward business stability.
📈 நீண்ட காலம்The long-term viability depends on the new management's ability to execute the resolution plan and restart/scale business operations post-insolvency.
⚠ அபாய எச்சரிக்கைகள்
Significant equity dilution for existing shareholders
Execution risk under new management
Historical insolvency status
👀 கவனிக்க வேண்டியவை
Monitor the upcoming shareholding pattern to assess the total stake held by the new promoters and the resulting dilution for existing retail shareholders.
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%.
உச்சம் நம்பிக்கை
என்ன மாறியதுRMCL has transitioned from an insolvent entity to a restructured company with a new promoter and a drastically reduced equity base.
ஏன் இது முக்கியம்This 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.
📅 குறுகிய காலம்The stock may experience extreme volatility or trading suspensions as the exchange adjusts for the massive capital reduction and new shareholding structure.
📈 நீண்ட காலம்The long-term viability depends entirely on the new promoter's ability to execute a successful business turnaround and generate sustainable profits.
⚠ அபாய எச்சரிக்கைகள்
Extreme dilution for legacy shareholders
High promoter concentration (94.9%)
Execution risk under new management
👀 கவனிக்க வேண்டியவை
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.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
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.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe 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.
ஏன் இது முக்கியம்This 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 millionமொத்தச் சொத்துகள்: ₹375.09 million
📅 குறுகிய காலம்The stock is likely to remain under pressure due to the heavy losses and the realization of the extent of capital reduction for existing shareholders.
📈 நீண்ட காலம்The 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.
⚠ அபாய எச்சரிக்கைகள்
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
👀 கவனிக்க வேண்டியவை
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.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe 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.
ஏன் இது முக்கியம்This 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.
📅 குறுகிய காலம்The clarification provides regulatory clarity, but the stock remains in a transition phase pending listing approvals for the new capital structure.
📈 நீண்ட காலம்The company's survival depends on the new management's ability to restart operations and complete acquisitions like Phytoatomy on a much smaller capital base.
⚠ அபாய எச்சரிக்கைகள்
Massive equity dilution/reduction
Pending listing approvals for new shares
Execution risk under new management post-insolvency
Historical non-compliance legacy
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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 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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
Net Loss of ₹236.17 million in Q2 FY23 compared to a profit of ₹1.18 million in Q2 FY22Revenue from operations fell to ₹0.34 million, down 38% from ₹0.55 million year-on-yearOther expenses spiked to ₹202.75 million from ₹1.83 million YoY due to insolvency-related readjustmentsTotal Equity stood at a negative ₹75.24 million as of September 30, 2022Resolution plan by M/s. Vama Construction approved by NCLT on August 1, 2022, leading to a complete management change
👀 கவனிக்க வேண்டியவை
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.
முக்கிய அம்சங்கள்
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.
👀 கவனிக்க வேண்டியவை
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 Provides Update on Pending 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. 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. Consequently, RMCL currently holds no shareholding or control in the target entity. This update highlights a significant delay of over two years in the execution of the deal.
முக்கிய அம்சங்கள்
Proposed acquisition of majority stake in Phytoatomy Private Limited remains in process since November 2023.RMCL confirms it has not yet acquired any control or shareholding in the target company.The deal has been pending for approximately 26 months without finalization.The clarification was issued to stock exchanges to update the current status of the transaction.
👀 கவனிக்க வேண்டியவை
Investors should remain cautious as the prolonged delay in completing the acquisition may indicate execution challenges or regulatory hurdles. Monitor for a definitive timeline or a potential cancellation of the deal in future filings.
⚠️இந்தத் தளம் எவ்வாறு உருவாக்கப்படுகிறது: சந்தைத் தரவுப் பக்கங்கள் NSE/BSE வெளியீடுகள் மற்றும் நிறுவனங்களின் தாக்கல்களிலிருந்து தானாகக் கணக்கிடப்படுகின்றன; செய்திக் கட்டுரைகளும் அறிவிப்புப் பகுப்பாய்வுகளும் AI உதவியுடன் எழுதப்படுகின்றன, மனித மேற்பார்வையுடன்: AI உருவாக்குவதை எங்கள் ஆசிரியர்கள் மதிப்பாய்வு செய்கின்றனர். இரண்டிலும் பிழைகள் இருக்கலாம். எந்தவொரு முதலீட்டு முடிவுக்கு முன்பும் அசல் மூலங்களில் சரிபார்க்கவும். முதலீட்டு ஆலோசனை அல்ல; Flash Finance SEBI-பதிவு பெற்றது அல்ல. நாங்கள் AI-ஐ எவ்வாறு பயன்படுத்துகிறோம்
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