Radha Madhav Corporation Ltd

AGM Details

• 22nd AGM held on 25 September 2026 at 04:30 PM IST via VC/OAVM

Resolutions Adopted

• All resolutions in the notice approved by shareholders with requisite majority

Documentation

• Scrutinizer report submitted; will be hosted on the company's website

AGM details

• AGM held Sep 25, 2026 at 04:30 PM via VC/OAVM; concluded at 04:40 PM.
• Quorum via VC/OAVM; attendance 52; record date 18.09.2026; shareholders on record 17,398.

Resolutions and outcomes

• Adoption of standalone financial statements approved.
• Reappointment by rotation of Nilamadhabasisa Das; voting not counted.
• Appointment of Nitin Jain as Whole-Time Director and CFO; voting not counted.
• Appointment of Vijay Patel as Whole-Time Director; voting not counted.
• All resolutions approved by requisite majority.

Director changes

• Nilamadhabasisa Das reappointment by rotation (subject to approval).
• Nitin Jain appointed as Whole-Time Director and CFO.
• Vijay Patel appointed as Whole-Time Director.

Other governance matters

• Auditors: no changes disclosed.
• Dividend: no dividend proposed.
• Material related party transactions: none disclosed.
• No other material approvals reported.

AGM details

• Date/time/mode: 25 Sep 2026, 04:30 PM IST, VC/OAVM.
• Quorum reckoned per MCA circular; meeting started late due to lack of quorum.

Resolutions and voting

• Ordinary resolution: Adopt audited standalone financial statements for year ended 31 March 2026.
• Ordinary resolution: Re-appointment by rotation of director Nilamadhabasisa Das.
• Special resolution: Appointment of Nitin Jain as Whole-Time Director and CFO.
• Special resolution: Appointment of Vijay Patel as Whole-Time Director.
• Voting results to be declared after Scrutinizer's Report.

Directors

• Nilamadhabasisa Das to be re-appointed by rotation, subject to member approval.
• Nitin Jain appointed as Whole-Time Director and CFO.
• Vijay Patel appointed as Whole-Time Director.

Auditors

• Independent Auditors attended; no changes in appointment announced.

Radha Madhav Corporation Limited trading window remains closed from Oct 01, 2026 in connection with unaudited financial results for the quarter ended Sep 30, 2026; The Trading Window will open 48 hours after the said financial results are declared to the Stock Exchanges.

AGM details

• AGM on Sept 25, 2026 at 04:00 PM via VC/OAVM
• Deemed venue: Registered Office, Daman
• Register closure: Sept 19–21, 2026; cut-off Sept 18, 2026
• E-voting window: Sept 22–24, 2026; results Sept 26, 2026
• Attendance via VC/OAVM with 1000 member limit

Key resolutions

• Ordinary business: adopt standalone financial statements for FY2025-26
• Ordinary business: re-appoint Nilamadhabasisa Das by rotation
• Special resolution: appoint Nitin Jain as Whole-time Director and CFO
• Special resolution: appoint Vijay Patel as Whole-time Director

Voting status

• E-voting results to be published Sept 26, 2026

Directors & shareholding

• Nitin Jain: NIL remuneration; not liable to retire by rotation
• Nitin Jain: term Aug 31, 2026–Aug 30, 2029
• Vijay Patel: Direct 15,00,000; Indirect 1,12,10,000 shares
• Vijay Patel: Director at Plug & Play Retail and Distribution Private Limited
• Vijay Patel: NIL remuneration; term Aug 31, 2026–Aug 30, 2029

Financial performance

• Total income Rs 15.23m in FY26, down from Rs 33.60m prior year
• Revenue from operations Rs 0 in FY26; Rs 1.40m in FY25
• Profit before tax Rs -4.04m in FY26 vs Rs 0.75m in FY25
• Net loss after tax Rs -4.04m in FY26 vs Rs 0.75m profit
• EPS (basic/diluted) Rs -0.30 in FY26; Rs 0.06 in FY25
• Cash flow from operations Rs 50.38m in FY26; positive
• Dividend for FY26: NIL

Capital structure & ownership

• NCLT resolution plan approved Aug 1, 2022; debt resolved
• Capital reduced from 9,12,95,775 to 6,82,185 shares
• Promoters allotted 15,00,000 and 40,000 new shares; majority promoter holding
• 1,11,70,000 partly paid shares fully paid on Jul 18, 2026
• Total fully paid shares: 1,33,92,185; listing pending
• Temporary ISIN INE172H01022; listing approvals awaited with BSE/NSE

Dividends & reserves

• Dividend for FY26: NIL
• Profit retained in P&L; no transfer to reserves
• Share capital changes disclosed in the notes

Audit & governance

• Statutory Auditor Ajay Shobha & Co; tenure to 2027-28
• Secretarial Auditor DSM and Associates; appointment approved
• Going concern: net worth eroded; revival expected
• Board includes independent directors Niharika Kanojiya and Imaran Khan

Strategy & future outlook

• Strategy: invest in new machinery and automation
• Diversify product portfolio and expand retail channels
• Post-CIRP focus on modernization and growth
• Phytoatomy acquisition pending; no consolidation

Liquidity & debt

• Current borrowings Rs 37.36m; no long-term borrowings
• Cash and cash equivalents around Rs 4-5m at year-end
• Net cash from operations Rs 50.38m

Risk & compliance

• SOP penalties paid; settlements with exchanges
• Trading suspended during listing process; approvals awaited
• No subsidiary; related party transactions disclosed in AOC-2

Subsidiaries & related parties

• Company has no subsidiary; Phytoatomy acquisition pending

Key approvals and AGM actions

• Nitin Jain appointed Whole-time Director and CFO; subject to approval at ensuing General Meeting.
• Vijay Patel appointed Whole-time Director; subject to approval at ensuing General Meeting.
• Nilamadhabasisa Das offered for re-appointment as Director; subject to member approval.
• Director's Report, Corporate Governance Report and MD&A for year ended 31 March 2026 approved.
• Notice for 22nd AGM on Sep 25, 2026 via VC/OVAM approved.
• Register of Members and share transfer books closed Sep 19–21, 2026.
• E-voting period Sep 22–24, 2026; cut-off Sep 18, 2026.
• Voting rights proportional to paid-up capital as on the cut-off date.
• E-voting facility available during AGM; Scrutinizer appointed.
• Trading window opened Sep 3, 2026 for designated persons.
• Annexures A and B detailing appointments enclosed.

Directors and governance details

• Nitin Jain appointed WTD and CFO; appointment date Aug 31, 2026.
• Vijay Patel appointed WTD; appointment date Aug 31, 2026.
• Vijay Patel shareholding in the company: 15,00,000 shares.
• Plug & Play Retail and Distribution Private Limited holds 1,12,10,000 shares.
• Nitin Jain not related to directors or KMP; holds no shares.
• Vijay Patel not related to other directors or KMP.
• Scrutinizer appointed: M/s. NVB & Associates.

Meeting Details

• Board meeting scheduled for Monday, August 31, 2026 (time not disclosed).

Key Agenda Items

• Approve Directors’ Report, Corporate Governance Report, and MD&A for year ended 31 March 2026.
• Approve notice for calling of Annual General Meeting.
• Fix book-closure dates for the AGM.
• Decide time, venue, and date of the AGM.
• Appoint Scrutinizer for AGM process.
• Appoint Mr. Nitin Jain as Whole-time Director and CFO, subject to GM approval.
• Appoint Kamakhyaprasad Dala Behera as Whole-time Director, subject to GM approval.
• Consider re-appointment of Mr. Nilamadhabasisa Das as Director, subject to member approval.

Other Notes

• Trading window closed from Aug 24, 2026 until 48 hours after the announcement of board meeting outcome.