Radha Madhav Corp Allots 1.11 Cr Shares to Promoter

Radha Madhav Corporation Ltd has completed the allotment of 1,11,70,000 fully paid equity shares to Plug & Play Retail and Distribution Private Limited, the Successful Resolution Applicant, in the promoter category. This allotment, valued at ₹5,58,50,000, follows the full payment of the balance amount per share. The company also announced the cancellation of its pre-Resolution Plan capital of 9,12,95,775 equity shares. Post-allotment, promoters will hold 11.50% and promoter (fully paid) will hold 83.40% of the total shareholding.