Radha Madhav Corp: Plug & Play Retail Acquires 81.41% Stake via Allotment

Radha Madhav Corporation Ltd has disclosed a substantial acquisition by Plug & Play Retail and Distribution Private Limited, along with Mr. Vijay Patel (Successful Resolution Applicant). Following a Resolution Plan approved by the NCLT, 1,11,70,000 equity shares were allotted, increasing their holding to 81.41% of the total voting capital. This significant shareholding change is a result of a preferential allotment. Prior to this, their holding was 15,40,000 shares, representing 69.30% of the total share capital. The total equity share capital of the company has also been revalued post-allotment.