
Clarification13 Nov 2026, 11:02 pm
Radhagobind Commercial: Statement of Deviation Not Applicable
AI Summary
Radhagobind Commercial Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, has stated that the Statement of Deviation or Variation in the utilisation of funds raised is not applicable for the quarter ended 30 September 2026. This is because the company has not raised any funds through any public issue, rights issue, preferential issue, qualified institutions placement, or any other issue of specified securities during the period. Consequently, no such statement is enclosed with the Unaudited Financial Results submitted to the Exchange.
Key Highlights
- Company is under CIRP as per NCLT order dated 30-10-2026.
- Statement of Deviation not applicable for the quarter ended 30 Sep 2026.
- No funds were raised through public/rights/preferential issues.
- RP exercises powers of the Board of Directors.
Price Impact
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