Reply to Clarification- Financial results

March 6, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Bandra (E), Dalal Street, Mumbai - 400 001 Mumbai-400051 BSE Scrip Code: 532692 NSE Symbol: RMCL Subject: Reply to Common Queries Raised by BSE and NSE Common queries raised by BSE Limited and National Stock Exchange of India Limited, Accordingly, we hereby submit our consolidated response to all the common queries as under: Queries Raised by Exchanges Our Reply Company has not done The company was under the control of old management till submission of compliances till October 22, 2020 from March 2015 till August 2022, which has resulted in non- The Company was admitted into Corporate Insolvency compliance and penalties being Resolution Process (CIRP) on October 22, 2020. levied. From October 22, 2020 to August 01, 2022, the Company was under the control and management of the Resolution Professional pursuant to the initiation of CIRP under the Insolvency and Bankruptcy Code, 2016. Hon’ble NCLT vide order dated August 1, 2022 approved Resolution plan submitted by the new management. (Now company is in control of new management) As per para no. 27 of the Hon’ble NCLT order dated August 1, 2022 is reproduced herein below: “We hold that the Resolution Applicant cannot be saddled with any previous claim against the Corporate Debtor prior to initiation of its CIRP. For the permits, licenses, leases, or any other statutory right vested in the Corporate Debtor shall remain with the Corporate Debtor and for the continuation of such statutory rights, the Resolution Applicant has to approach the concerned statutory authorities under relevant laws.” As per chapter 7 (para no. 7.5) of the resolution plan is reproduced herein below: “It is assumed that all approvals, consents, licences, business permits etc. given to the CD, including without limitation the approvals provided to the CD by the relevant authorities of State Government/Central Government shall continue to remain valid and in force, post approval of this Resolution Plan and in case for any reason they have been withdrawn / cancelled before the effective date, such withdrawal I cancellation of approvals, consents, licences, business permits etc shall be treated as null and void and they will be treated as valid and shall continue to be in-force. Further if any such or further approval / sanctions / Certificate etc are required for commencing the production/manufacturing/business, the same shall be treated as having been granted by the relevant competent authority/relevant departments of State Government/Central Government and all levies/charges / penalty, if any will stand waived off on approval of the Resolution plan” The Hon’ble NCLT, vide its Order dated November 10, 2025, has waived all penalties up to August 01, 2022 and has categorically observed that no penalty can be levied for the period prior to commencement of CIRP and during the CIRP period of the Company. In view of the aforesaid order, the new management cannot do any filing prior to 2020 when the company was in control of old management. Also the new management cannot do any filing for the period 2020 till 2022 when the company was in control of Resolution Professional. A copy of the Hon’ble NCLT CIRP Order dated October 22, 2020 is annexed herewith and marked as Exhibit A. A copy of the Hon’ble NCLT Order for approval of Resolution plan dated August 1, 2022 is annexed herewith and marked as Exhibit B. Certified copy of Resolution Plan is annexed herewith and marked as Exhibit C. A copy of the Hon’ble NCLT Order dated November 10, 2025 is annexed herewith and marked as Exhibit D. The Company has not complied The Hon’ble NCLT, Ahmedabad Bench, vide its Order dated with the Regulations related to August 01, 2022, approved the Resolution Plan pursuant to Corporate Governance which the Company reduced its existing share capital from (Regulations 17 to 27). 9,12,95,775 equity shares to 6,82,185 equity shares. As per the provisions of Regulation 15(2) of SEBI (LODR) Regulations, 2015, the corporate governance provisions are not mandatory for listed entities having paid-up equity share capital not exceeding ₹10 Crore and net worth not exceeding ₹25 Crore. The Company presently falls within the above threshold limits; therefore, the provisions of Regulations 17 to 27 of SEBI (LODR) Regulations, 2015 are not applicable to the Company. Please note the company received temporary ISIN no. INE172H01022 from NSDL and CDSL. However company is yet to receive listing approval from BSE and NSE. Hence on both the exchanges the old paid up capital is still reflecting. Consolidated Financial Results The Company had informed both the Exchanges vide letter not submitted for the quarter dated November 4, 2023 regarding the proposed acquisition ended December 2025 (only of majority stake in Phytoatomy Private Limited. standalone results received). Further, vide update dated January 23, 2026, the Company clarified that the proposed acquisition is still under process and has not been completed, and accordingly, the Company has not acquired any control or shareholding in Phytoatomy Private Limited. Therefore, the requirement for submission of consolidated financial results under Regulation 33 of SEBI (LODR) Regulations, 2015 is not applicable to the Company at present. The Company has consistently disclosed in its quarterly financial results and in responses to queries raised by the Exchanges that consolidated financial results are not applicable in its case. All the filings w.e.f. August 01, 2022 are in place and reflected on the BSE Portal. As a successful Resolution Applicant, we cannot do any filing prior to August 01, 2022 as the Company was in control of Resolution Professional. Hence, we request you to withdraw the penalty levied by both the Exchanges. Thanking You, For RADHA MADHAV CORPORATION LIMITED Nitin Jain Director and CFO (DIN: 09833381) I ,f , 'o qoMPANY tN THE NATION,AL IAYV TRIBUNAL AHMEPAB.AD ptvtsroN <"f BENCH couBT - ITEM No.156 IA/78(AHM)2022 in CP(IB) 669 of 2019 Prqcqesinpq un$ef Segtion 30J61 & 31 IFC'20:!B IN THE MATTER OF: Rajeev Dhingra RP of Radha Madhav corporation Ltd ........Applicant Committee of Creditors & Ors ......,.Res pondents gfde,r, deliUS:red qn-,01t /081?0?? Cotarn: Madan B. Gosavi, Hon'ble Member(J) Kaushalendra Kumar $ingh, Hon'ble Member(I) PRESEIII.T: Applicant For the : For the ResPondent : ORPER The case is fixed for prohu* ouncement of the order. The order is pronounced in the oPen court, vide separate sheet. .SD. .SD- KAUSHALENDRA KUMAR SINGH MADAN B GOSAVI MEMBER (TECHNICAL) MEMBER {JUDICIAL} BEFORT THE ADJUDICATII'IG AUTHORITY 1IIATIO1TAL COMPAI{Y LAST TRIBUIIIAL AH1VIEDABAD BEI{CH AHMEDASAD couRT-1 IA I{o. 78 of 2022 CP lIBl I{o. 669 of 2O19 IA No. 78 of 2or22 application under Section 30(6] of the Insolvency and Bankruptcy Code, 20 161 R4ieev Dhingra Resolution Professional of Radha Madhav Corporation Limited (In CIRP) Having add.ress at: BG 5A/488, DDA Flats, Paschim Vihar, New Delhi - 110063 ....Applicant Versus 1. Committee of Creditors A-27O, 1*t & 2'd Floor, Defence Colony, NewDelhi- 11OA24 2. Mitesh Anilkumar Agarural Ex-Managing Director of Corporate Debtor H.No. Is l728l 15, Krtj, Radha Madhav Opposite Gem ?Laza, Dunetha Na:ri Daman - 396210 IA 78 of 2a22 in CP {IB) 669 of 2019 3" Abhishek Agarwal Ex-Joint Managing Director of corporate Debtor H.No. L3 /728/ Ls, Radha Madhav Kunj, Opposite Gem Plaza, Dunetha Nani Da:nan - 396210 4. Incoms Tax DePartment Income Tax Office, Vapi, 8th Floor, Fortune Square-Il, Above TBZ, Chala, Gujarat- 3961"91 .,..Respondents CP (IBl lilo. 669 of 2O19 application und,er section 9 of the Insolvency and Bankruptcy Cade, 20161 In thr? matter qfi Mr. Ilarish Vedkumar Arrand C-2O4, Kanti APts, Mount Mary Road, Bandra (West), Mr,rmbai - 4OOO5O Applicant / OPerational Creditor Versus M/s. Radha Madhav CorPoration Surwey No. 5019, Adaman Indus [Showing first 8,000 characters — download PDF for full document]