Small-cap firm Radhagobind Commercial Limited operates in the consumer discretionary goods and services (CDGS) sector and has a market valuation of 3.60 cr. The primary source of revenue for our firm is from the sale of fabrication materials, which is the primary business of the company.
Radhagobind Commercial said in a stock exchange filing that its board of directors has “1. Consideration and approval of increase in the authorized share capital of the Company from Rs. 1,45,00,000/- (Rupees One Crore Forty Five Lakh only) to Rs. 25,00,00,000/- (Rupees twenty five crore only). 2. Considered and approved the modification of Clause V of the Memorandum of Association of the Company so that the Authorized Share Capital of the Company is Rs. 25, 00, 00,000/- [Rupees Twenty-Five Crores Only] Divided into 2,50,00,000 (two crore fifty lakh) equity shares of Rs. 10/- (Rupees ten only) each.”
The Board of Directors of Radhagobind Commercial also informed the Stock Exchanges that “The Authorized Share Capital of the Company shall be Rs. 25,00,00,000/- (Rupees Twenty Five Crores only) in 2,50,00,000 (Two Crore Fifty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten only) each, divided into 25,00,00,000 (Twenty Five Crore) Equity Shares of face value Rs.1/- (Rupee One only) each. Issued, subscribed and paid-up of the Company -up Share Capital, consisting of 14,40,000 (Fourteen Lakh Forty Thousand) Equity Shares of Rs.10/- (Rupees Ten Only) each aggregating to Rs.1,44,00,000/- (Rupees One Crore Forty Four Lakh Only) , to be divided by the shareholders of the Company into 1,44,00,000 (One Crore Forty Four Lakhs) equity shares of face value of Rs. 1/- (only one Rupee ), in the aggregate Rs.1,44,00,000/- (Rupees One Crore Forty Four Lakh only).”
During Q3FY23, the company posted a net loss 0.05 crore as compared to 0.01 crore reported in the year-ago quarter. There was no revenue from operations announced by the company in the December 2022 quarter and the December 2021 quarter before that.
Shares of Radhagobind Commercial Limited closed on BSE on Friday 25.00 each level, down 2.34% from the previous close 25.60. The stock has gained 76.06% in last 1 year and on YTD basis, it has gained 8.70% in 2023 so far. The stock has touched a 52-week high. at 36.75 (28/11/2022) and at 52-week low 13.55 as on (07/03/2022), indicating that the stock is trading 31.97% down from 1 year high and 84.50% up from 1 year low at the current market price. During Q3FY23, the company reported 100% public shareholding.
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