Radhagobind Commercial Limited is an Indian listed entity currently navigating a critical **Business Revival** and **Corporate Insolvency Resolution Process (CIRP)**. Historically a commercial trading firm, the company is attempting a strategic pivot toward high-value agricultural derivatives and financial investments while simultaneously addressing severe legacy financial distress and regulatory hurdles. ### Current Insolvency Status & Governance The company is presently under the jurisdiction of the **Insolvency and Bankruptcy Code, 2016 (IBC)**. Following a default of **INR 1,02,60,000** (inclusive of **INR 12,60,000** in interest), the **NCLT Kolkata Bench** admitted a petition filed by **Fort Café Food Services Private Limited** on **October 30, 2025**. * **Resolution Leadership:** Operations and management are overseen by the **Resolution Professional (RP)**, **Mr. Najeeb T P** (appointed **January 27, 2026**). * **Suspension of Powers:** The powers of the Board of Directors remain suspended. The company currently lacks a **Managing Director**, **Whole-time Director**, or **CFO**. * **Process Stage:** The company is in the midst of the **6th Meeting of the Committee of Creditors (CoC)** as of **March 30, 2026**, focusing on the evaluation and revision of **Resolution Plans**. * **Legal Moratorium:** A moratorium under **Section 14 of the IBC** is active, prohibiting asset disposal and the initiation of new legal suits against the company. ### Strategic Pivot: The "RCL Ventures" Transformation Prior to the insolvency proceedings, the company initiated a comprehensive rebranding and diversification strategy to move away from general trading. * **Corporate Rebranding:** Proposed name change to **RCL Ventures Limited**. * **Geographic Shift:** Relocation of the **Registered Office** from **Kolkata, West Bengal**, to **Ernakulam, Kerala**, to align with Southern India’s spice and rubber hubs. * **New Business Verticals:** * **Spices & Oleoresins:** Production and trading of spices, derivatives, and synthetic substitutes. * **Rubber Industry:** Manufacturing and trading of natural, reclaimed, and synthetic rubber. * **Strategic Investments:** Mandate to enter **Private Equity**, **Pre-IPO placements**, **Angel Funding**, and the acquisition of distressed assets via **IBC resolutions** or **auctions**. ### Capital Structure & Market Status Despite operational halts, the company has maintained its listing status and sought to expand its capital base to facilitate future infusions. | Metric | Details | | :--- | :--- | | **Listing Status** | Listed on **BSE (Bombay Stock Exchange)** and **CSE (Calcutta Stock Exchange)** | | **Paid-up Share Capital** | **Rs. 1,44,00,000** (1,44,00,000 shares of **Rs. 1/-** each) | | **Authorized Capital Target** | Proposed increase from **Rs. 1.45 Crore** to **Rs. 25 Crore** | | **Dematerialization** | **100%** of equity capital is in dematerialized form | | **Regulatory Milestone** | Successful **revocation of suspension** of trading on the BSE | ### Financial Performance & Asset Quality The company’s financial health is characterized by "material uncertainty" regarding its status as a **Going Concern**. For the **2024-2025** period, the company reported **no revenue from operations**, with income limited to interest. * **Accumulated Losses:** Total losses stand at approximately **INR 6.27 Crores**, significantly exceeding the company’s paid-up capital. * **Asset Impairment:** Management has executed massive write-offs of legacy assets deemed unrecoverable: * **Equity Investments:** **Rs. 2.48 Crore** written off as "junk shares." * **Loans & Advances:** **Rs. 98.72 Lakhs** written off. * **Liquidity Position:** Management reports that funds for day-to-day operations are exhausted. * **Asset Profile:** The company holds **no intangible assets**, **no immovable properties**, and no leased assets. Financial assets are measured at **Amortised Cost** under **Ind AS 109**. ### Critical Risks & Litigation The path to revival is obstructed by substantial legacy liabilities and regulatory rejections. * **Significant Tax Liability:** The Income Tax Department has raised a demand of **Rs. 3,31,57,290** (plus **Rs. 15,78,847** in interest) for **Assessment Year 2017-18**. * **Litigation Status:** Following a dismissal by the **Calcutta High Court** in September 2023, a fresh appeal is pending before the **Income Tax Appellate Tribunal (ITAT)**. * **Deferred Fundraising:** A proposed **Rights Issue** and other capital-raising efforts were deferred and became unviable due to the magnitude of the tax demand and the onset of insolvency. * **Regulatory Non-Compliance:** The **Registrar of Companies (ROC)** rejected previous attempts to regularize the Board (Form DIR-12), leading to ongoing executive leadership vacancies. ### Comparative Strategic Summary | Feature | Legacy/Current Status | Proposed Future (Post-Resolution) | | :--- | :--- | :--- | | **Operational Status** | **Insolvent / CIRP Active** | **Active Manufacturing & Trading** | | **Primary Sector** | General Commercial Trading | **Spices, Rubber, & PE Investments** | | **Headquarters** | **Kolkata, West Bengal** | **Ernakulam, Kerala** | | **Management** | **Resolution Professional** | **Restructured Board of Directors** | | **Financial Health** | **Negative Net Worth** | **Capitalized via Resolution Plan** |