Narmada macplast drip irrigation Systems Ltd successfully conducted its 2nd Extra-Ordinary General Meeting on April 03, 2026, addressing several strategic initiatives for business expansion and operational restructuring. The meeting was held through video conferencing from 11:15 AM to 11:30 AM, with Managing Director Vrajlal Vaghasia chairing the proceedings.

Meeting Structure and Participation

The EGM was conducted in compliance with Section 108 of the Companies Act, 2013, providing electronic voting facilities to eligible shareholders. Company Secretary Ms. Vidhi Krupal Shah welcomed members and introduced key attendees including Managing Director Vrajlal Vaghasiya, Independent Director Bhavin Patel, and Practicing Company Secretary Dipika Soni as scrutinizer.

Key Agenda Items and Proposals

The meeting addressed five significant agenda items focused on business expansion and operational improvements. The primary proposal involved increasing the company's authorized capital from ₹10 Crore to ₹22 Crore, representing 11 Crore shares of ₹2 each, compared to the current 5 Crore shares.

Voting Results and Resolution Outcomes

The scrutinizer's report revealed unanimous approval of all five resolutions with 100.00% votes in favor. A total of 30 shareholders participated in the electronic voting process, casting 4,065,937 votes across all resolutions with zero dissenting votes recorded.

Business Diversification Strategy

The company proposed altering its main object clause to include processing, trading, and marketing of agricultural commodities including oilseeds, grains, pulses, and spices. This expansion represents a strategic move beyond the company's traditional drip irrigation systems business into the broader agricultural value chain.

Operational Changes

Two significant operational changes were approved during the meeting. The company received approval for shifting its registered office within Gujarat from Plot No. 119-120, Santej-Vadsar Road, Santej, to Office No. 10 & 11, Shree Ratna Complex, New Vadaj, Ahmedabad. Additionally, shareholders approved using funds from a proposed Rights Issue for strategic investments, loans, or guarantees in other corporate entities.

Meeting Conclusion and Next Steps

The management addressed pre-submitted questions from two shareholders during a dedicated question and answer session. Scrutinizer Dipika Soni verified all voting results and submitted the consolidated report within 48 hours to BSE Limited. The results have been posted on the company website at www.narmadadrip.com , ensuring transparency in the decision-making process.

Sachin Govindlal Modi has filed a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, following his latest acquisition of shares in Narmada Macplast Drip Irrigation Systems Ltd. The transaction resulted in a significant increase in his holding and voting rights in the irrigation systems company.

Latest Transaction Details

Modi executed the share acquisition through open market transactions on 27/03/2026. The disclosure reveals another substantial increase in his equity position in the company.

Updated Shareholding Pattern

The latest transaction resulted in a notable change in Modi's ownership structure in Narmada Macplast Drip Irrigation Systems Ltd. His shareholding increased from 2.52% to 5.05%, representing a doubling of his stake in the company.

Company and Regulatory Information

Narmada Macplast Drip Irrigation Systems Ltd maintains its listing on the Bombay Stock Exchange Ltd. The company's total equity share capital remained unchanged at 36,230,000 shares before and after the transaction.

Disclosure Compliance

Modi, who does not belong to the promoter or promoter group, has fulfilled his regulatory obligations by filing the mandatory disclosure with BSE on 27/03/2026. The disclosure was made in accordance with Section 29(2) of SEBI's Substantial Acquisition Regulations, with a copy also filed separately with the target company as required under the regulations. The transaction represents a strategic increase in Modi's equity position while maintaining compliance with all applicable securities regulations.