Narmada Macplast Drip Irrigation Systems Ltd has issued a formal response to BSE Limited's surveillance department regarding queries about recent price movements in the company's shares. The communication, dated 17th April, 2026, addresses concerns raised by the exchange's surveillance team on 9th April, 2026.

Company's Regulatory Compliance Statement

The company has categorically stated that it has fulfilled all disclosure obligations under applicable regulations. Management emphasized that all events and price-sensitive information have been properly communicated to the exchange as required under Regulation 30 and other provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Management's Position on Price Movement

The company's leadership has attributed the share price fluctuations to prevailing market conditions, stating these movements are entirely market-driven. Management clarified that the company neither has control over such price movements nor possesses specific knowledge about the underlying reasons for the market behavior.

Governance and Disclosure Commitments

Narmada Macplast Drip Irrigation Systems has reaffirmed its commitment to regulatory compliance and corporate governance standards. The company stated:

• Conscious adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
• Regular discharge of disclosure obligations
• Commitment to maintaining highest standards of governance
• Continued compliance with all regulatory requirements

Corporate Communication Details

The response was formally signed by Whole Time Director Jiten Vrajlal Vaghasia (DIN: 02433557) and submitted to BSE's surveillance department. The communication serves as the company's official clarification regarding the exchange's inquiry about recent trading patterns in the stock.

The company operates from its registered office in Ahmedabad and maintains its commitment to transparent communication with stakeholders and regulatory authorities.

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.