Narmada Macplast Drip Irrigation Systems Ltd reported a significant rise in revenue for the financial year ended March 31, 2026, driven by higher operational income. Revenue from operations increased to ₹1,330.70 lakh for FY26, a rise from ₹698.40 lakh in the previous year. Profit after tax for the year was recorded at ₹167.50 lakh, with basic earnings per share at 4.62.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Rajendra J. Shah & Co., issued an audit report with an unmodified opinion on the financial results.

Financial Performance

For the quarter ended March 31, 2026, the company reported a profit after tax of ₹44.91 lakh on revenue from operations of ₹373.69 lakh. Total expenses for the quarter were ₹313.11 lakh. In comparison, the year-ago quarter saw a profit after tax of ₹43.17 lakh on revenue of ₹247.39 lakh.

The following table outlines the key financial metrics for the year and quarter ended March 31, 2026:

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹1,905.34 lakh, up from ₹884.36 lakh in the previous year. Equity share capital increased to ₹724.60 lakh from ₹362.30 lakh. Trade receivables surged to ₹1,355.17 lakh from ₹290.13 lakh, while cash and cash equivalents decreased to ₹6.71 lakh from ₹40.08 lakh.

Total current liabilities rose to ₹965.26 lakh as of March 31, 2026, compared to ₹111.77 lakh a year earlier. Trade payables accounted for ₹791.31 lakh of the current liabilities. The company reported no borrowings under non-current liabilities, while current borrowings were recorded at ₹4.35 lakh.

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.