Narmada Macplast Drip Irrigation Systems Ltd has withdrawn its proposed rights issue of equity shares, confirming that the capital raise will not proceed. The decision was taken during a board meeting held on September 17, 2026.

The company’s board of directors reviewed and approved the withdrawal of the proposal, which had initially received board approval on February 27, 2026. The meeting commenced at 4:00 pm and concluded at 4:30 pm.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited of the outcome, stating that the proposed rights issue stands withdrawn and shall not be proceeded with further.

Vrajlal Vaghasia, Managing Director, signed the communication on behalf of the company.

Narmada Macplast Drip Irrigation Systems Ltd accepted the resignation of Vidhi Krupa Shah as Company Secretary and Compliance Officer effective September 2, 2026. The departure follows her decision to pursue alternate career opportunities outside the organisation.

The Board of Directors formally noted and accepted the resignation during its meeting held on September 3, 2026. Ms. Shah ceased to hold the position of Key Managerial Personnel consequent to her resignation. She cited pre-occupancy in other assignments as the reason for leaving, with no other factors disclosed.

Regulatory Disclosure

The company issued the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with the Bombay Stock Exchange on September 7, 2026. Jiten Vrajlal Vaghasia, Whole-Time Director, signed the filing.

Succession Plan

The Nomination and Remuneration Committee will identify a successor for the role of Company Secretary and Compliance Officer. The committee will recommend a candidate to the Board for appointment in due course.

Ms. Shah’s membership number with the Institute of Company Secretaries of India is A56388. Her resignation letter requested the Board to file necessary forms with the Registrar of Companies and stock exchanges to give effect to the change.