R M Drip & Sprinklers Systems Ltd has confirmed September 23, 2026 as the record date for determining eligibility to attend its annual general meeting and receive the final dividend. The company’s board has recommended a final dividend of ₹0.05 per equity share of face value ₹1 each for the financial year ended March 31, 2026.

The recommendation is subject to approval by shareholders at the 22nd AGM scheduled for September 30, 2026. If approved, the dividend will be paid electronically within 30 days of the meeting date, after deduction of tax at source as applicable. Eligible members are those whose names appear in the beneficial owner list furnished by NSDL and CDSL as on the record date.

Dividend and Record Date Details

The register of members will remain closed from September 24, 2026, to September 30, 2026, inclusive. Shareholders holding shares as of the record date will be eligible to receive the dividend. Members are advised to update their KYC and bank details with depositories or the registrar and transfer agent to avoid delays in payment.

Meeting and Voting Information

The AGM will be conducted through video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. The notice of the AGM was sent to members whose names appeared in the register as of August 28, 2026.

Nuren Lodaya & Associates has been appointed as the scrutinizer for the e-voting process. Remote e-voting will be available from September 26, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. Shareholders who have already voted remotely will not be eligible to vote during the meeting but may attend.

Key Dates

Board Agenda

In addition to adopting the audited financial statements for FY26 and declaring the dividend, the meeting will consider the re-appointment of Mr. Atharva Nivrutti Kedar as Managing Director. He retires by rotation and offers himself for re-appointment. Mr. Kedar holds a B.Tech in Civil Engineering and receives a monthly remuneration of ₹4,00,000.

RM Drip & Sprinklers Systems reported a standalone net profit of ₹53 million for the first quarter, matching the figure from the corresponding period in the previous fiscal year. The company’s revenue rose 32% year-on-year to ₹403 million, up from ₹305 million in Q1FY25.

The divergence between revenue growth and flat profitability suggests margin pressure during the quarter.

What the Numbers Show

Revenue expanded significantly while net profit remained static. This indicates that operating margins likely contracted as costs rose faster than sales, or that non-operating income declined, offsetting the operational gains from higher revenue.