RM Drip and Sprinklers Systems Limited has successfully concluded its postal ballot process, announcing the results on April 3, 2026. The company secured shareholder approval for all four resolutions proposed in the postal ballot notice dated February 28, 2026, marking significant corporate governance milestones for the irrigation systems manufacturer.

Regulatory Filing and Compliance

The company filed the postal ballot results under Regulation 30 and 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with both NSE and BSE. The filing was signed by Atharva Nivrutti Kedar (DIN 09713023), Managing Director, confirming compliance with all applicable regulations including the Companies Act 2013 and relevant MCA circulars.

Resolution Results Summary

All four resolutions received overwhelming shareholder support, with approval rates exceeding 99% across ordinary and special resolutions. The voting demonstrated strong confidence in the company's strategic initiatives and leadership appointments.

Resolution 1: Authorized Share Capital Increase

The ordinary resolution for increasing the company's authorized share capital achieved 99.96% approval. A total of 112,997,813 votes were polled, representing 45.24% of outstanding shares, with 112,952,323 votes cast in favor.

Resolution 2: Bonus Equity Shares Issue

The approval for issuing bonus equity shares received 99.97% shareholder support. This ordinary resolution saw 112,958,323 favorable votes out of 112,997,813 total votes polled, with only 39,490 votes against the proposal.

Resolution 3: Managing Director Appointment

The special resolution for appointing Atharva Nivrutti Kedar (DIN 09713023) as Managing Director passed with 99.92% approval from public shareholders. Promoter group votes were excluded from this resolution due to related party considerations, with 60,343,082 votes in favor out of 60,393,218 votes polled from public shareholders.

Resolution 4: Independent Women Director Appointment

The appointment of Neha Karekar Pramod (DIN 07892245) as Non-Executive Independent Women Director received strong endorsement with 99.96% approval. The resolution garnered 112,950,955 favorable votes from a total of 112,996,515 votes polled.

Voting Process Details

The e-voting period commenced on March 5, 2026, at 9:00 AM and concluded on April 3, 2026, at 5:00 PM. The voting platform was provided by Bigshare Services Private Limited, ensuring secure and transparent remote voting capabilities for all eligible shareholders.

CS Nuren Nirmal Lodaya of Nuren Lodaya & Associates served as the appointed scrutinizer, with membership number 60128. The scrutinizer's report confirmed compliance with applicable regulations and noted that no invalid votes were recorded across any of the resolutions, demonstrating the effectiveness of the e-voting system.

Corporate Governance Significance

These approvals represent important steps in RM Drip's corporate development strategy. The authorized share capital increase and bonus issue approval provide the company with enhanced financial flexibility, while the leadership appointments strengthen the board's composition with experienced professionals in key executive and independent director roles.

RM Drip and Sprinklers Systems Limited has informed stock exchanges about the successful completion of its separate meeting of Independent Directors held on March 30, 2026. The meeting was conducted at the company's registered office in compliance with regulatory requirements under the Companies Act, 2013 and SEBI regulations.

Regulatory Compliance and Meeting Details

The separate meeting was held in accordance with Section 149(7) read with Schedule IV of the Companies Act, 2013 and Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 10 am IST and concluded at 11 am IST on March 30, 2026.

Key Agenda Items Discussed

The Independent Directors conducted a comprehensive review covering three critical areas of corporate governance. The meeting focused on evaluating various aspects of board effectiveness and organizational information systems.

The agenda items included:

• Review of the performance of Non-Independent Directors and the Board as a whole
• Review of the performance of the Chairperson, taking into account the views of Executive and Non-Executive Directors
• Assessment of the quality, quantity, and timeliness of the flow of information between the Company's management and the Board, necessary for the Board to effectively perform its duties

Corporate Communication

The company filed the outcome with both major stock exchanges where its shares are listed. RM Drip and Sprinklers Systems Limited trades on the National Stock Exchange of India Limited under the symbol RMDRIP and on BSE Limited with scrip code 544456.

Ms. Gracy Vijay Kale, Company Secretary and Compliance Officer, digitally signed the regulatory filing on March 30, 2026, at 11:05:40 IST, ensuring timely compliance with disclosure requirements. The company maintains its registered office contact through email rmdrip@gmail.com and website www.rmdrip.com , with contact number +91-77200 94737.