RM Drip And Sprinklers Systems Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended 31st March 2026. The irrigation systems company submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both NSE and BSE on 8th April 2026.

Compliance Status

The certificate, issued by the company's registrar Bigshare Services Pvt. Ltd., confirms that Regulation 74(5) is not applicable to RM Drip And Sprinklers Systems Limited. This status arises from the fact that the entire shareholding of the company remains in dematerialized (demat) form.

Key Highlights

The compliance certificate reveals several important aspects of the company's shareholding structure:

• Complete Digitalization: All company shares are held in electronic form through depositories
• Zero Rematerialisation: No shareholders requested conversion from demat to physical certificates during Q4FY26
• Regulatory Compliance: Timely submission maintains good standing with SEBI requirements

Corporate Details

RM Drip And Sprinklers Systems Limited, engaged in irrigation and sprinkler systems, trades on both major Indian exchanges. The company is listed on NSE under the symbol RMDRIP and on BSE with scrip code 544456. The certificate was signed by Managing Director Atharva Nivrutti Kedar (DIN 09713023) and authenticated by Bigshare Services Pvt. Ltd.'s authorized signatory Akash Shamal.

Regulatory Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 requires companies to file quarterly certificates regarding dematerialization status. The regulation aims to monitor the transition from physical to electronic securities and ensure proper record-keeping by listed entities.

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.