Narmada Macplast Drip Irrigation has set October 3, 2025, as the record date for a significant corporate action involving a stock split and bonus share issuance, subject to shareholder approval.

Stock Split Details

The company plans to subdivide each existing equity share with a face value of Rs. 10.00 into five shares with a face value of Rs. 2.00 each. This 1:5 stock split aims to increase the liquidity of the company's shares in the market.

Bonus Share Issuance

Following the stock split, Narmada Macplast will issue bonus shares in a 1:1 ratio. Shareholders will receive one new fully paid-up bonus equity share of Rs. 1.00 for every existing share of Rs. 1.00 held after the subdivision.

Shareholder Approval and Record Date

Both the stock split and bonus issue proposals are subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 30, 2025. The record date of October 3, 2025, will determine shareholder eligibility for these corporate actions.

Management Statement

Vrajlal Vaghasia, Managing Director of Narmada Macplast Drip Irrigation System Limited, confirmed these developments in a regulatory filing to the BSE. The company's board of directors approved these actions through a circular resolution, demonstrating their commitment to enhancing shareholder value.

Impact on Shareholders

If approved, these corporate actions could potentially benefit shareholders by:

• Increasing the number of shares held
• Improving stock liquidity
• Making the stock more accessible to a broader range of investors

Shareholders are advised to keep an eye on the outcome of the AGM on September 30, 2025, which will determine the implementation of these proposed changes.

Narmada Macplast Drip Irrigation System Limited specializes in drip irrigation systems. The company's registered office is located in Gandhinagar, Gujarat, with a correspondence address in Ahmedabad.

Narmada Macplast Drip Irrigation Systems Ltd, a leading player in the irrigation systems sector, has reported strong financial results for the first quarter. The company's board meeting, held on August 13, approved the unaudited financial results and made key decisions regarding corporate governance.

Financial Highlights

The company's performance for Q1 showed significant improvement compared to the same period last year:

The company's revenue from operations stood at Rs. 310.16 lakhs for the quarter, compared to nil in the corresponding quarter of the previous year. This substantial increase in revenue indicates a strong recovery and growth in the company's core business activities.

Profit after tax saw a remarkable surge to Rs. 40.09 lakhs, up from Rs. 0.48 lakhs in the previous year's quarter, representing an impressive year-on-year growth of 8252.08%. This significant increase in profitability demonstrates the company's improved operational efficiency and market performance.

The earnings per share (EPS) stood at Rs. 1.11, a substantial increase from Rs. 0.01 in the same quarter of the previous year, reflecting a 11000% year-on-year growth.

Appointment of New Secretarial Auditor

In a move to strengthen its corporate governance practices, the Board of Directors, upon recommendation from the Audit Committee, approved the appointment of M/s. Bharat Prajapati & Co. as the company's Secretarial Auditor. The appointment is for a term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

M/s. Bharat Prajapati & Co. is a peer-reviewed firm of Company Secretaries with extensive experience in various aspects of corporate compliance and governance. The firm, led by Mr. Bharat Prajapati, a Fellow Member of the Institute of Company Secretaries of India, brings over 13 years of experience in secretarial audits, due diligence, and regulatory compliance.

Dividend Update

The company had previously declared and paid an interim dividend of Rs. 0.10 per equity share at a board meeting held on May 9.

Conclusion

Narmada Macplast Drip Irrigation Systems Ltd's strong Q1 results, coupled with the appointment of an experienced Secretarial Auditor, indicate the company's commitment to growth and good corporate governance. These developments position the company well for sustained performance in the coming quarters.