Narmada macplast drip irrigation Systems Ltd. announced significant corporate developments following its board meeting held on February 27, 2026. The meeting, conducted at Office No. 10 & 11, Shree Ratna Complex, Near Krushnanagar Bus Stop, Akhbarnagar Road, New Vadaj, Ahmedabad, commenced at 4:00 PM and concluded at 6:00 PM.

Rights Issue Announcement

The board approved a substantial rights issue worth Rs. 50.00 crores, offering equity shares with a face value of Rs. 2.00 each to eligible shareholders. The issue will be extended to existing equity shareholders as on the record date, which will be determined by the board in due course.

The company has established a Rights Issue Committee comprising directors to oversee all matters related to the issue, including determination of fractional entitlements, regulatory applications, and finalization of terms and conditions.

Board Changes and Corporate Governance

Significant changes were made to the board composition during the meeting. The directors approved the appointment of Mr. Bhavin Patel as an Additional Non-Executive Independent Director, effective February 27, 2026. Mr. Patel brings over 12 years of experience in corporate governance and secretarial compliances as a member of the Institute of Company Secretaries of India.

Simultaneously, the board accepted the resignation of Mr. Girish Laxmanbhai Baldha from his position as Independent Director, with the resignation letter to be submitted within the prescribed time limit.

Business Expansion and Object Clause Modification

The company proposed significant expansion of its business activities through alteration of its object clause. The new additions will diversify Narmada Macplast's operations beyond drip irrigation systems into agricultural commodities trading.

The proposed new business activities include:

• Edible & Oil Seeds Trading: Dealing in mustard, soybean, groundnut, sesame, and sunflower seeds for supply to oil millers, solvent extractors, and food processors
• Food Grains & Pulses: Trading in wheat, gram (chana), and maize for both consumption and cultivation purposes
• Spices & Condiments: Handling cumin (jeera), coriander (dhaniya), and fenugreek (methi) for culinary use and sowing purposes

Capital Structure Enhancement

To support the expanded operations and rights issue, the board approved increasing the authorized share capital to Rs. 22.00 crores, divided into 11,00,000 equity shares of Rs. 2.00 each. This represents a significant enhancement of the company's capital base to accommodate future growth.

Operational Changes

The board also approved a proposal for shifting the registered office outside the local limits of the current city while remaining within Gujarat state. This move, along with all other major proposals, is subject to shareholder approval in the upcoming general meeting.

All resolutions requiring shareholder consent will be presented at the general meeting, including the rights issue, object clause alterations, authorized capital increase, and registered office relocation. The detailed terms and conditions of the rights issue will be specified in the Letter of Offer to be issued electronically to eligible shareholders.

Narmada macplast drip irrigation Systems Ltd has announced the appointment of Ms. Vidhi Krupal Shah as Company Secretary & Compliance Officer, following the recent resignation of the previous incumbent. The company informed the Bombay Stock Exchange about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Previous Personnel Change

Ms. Hemangi Akshaykumar Vasoya had resigned from her position as Company Secretary & Compliance Officer, effective February 09, 2026. The resignation was due to pre-occupancy in other assignments.

New Appointment Details

The Board of Directors, in its meeting held on February 13, 2026, approved the appointment of Ms. Vidhi Krupal Shah as the new Company Secretary and Compliance Officer. The appointment was made on the recommendation of the Nomination and Remuneration Committee, effective from February 13, 2026.

Professional Profile

Ms. Vidhi Krupal Shah is an Associate member of the Institute of Company Secretaries of India with Membership number A56388. She possesses requisite qualifications and skills in secretarial compliances, regulatory compliance, corporate governance, acquisitions and private equity, and day-to-day legal affairs.

Regulatory Compliance

The appointment was made pursuant to Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 203 of the Companies Act, 2013. The notification was signed by Jiten Vrajlal Vaghasia, Whole-Time Director (DIN: 02433557), confirming adherence to proper corporate governance procedures.

Ms. Shah has provided her formal consent to act as Company Secretary and Compliance Officer, completing all regulatory requirements for the appointment. The company has filed the necessary documentation with BSE Limited under scrip code 517431.