Narmada Macplast Drip Irrigation Revises Record Date for Stock Split and Bonus Issue

1 min read     Updated on 26 Sept 2025, 10:09 PM
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Overview

Narmada Macplast Drip Irrigation System Limited has set October 10, 2025, as the new record date for its 1:5 stock split and 1:1 bonus share issue. The stock split will subdivide each Rs. 10 share into five Rs. 2 shares, followed by a bonus issue of one Rs. 1 share for each post-split share. These actions require shareholder approval at the AGM on September 30, 2025. The announcement complies with SEBI regulations and follows communication from BSE Limited.

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*this image is generated using AI for illustrative purposes only.

Narmada Macplast Drip Irrigation System Limited has announced a revision to the record date for its upcoming stock split and bonus share issue. The company's board of directors has set the new record date as Friday, October 10, 2025, for both corporate actions.

Stock Split Details

The company plans to implement a 1:5 stock split, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 30, 2025. Under this split:

  • Each existing equity share with a face value of Rs. 10.00 will be subdivided into 5 shares
  • The resulting shares will have a face value of Rs. 2.00 each

Bonus Share Issue

Following the stock split, Narmada Macplast Drip Irrigation System Limited intends to issue bonus shares in a 1:1 ratio. This means:

  • Shareholders will receive one new fully paid-up bonus equity share
  • For every one existing share held after the subdivision
  • The bonus shares will have a face value of Rs. 1.00 each

Key Dates and Approvals

Event Date
Record Date Friday, October 10, 2025
AGM Date Tuesday, September 30, 2025

Both the stock split and bonus issue are subject to shareholder approval at the AGM.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised record date comes after a communication received from BSE Limited, where the company's shares are listed under the script code 517431.

Investors and shareholders of Narmada Macplast Drip Irrigation System Limited should take note of these important dates and the upcoming corporate actions.

Historical Stock Returns for Narmada Macplast Drip Irrigation

1 Day5 Days1 Month6 Months1 Year5 Years
-0.49%-0.54%-0.79%+39.03%+447.23%+6,851.72%
Narmada Macplast Drip Irrigation
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Narmada Macplast Announces 1:5 Stock Split and 1:1 Bonus Share Issue

1 min read     Updated on 25 Sept 2025, 09:13 PM
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Reviewed by
Riya DeyScanX News Team
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Overview

Narmada Macplast Drip Irrigation has set October 3, 2025, as the record date for a 1:5 stock split and 1:1 bonus share issuance, pending shareholder approval at the AGM on September 30, 2025. The stock split will divide each Rs. 10 share into five Rs. 2 shares, followed by a bonus issue of one Rs. 1 share for every post-split share. These actions aim to increase stock liquidity and accessibility. Managing Director Vrajlal Vaghasia confirmed these plans in a BSE filing.

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*this image is generated using AI for illustrative purposes only.

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.

Historical Stock Returns for Narmada Macplast Drip Irrigation

1 Day5 Days1 Month6 Months1 Year5 Years
-0.49%-0.54%-0.79%+39.03%+447.23%+6,851.72%
Narmada Macplast Drip Irrigation
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