R M Drip and Sprinklers Systems Limited has announced significant corporate actions following its board meeting held on February 28, 2026. The irrigation systems company's board approved a bonus share issue and authorized share capital increase, both subject to shareholder approval through postal ballot and requisite statutory and regulatory approvals.

Bonus Share Issue Details

The board approved issuing bonus equity shares in a 5:7 ratio, meaning shareholders will receive 5 new fully paid-up equity shares of Rs.1/- each for every 7 existing fully paid-up equity shares held. The company has set April 07, 2026, as the record date for determining shareholder eligibility for the bonus issue.

Share Capital Structure Changes

The board also approved increasing the company's authorized share capital to accommodate the bonus issue. The authorized capital will increase from Rs.31,50,00,000/- divided into 31,50,00,000 equity shares to Rs.50,00,00,000/- divided into 50,00,00,000 equity shares of Rs.1/- each.

Financial Position and Timeline

The company will fund the bonus issue from its retained earnings, which stood at Rs.54,95,25,141/- as per audited financial statements for the year ended March 31, 2025. This provides adequate coverage for the required Rs.17,84,28,571/- for the bonus issue.

The bonus shares are expected to be credited to eligible shareholders within two months from the board approval date, meaning on or before April 27, 2026. However, the implementation remains subject to member approval through postal ballot and receipt of requisite statutory and regulatory approvals.

Regulatory Compliance and Exchange Filing

The board meeting, which commenced at 1 PM IST and concluded at 3 PM IST, was formally communicated to both NSE (Symbol: RMDRIP) and BSE (Scrip Code: 544456). The company has provided all required details under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The board also approved the postal ballot notice for seeking member consent for both the authorized share capital increase and bonus share issuance, ensuring full regulatory compliance for the proposed corporate actions. Managing Director Atarva Nivrutti Kedar (DIN 09713023) signed the official communication to the exchanges.

R M Drip & Sprinklers Systems Limited has released its comprehensive investor presentation for 9M FY26, providing stakeholders with detailed insights into the company's financial performance and strategic initiatives in India's micro irrigation sector. The presentation was submitted to both NSE and BSE under Regulation 30 compliance requirements.

Financial Performance Overview

The company has presented its financial snapshot for 9M FY26, including quarterly performance metrics and year-over-year comparisons. The presentation encompasses detailed income statements, balance sheet positions, cash flow statements, and key financial ratios. The financial data demonstrates the company's operational performance across multiple quarters within the current fiscal year.

Geographical Revenue Distribution

The company's revenue mix shows a strategic geographical spread across Indian markets:

This distribution reflects the company's strong presence in western and central Indian markets, with significant operations in southern regions as well.

Strategic Partnerships and Technology Initiatives

R M Drip has highlighted its focus on smart irrigation automation through technology partnerships. The company has established a significant tie-up with Godrej Agrovet Ltd, expanding its reach in the agricultural sector. These partnerships are positioned to enhance the company's capabilities in irrigation automation and strengthen its market position.

The presentation emphasizes the company's role in mapping the growth of micro irrigation in India and its contribution to the future of irrigation automation technology.

Business Expansion and Acquisitions

The company has provided updates on its acquisition of Brahmanand Pipes Pvt. Ltd., which forms part of its expansion strategy. The presentation includes details about the overall capacity snapshot following this acquisition, indicating the company's commitment to scaling operations and enhancing manufacturing capabilities.

Market Position and Growth Outlook

The investor presentation outlines the company's future growth outlook, supported by government policy initiatives and market opportunities in the micro irrigation sector. The company has detailed its service offerings, product portfolio, and manufacturing facilities, demonstrating its comprehensive approach to the irrigation solutions market.

R M Drip operates across multiple product categories and maintains manufacturing facilities that support its diverse product range. The company has received various awards and business recognitions, reflecting its industry standing and operational excellence.

The presentation also includes profiles of the company's directors and key personnel, providing transparency about the leadership team driving the organization's strategic initiatives. Managing Director Atharva Nivrutti Kedar signed the regulatory filing, confirming the submission of the comprehensive investor presentation.

Source: None/Company/INE219Y01018/c4b73520-322d-4a66-9e16-a31cdd22ea82.pdf