RM Drip And Sprinklers Systems Limited has announced a revision to the record date for its upcoming bonus equity shares issue, informing both the National Stock Exchange of India Limited and BSE Limited of the updated timeline.

Revised Record Date Details

The company has set the revised record date for determining shareholder entitlement to receive bonus equity shares as April 10, 2026. This revision follows an earlier intimation dated February 28, 2026, indicating adjustments to the original timeline.

Regulatory Compliance

The intimation has been made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD/2024/122 dated September 16, 2024. The company has ensured compliance with all regulatory requirements for the bonus issue process.

Allotment Timeline

The deemed date of allotment for the bonus equity shares has been scheduled for April 13, 2026, which represents the next working day following the record date. This timeline follows standard market practices for bonus share allotment procedures.

Company Information

RM Drip And Sprinklers Systems Limited operates under CIN L27200MH2004PLC150101 and is listed on both NSE (Symbol: RMDRIP) and BSE (Scrip Code: 544456). The communication was signed by Atharva Nivrutti Kedar, Managing Director (DIN 09713023), and dated March 12, 2026.

RM Drip and Sprinklers Systems Limited has announced a strategic technology partnership marking its entry into IoT-based smart irrigation and digital agriculture automation starting March 2026. The leading micro-irrigation systems manufacturer disclosed this development under Regulation 30 of SEBI regulations on February 16, 2026, positioning the initiative as a key milestone in the company's transition toward technology-led growth and recurring revenue generation.

Market Opportunity and Growth Projections

The strategic move targets significant market opportunities in both domestic and global irrigation automation sectors. The company has identified substantial growth potential across multiple market segments.

Strategic Business Transformation

The initiative represents a fundamental shift in RM Drip's business model, expanding from traditional hardware-focused operations to integrated technology solutions. The company plans to develop new revenue streams encompassing hardware, mobile applications, analytics, and subscription services. This diversification strategy aims to enhance long-term revenue visibility, improve margin profiles, and increase business scalability.

The company expects this segment to contribute approximately 5% of revenue in FY27, with projected growth of 30% in this segment from FY27 onwards. The rollout will utilize RM Drip's existing infrastructure of 1,000+ dealer and retail touchpoints for nationwide distribution, supported by favorable government initiatives and subsidies driving faster farmer adoption.

Policy Alignment and Government Support

The smart irrigation automation entry aligns with India's irrigation modernization roadmap, which has evolved through distinct phases focusing on different technological priorities.

The partnership strategically aligns with national priorities including water conservation, renewable energy adoption, improving farmer income, and digital agriculture transformation. Government support for irrigation modernization has shifted focus from basic micro-irrigation adoption to precision and smart irrigation systems, positioning automation as a long-term structural growth trend.

Management Perspective and Company Background

Managing Director Atharva Nivrutti Kedar emphasized the company's commitment to strengthening capabilities through innovation and technology adoption. He highlighted that the smart irrigation automation entry reflects a proactive approach to industry trends and delivering future-ready agricultural solutions, aimed at enhancing customer value and supporting sustainable long-term growth.

RM Drip operates three fully automated manufacturing plants with combined capacity of approximately 22,000 metric tonnes per annum, strategically located in Nashik, Maharashtra. The company maintains a strong pan-India presence across 10+ states, supported by 1,000+ dealer and retail touchpoints and six company-owned outlets, with market leadership in Maharashtra, Karnataka, and Madhya Pradesh.

Financial Performance Overview

The company's recent financial performance demonstrates strong operational metrics across key parameters. In FY25, RM Drip reported comprehensive financial results reflecting its market position in India's micro-irrigation sector.