RM Drip & Sprinklers System Limited, a leading player in the irrigation systems sector, has reported robust financial results, showcasing significant growth and expansion.

Financial Highlights

The company's consolidated revenue surged to ₹13,119.10 crore, marking a substantial increase from ₹5,026.92 crore in the previous year. This impressive growth of over 160% underscores the company's strong market position and expanding operations.

Net profit attributable to owners saw a remarkable rise, reaching ₹2,400.48 crore, up from ₹541.03 crore in the previous fiscal year. This represents a year-on-year growth of about 344%, reflecting the company's improved operational efficiency and market performance.

Dividend Announcement

In light of the strong financial performance, the Board of Directors has recommended a dividend of ₹0.50 per equity share of ₹10 each. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).

Improved Earnings Per Share

The company's basic earnings per share (EPS) showed significant improvement, rising to ₹10.01 from ₹4.45 in the previous year. This increase in EPS reflects the company's enhanced profitability and value creation for shareholders.

Migration to Main Board

In a significant development, RM Drip & Sprinklers System Limited successfully migrated from the NSE EMERGE platform to the main boards of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), effective July 30, 2025. This move to the main board is expected to enhance the company's visibility and liquidity in the stock market.

New Appointments

The Board has made two key appointments to strengthen its corporate governance:

1. SHARPS & CO., Chartered Accountants, has been appointed as the internal auditor for the financial year 2025-26.
2. Nuren Lodaya & Associates, Practicing Company Secretaries, has been appointed as the secretarial auditor for a term of 5 years, subject to shareholder approval.

Financial Position

The consolidated balance sheet shows a healthy financial position:

The company's strong balance sheet, marked by significant increases in share capital and reserves, positions it well for future growth and expansion.

RM Drip & Sprinklers System Limited's impressive financial performance, coupled with its migration to the main board and strategic appointments, signals a promising outlook for the company in the irrigation systems market.

RM Drip & Sprinklers System Limited has issued a revised outcome of their Board Meeting held on August 22nd, 2025, to correct clerical errors in previously announced stock split details. The company has clarified and confirmed its plans for a 1:10 stock split, subject to shareholder approval.

Key Points of the Stock Split

• Split Ratio: 1:10
• Current Share Structure: 1 equity share with a face value of ₹10
• Proposed Share Structure: 10 equity shares with a face value of ₹1 each
• Approval Status: Subject to shareholder approval at the upcoming Annual General Meeting

Details of the Revision

The company submitted a revised outcome to the stock exchanges on August 23rd, 2025, addressing the clerical errors in the initial announcement. The correction specifically pertains to Point No. 1 of the original outcome, which contained typographical errors regarding the stock split details.

Rationale for the Stock Split

According to the LODR data, RM Drip & Sprinklers System Limited provided the following rationale for the stock split:

"The split of equity shares will make the shares more affordable and attractive to invest thereby encouraging greater participation of retail investors and will also enhance the liquidity of the Company's shares in the market."

Impact on Share Capital

The stock split, if approved, will affect the company's share capital structure as follows:

Timeline and Implementation

• Expected Completion Time: Within 1 month from the date of approval by the company's shareholders
• Record Date: To be decided after obtaining shareholders' approval at the upcoming Annual General Meeting

Additional Board Meeting Outcomes

The Board of Directors also approved several other items during the meeting, including:

1. Consequential alteration of the Capital Clause (Clause V) of the Memorandum of Association
2. Draft Directors' Report for the financial year ended March 31, 2025
3. Draft Notice for the 21st Annual General Meeting
4. Setting the date for the 21st Annual General Meeting on September 15, 2025
5. Fixing the Book Closure period from September 9 to September 15, 2025
6. Appointment of M/s. Nuren Lodaya & Associates as the Secretarial Auditor for five consecutive financial years (2025-26 to 2029-30)

Investors and shareholders of RM Drip & Sprinklers System Limited should take note of these developments and await further announcements regarding the shareholder approval process and the record date for the proposed stock split.