Kunal Haresh Mehta Reduces Stake in R M Drip and Sprinklers Systems Limited to 18.20%

1 min read Updated on 04 Feb 2026, 10:35 AM

Reviewed by

Radhika SScanX News Team

Overview

Kunal Haresh Mehta and PAC Smita Mehta have reduced their combined stake in R M Drip and Sprinklers Systems Limited from 20.75% to 18.20% through open market sales of 63,85,657 shares between December 2025 and February 2026. Mehta individually sold 49,85,657 shares (2.00% reduction) while Smita Mehta disposed of 14,00,000 shares (0.56% reduction). The disclosure was filed under SEBI Regulation 29(2) for the company listed on NSE and BSE with total equity capital of Rs. 24,98,00,000.

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

Kunal Haresh Mehta has filed a substantial acquisition disclosure under SEBI Regulation 29(2) regarding his reduced shareholding in R M Drip and Sprinklers Systems Limited. The disclosure reveals a significant divestment by Mehta and his Person Acting in Concert (PAC) Smita Mehta through open market transactions conducted between December 24, 2025, and February 2, 2026.

Transaction Details

The share sale transaction involved both Kunal Haresh Mehta and Smita Mehta reducing their positions in the irrigation systems company. Mehta sold 49,85,657 shares, representing a 2.00% reduction in his stake, while Smita Mehta disposed of 14,00,000 shares, equivalent to a 0.56% decrease in her holding.

Shareholder	Shares Sold	Percentage Reduction
Kunal Haresh Mehta	49,85,657	2.00%
Smita Mehta	14,00,000	0.56%
Total	63,85,657	2.56%

Shareholding Pattern Changes

The transaction resulted in a notable shift in the shareholding pattern of both investors. Prior to the sale, Kunal Haresh Mehta held 3,78,00,000 shares (15.13%), while Smita Mehta owned 1,40,40,000 shares (5.62%), bringing their combined holding to 5,18,40,000 shares or 20.75% of the company's total share capital.

Position	Before Transaction	After Transaction
Kunal Haresh Mehta	3,78,00,000 shares (15.13%)	3,28,14,343 shares (13.14%)
Smita Mehta	1,40,40,000 shares (5.62%)	1,26,40,000 shares (5.06%)
Combined Holding	5,18,40,000 shares (20.75%)	4,54,54,343 shares (18.20%)

Regulatory Compliance

The disclosure was filed in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically under Regulation 29(2). The document was digitally signed by Kunal Haresh Mehta on February 3, 2026, from Mumbai, ensuring compliance with regulatory requirements for substantial shareholding changes. The transaction involved no encumbrances, voting rights other than equity shares, or convertible securities.

RM Drip and Sprinklers Systems Limited Independent Director Kavita Ashish Pandare Resigns Due to Personal Considerations

1 min read Updated on 30 Jan 2026, 01:21 PM

Reviewed by

Suketu GScanX News Team

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Overview

RM Drip and Sprinklers Systems Limited disclosed the resignation of Independent Director Mrs. Kavita Ashish Pandare, effective January 29, 2026, due to personal considerations. The company made the disclosure on January 30, 2026, under SEBI Regulation 30 requirements to NSE and BSE. The director confirmed no other material reasons exist beyond those stated and also holds directorship in Transglobe Foods Limited.

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

RM Drip and Sprinklers Systems Limited has announced the resignation of Independent Director Mrs. Kavita Ashish Pandare, effective from the close of business hours on January 29, 2026. The disclosure was made on January 30, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company submitted comprehensive information regarding the directorial change to both the National Stock Exchange of India Limited (NSE Symbol: RMDRIP) and BSE Limited (Scrip Code: 544456). The disclosure follows the requirements under Schedule III, Part A, Paragraph 7(B) of the SEBI regulations.

Particulars	Details
Director Name	Mrs. Kavita Ashish Pandare
DIN	09109027
Position	Independent Director
Resignation Date	January 29, 2026
Reason	Personal considerations

Regulatory Compliance Information

As part of the mandatory disclosure requirements, RM Drip and Sprinklers Systems Limited provided specific details about the resignation circumstances. The director tendered her resignation due to personal considerations, and the company has received the detailed resignation letter as required by regulations.

Compliance Aspect	Status
Other Directorships	Transglobe Foods Limited
Material Reasons Confirmation	No other material reasons beyond stated
Resignation Letter	Received and enclosed with disclosure

Director's Statement

In her resignation letter dated January 29, 2026, Mrs. Pandare expressed gratitude to the Board of Directors for the trust, support, and cooperation extended during her tenure. She specifically confirmed that there are no other material reasons for her resignation beyond the personal considerations mentioned.

Company Response

The disclosure was signed by Managing Director Nivrutti Pandurang Kedar (DIN 06980548) on behalf of RM Drip and Sprinklers Systems Limited. The company has committed to taking necessary steps to file requisite forms and make appropriate disclosures with the Registrar of Companies and stock exchanges as applicable.

This resignation represents a change in the company's board composition, with the Independent Director position becoming vacant effective January 29, 2026. The company maintains its commitment to regulatory compliance through timely disclosure of material corporate developments.