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.

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.

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.

RM Drip & Sprinklers Systems Limited has announced strong financial results for the third quarter, demonstrating significant growth in both profitability and revenue metrics. The irrigation solutions company showcased robust operational performance with substantial year-over-year improvements across key financial indicators.

Financial Performance Highlights

The company's financial metrics for the third quarter reflect strong business momentum and operational efficiency. Both revenue and profitability showed impressive growth compared to the corresponding period in the previous year.

Revenue Growth Analysis

The company reported revenue of ₹746 million for the third quarter, marking a significant increase from ₹480 million recorded in the same quarter of the previous year. This represents a substantial year-over-year growth of 55.42%, indicating strong demand for the company's irrigation and sprinkler systems solutions.

Profitability Performance

Net profit for the quarter reached ₹141 million, compared to ₹102 million in the corresponding quarter of the previous year. This improvement of ₹39 million represents a year-over-year growth of 38.24%, demonstrating the company's ability to effectively convert revenue growth into bottom-line profitability.

The strong financial performance reflects RM Drip & Sprinklers Systems' solid position in the irrigation solutions market, with both revenue expansion and profit margin optimization contributing to the overall positive results for the third quarter.