Latest news about Narmada Macplast Drip Irrigation
Narmada Macplast Drip Irrigation
23.88
+0.87(+3.78%)
Company Performance:
View Company Insights1D+3.78%
1M-0.42%
6M+37.95%
1Y+17.75%
5Y+4,164.29%
More news about Narmada Macplast Drip Irrigation
03Sept 26
Narmada Macplast FY26 Results: Revenue up 90%, net profit drops 69%
Revenue from operations surged 90.5% YoY to ₹1,330.70 lakh in FY26. Net profit fell 69% to ₹167.50 lakh due to absence of ₹537.85 lakh gain on asset sale in prior year. Trade receivables spiked to ₹1,355.17 lakh, up from ₹290.13 lakh, signaling collection pressure. Company executed 1:1 bonus issue and split share face value from ₹10 to ₹2. AGM scheduled for September 30, 2026, to reappoint key directors.
18Aug 26
Narmada Macplast Q1 Results: Net profit up 12% YoY to ₹45 lakh
Narmada Macplast Drip Irrigation Systems Ltd delivered solid Q1FY26 results with net profit up 12% YoY to ₹45.08 lakh and revenue growing 19% to ₹368.73 lakh. EPS stood at ₹1.24. Expenses rose faster than revenue, impacting margin expansion.
31May 26
Narmada Macplast FY26 revenue rises 90.5% to ₹1,330.70 lakh
Narmada Macplast Drip Irrigation Systems Ltd reported a 90.5% rise in revenue to ₹1,330.70 lakh for FY26, with a PAT of ₹167.50 lakh. The Board approved the audited results on May 30, 2026, receiving an unmodified opinion from statutory auditors M/s. Rajendra J. Shah & Co.
17Apr 26
Narmada Macplast Drip Irrigation Systems Responds to BSE Clarification on Share Price Movement
Narmada Macplast Drip Irrigation Systems Ltd responded to BSE surveillance department's query about share price movements on 17th April, 2026. The company clarified full compliance with SEBI disclosure regulations, stating no price-sensitive information was withheld. Management attributed price movements to market conditions beyond company control and reaffirmed commitment to governance standards.
04Apr 26
Narmada Macplast EGM Results: All Five Resolutions Unanimously Approved
Narmada Macplast Drip Irrigation Systems successfully concluded its Extra-Ordinary General Meeting with unanimous shareholder approval across all strategic initiatives. The company secured 100% voting support for increasing authorized capital to ₹22 Crore, expanding into agricultural commodities trading, confirming director appointments, and relocating its registered office, demonstrating strong stakeholder confidence in the management's growth strategy.
28Mar 26
Sachin Modi increases stake in Narmada Macplast to 5.05% through open market deal
Sachin Govindlal Modi has significantly increased his stake in Narmada Macplast Drip Irrigation Systems Ltd through an open market acquisition of 913,831 shares on 27/03/2026. This transaction doubled his shareholding from 2.52% to 5.05%, representing his continued investment in the BSE-listed irrigation systems company. Modi has complied with SEBI regulations by filing the mandatory disclosure under the Substantial Acquisition of Shares and Takeovers Regulations, 2011.
23Mar 26
Sachin Modi Reduces Stake in Narmada Macplast Drip Irrigation Systems
Sachin Govindlal Modi has reduced his stake in Narmada Macplast Drip Irrigation Systems Ltd by disposing of 675,000 shares through open market sale. His shareholding decreased from 6.45% to 4.59%, with the transaction completed on 23/03/2026 and disclosed to BSE in compliance with SEBI regulations.
27Feb 26
Narmada Macplast Board Approves Rs. 50 Crore Rights Issue and Business Expansion
Narmada Macplast Drip Irrigation Systems Ltd. held a board meeting on February 27, 2026, approving several major corporate decisions including a Rs. 50.00 crore rights issue with Rs. 2.00 face value shares for existing shareholders. The board appointed Mr. Bhavin Patel as Additional Non-Executive Independent Director while accepting the resignation of Mr. Girish Laxmanbhai Baldha. The company proposed expanding its business beyond drip irrigation into agricultural commodities trading, including edible oils, food grains, and spices, requiring object clause modifications and authorized capital increase to Rs. 22.00 crores.
13Feb 26
Narmada Macplast Appoints Ms. Vidhi Krupal Shah as Company Secretary
Narmada Macplast Drip Irrigation Systems Ltd has appointed Ms. Vidhi Krupal Shah as Company Secretary & Compliance Officer effective February 13, 2026, following the resignation of Ms. Hemangi Akshaykumar Vasoya. The appointment was approved by the Board of Directors and complies with SEBI regulations and Companies Act requirements.
23Jan 26
Narmada Macplast Drip Irrigation Systems Approves 51% Acquisition of GSK Industries for ₹364.64 Crores
Narmada Macplast Drip Irrigation Systems Limited's board approved acquiring 51% stake in GSK Industries Private Limited for ₹364.64 crores on January 23, 2026. The acquisition involves 9,34,978 equity shares at ₹390 per share through cash consideration. GSK Industries manufactures HDPE pipes, drip irrigation systems, and valves, creating synergy with Narmada Macplast's core business. The horizontal integration aims to streamline supply chains and expand market presence, with completion expected within 10-12 months.
20Jan 26
Sachin Govindlal Modi Increases Shareholding in Narmada Macplast Drip Irrigation Systems to 8.32%
Sachin Govindlal Modi acquired 200,000 shares in Narmada Macplast Drip Irrigation Systems Ltd through open market purchase on January 20, 2026, increasing his shareholding from 7.76% to 8.32%. The transaction was disclosed under SEBI Takeover Regulations, with Modi confirming he is not part of the promoter group. The company maintains a total equity share capital of 36,230,000 shares listed on BSE.
10Dec 25
Sachin Govindlal Modi Increases Shareholding in Narmada Macplast Drip Irrigation to 7.62%
Sachin Govindlal Modi, a promoter of Narmada Macplast Drip Irrigation Systems Ltd, acquired 27,713 shares through open market purchase on December 10, 2025, increasing his shareholding from 7.55% to 7.62%. The transaction was disclosed under SEBI regulations, with the company's total share capital remaining at 36,230,000 shares.
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