Latest news about Narmada Macplast Drip Irrigation
Narmada Macplast Drip Irrigation
21.08
+0.43(+2.08%)
Company Performance:
View Company Insights1D+2.08%
1M-7.34%
6M-9.61%
1Y+10.02%
5Y+3,598.25%
More news about Narmada Macplast Drip Irrigation
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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