33rd Annual General Meeting Voting Result alongwith the scrutinizer''s report
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Narmada Macplast Drip Irrigation Systems Limited held its 33rd AGM on 30th September 2025 via video conferencing, where all 9 resolutions were passed with overwhelming shareholder support. Key resolutions included approval of audited financial statements for FY ended 31st March 2025 and re-appointment of Mrs. Daxaben Jitenkumar Vaghasia as director. Shareholders approved the appointment of M/s. Rajendra J. Shah & Co. as statutory auditors (for the 33rd to 38th AGM) and M/s. Bharat Prajapati & Co. as secretarial auditors. Notably, two capital structure changes were cleared: a stock split from 1 share of Rs. 10 face value into 5 shares of Rs. 2 each, and a 1:1 bonus share issue. The company also got approval to increase its authorised share capital and adopt new sets of Memorandum and Articles of Association. All resolutions received 100% votes in favour (2,77,650 shares from 26 members), with zero invalid votes.
Retail investors should note the stock split (Rs. 10 to Rs. 2 face value) and 1:1 bonus issue will increase the number of shares held and improve liquidity, though the underlying value remains unchanged. The unanimous approval reflects strong shareholder confidence and signals positive corporate housekeeping, likely to be well-received by the market.