Annual Report for FY 2024-25
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Awaiting price reaction for this filing.
Narmada Macplast Drip Irrigation Systems Ltd has submitted the notice for its 33rd AGM along with the Annual Report for FY 2024-25 to BSE. The AGM is scheduled for September 30, 2025, at 12:30 PM via video conferencing, with remote e-voting open from September 27 to September 29, 2025. Key resolutions on the agenda include a sub-division (stock split) of 1 equity share of Rs. 10 face value into 5 equity shares of Rs. 2 each, increasing authorised share capital from Rs. 5 crore to Rs. 10 crore, and issuing bonus shares in the ratio of 1:1. The agenda also covers re-appointment of director Mrs. Daxaben Jitenkumar Vaghasia (retiring by rotation), appointment of M/s. Rajendra J. Shah & Co. as statutory auditors for five years, and appointment of M/s. Bharat Prajapati & Co. as secretarial auditors.
If approved, the combined stock split and 1:1 bonus issue will multiply the share count fivefold and double it again, which should improve liquidity and lower the per-share price for retail buyers — though the total value held stays the same. Shareholders of record on the cut-off date will automatically receive the bonus shares.