Annual Report for FY 24-25
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Narmada Macplast Drip Irrigation Systems has called its 33rd AGM on September 30, 2025 at 12:30 PM via video conferencing, with remote e-voting open from September 27 to September 29, 2025. Shareholders will consider adopting FY24-25 audited financial results, re-appointing director Mrs. Daxaben Jitenkumar Vaghasia (retiring by rotation), and appointing M/s. Rajendra J. Shah & Co. as statutory auditors and M/s. Bharat Prajapati & Co. as secretarial auditors, both for five-year terms. The key resolutions include a stock split (1 share of Rs. 10 face value into 5 shares of Rs. 2 each), an increase in authorised share capital from Rs. 5 crore to Rs. 10 crore, and a bonus issue in the ratio of 1:1 (one bonus share for every one existing share held). The company has also proposed adopting new sets of Memorandum and Articles of Association aligned with the Companies Act, 2013.
If approved, the 1:5 stock split will improve share liquidity and make the stock more affordable for retail investors, while the 1:1 bonus issue will effectively double the number of shares held by shareholders without any cash outlay. Together, these corporate actions could lift trading volumes and broaden the shareholder base, though short-term price adjustment is expected on the ex-split/ex-bonus dates.