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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Narmada Macplast Drip Irrigation Systems Ltd has filed the Draft Letter of Offer for a proposed Rights Issue with BSE on March 2, 2026. The company plans to issue equity shares of face value Rs. 2 each, on a rights basis to existing shareholders, for an aggregate amount of up to Rs. 50 crores. The exact issue price, share premium, and rights entitlement ratio are yet to be finalised (left blank in the draft). The shares are currently listed on BSE (Code: 517431), with Cameo Corporate Services as the registrar to the issue and ICICI Bank as the banker. Brickwork Ratings India has been appointed as the monitoring agency for the issue proceeds.
Existing shareholders will be offered the right to subscribe to additional shares in proportion to their current holdings, though the exact ratio and price are not yet disclosed. If shareholders do not exercise their rights, their stake in the company will be diluted post-allotment. The use of proceeds and precise terms will become clear once the final Letter of Offer is filed.