Board recommended Bonus Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.3 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Directors of Narmada Macplast Drip Irrigation Systems, held on 28th July 2025, approved two significant corporate actions. First, a Bonus Issue in the ratio of 1:1, meaning one bonus share for every one existing equity share held, resulting in the issuance of 36,23,000 bonus shares worth Rs. 3.62 crore, funded from free reserves of Rs. 4.10 crore as of 31st March 2025. Second, a Stock Split/sub-division where each equity share with a face value of Rs. 10 will be split into 5 equity shares with a face value of Rs. 2. The authorized share capital will be increased from Rs. 5 crore to Rs. 10 crore. Both actions require shareholder approval; the record date will be announced later, and the bonus shares are expected to be credited within 2 months of shareholder approval.
Combined effect: each existing share will become 10 shares (1+1 bonus then 5x split) of Rs. 2 face value, mathematically value-neutral but likely to boost liquidity, improve affordability, and attract more retail participation. Signals management confidence, pending shareholder approval and record date declaration.