Board to Consider Bonus Issue
Price
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Awaiting price reaction for this filing.
Narmada Macplast Drip Irrigation Systems Ltd has informed BSE that its Board of Directors will meet on 28th July 2025 to consider a sub-division (stock split) of equity shares and a proposal to issue bonus shares to shareholders. The Board will also consider increasing the company's authorized share capital and amending the Memorandum of Association accordingly. The trading window for insiders has been closed from 23rd July 2025 until 48 hours after the Board meeting concludes. No specific ratios for the stock split or bonus issue have been disclosed in this intimation.
Stock splits and bonus issues generally improve share liquidity and make the stock more affordable to retail investors, but they do not change the underlying value. The actual ratio and approval details will emerge after the Board meeting on 28th July, which will be the key catalyst for the stock price.