Notice of 2nd Extra-Ordinary General Meeting of Narmada Macplast Drip Irrigation Systems Ltd which is scheduled on 03rd April,2026,Friday at 11:00A.M.(I.S.T.) through Video-Conferencing ....
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Awaiting price reaction for this filing.
Narmada Macplast Drip Irrigation Systems has called a 2nd EGM on 3rd April 2026 at 11:00 AM via video conferencing, with e-voting open from 31st March to 2nd April 2026 (cut-off date 27th March). The company is seeking shareholder approval to: (1) alter its main object clause to enter the agricultural commodities business covering oil seeds, pulses, food grains, and spices; (2) increase authorized share capital from Rs. 10 crore to Rs. 22 crore (5 crore to 11 crore shares of Rs. 2 each), paving the way for a proposed Rights Issue of up to Rs. 50 crore; (3) confirm Mr. Bhavin Patel (DIN: 06604431) as Non-Executive Independent Director for a 5-year term ending February 2031; (4) shift the registered office from Santej (Gandhinagar) to Ahmedabad within Gujarat; and (5) approve borrowing/investment limits of up to Rs. 250 crore under Section 186 of the Companies Act. The current paid-up capital stands at Rs. 7.24 crore.
The EGM signals a major pivot for this small-cap drip irrigation company into agri-commodity trading, funded by a planned Rs. 50 crore rights issue — which could be dilutive for existing shareholders. Investors should track the Rights Issue terms (price, ratio) closely and watch the April 3 results for any related-party concerns or subscription commitments from the promoter.