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Narmada Macplast Drip Irrigation Systems has called its 33rd AGM for Tuesday, September 30, 2025 at 12:30 PM via video conferencing. Routine items include adopting FY25 audited financials, re-appointing director Mrs. Daxaben 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 5-year terms (through the 38th AGM). The headline items are a stock split (1 equity share of Rs. 10 face value into 5 shares of Rs. 2 each), a 1:1 bonus share issue, and a doubling of authorised share capital from Rs. 5 crore to Rs. 10 crore. The company also seeks approval to adopt new sets of Articles and Memorandum of Association. Remote e-voting runs from September 27–29, 2025, with the cut-off date set at September 23, 2025.
If shareholders approve, the share count will effectively increase 10x (5x from the split and another 2x from the 1:1 bonus), reducing per-share price to roughly one-tenth. Total market value stays the same, but lower per-share pricing typically improves liquidity and retail participation. The increased authorised capital gives the company headroom for future fundraising.