Outcome of Board Meeting to consider the Issue of Bonus Shares and Stock Split of equity shares
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On 28th July 2025, the Board of Narmada Macplast Drip Irrigation Systems approved two key corporate actions. First, a bonus issue of equity shares in the ratio of 1:1, meaning one bonus share for every one share held, totaling 36,23,000 bonus shares worth Rs. 3.62 crore, to be issued out of free reserves of Rs. 4.10 crore as on 31st March 2025. Second, a stock split/sub-division where each equity share of Rs. 10 face value will be split into 5 equity shares of Rs. 2 face value. The Board also approved increasing authorized share capital from Rs. 5 crore to Rs. 10 crore and adopting new Articles of Association aligned with the Companies Act, 2013. Both the bonus and split are subject to shareholder approval, with the record date to be communicated later. Post-split, paid-up capital will be 3,62,30,000 shares of Rs. 2 each, aggregating Rs. 7.24 crore.
For shareholders, the combined bonus and 5:1 stock split will increase the number of shares held by 10 times while reducing the per-share price, making the stock more affordable and improving liquidity. Total investment value remains unchanged, but the move is generally viewed as a positive signal of management confidence and is likely to attract more retail investors.