22nd AGM results: all 3 resolutions passed, Rs 0.03 per share dividend declared
RMDRIP · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and in line with its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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R M Drip and Sprinklers Systems held its 22nd AGM on Sep 30, 2026 via video conferencing. All 3 ordinary resolutions were passed with over 99.99 percent approval. Key items: adoption of audited financials for FY26, final dividend of Rs 0.03 per share of Rs 1 face value, and re-appointment of Managing Director Atharva Nivrutti Kedar. About 24.91 crore votes were polled, with just 256 votes against each resolution.
Minor final dividend of 3 paise per share. AGM formalities done and Managing Director re-appointed. Routine, no major price catalyst.