Notice & Annual Report 2024-2025
RMDRIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
R M Drip and Sprinklers Systems Limited has filed its 21st Annual Report and AGM notice for FY 2024-2025. Operating revenues grew sharply to Rs. 130.34 crore from Rs. 50.27 crore in the previous year, a jump of roughly 159% year-on-year. The board has recommended a final dividend of Rs. 0.50 per equity share on the existing Rs. 10 face value. Shareholders will also vote on a 1:10 stock split, subdividing each Rs. 10 share into 10 shares of Rs. 1 each, to improve liquidity and retail participation. Other resolutions include re-appointment of Managing Director Nivrutti Pandurang Kedar, alteration of the capital clause of the Memorandum of Association, appointment of M/s. Nuren Lodaya & Associates as Secretarial Auditor for five years, and approval of up to 1% of net profits as commission to a promoter-family director for three years. The AGM is scheduled for 15th September 2025 via video conferencing.
The sharp revenue growth and proposed stock split are positive signals for retail investors, as the split will make shares more affordable and could improve trading liquidity. Dividend declaration reflects profit-sharing with shareholders, while the remuneration for the related director is a routine governance item requiring member approval.