R M Drip and Sprinklers Systems Limited has informed the Exchange that the Board of Directors at its meeting held on August 22, 2025, has considered and approved subdivision of 24980000 equity shares of 10 each into 249800000 equity shares of 1 each.
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.4 pts more than 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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The Board of R M Drip and Sprinklers Systems, at its meeting on August 22, 2025, approved a sub-division (stock split) of every 1 equity share of face value Rs. 10 into 10 equity shares of face value Re. 1 each, subject to shareholder approval via postal ballot. This will increase the total share count from about 2.5 crore shares to about 25 crore shares, while the overall market capitalisation and total value remain unchanged at roughly Rs. 24.98 crore in paid-up capital. The Board stated the rationale is to make shares more affordable for retail investors and improve liquidity in the market. The record date for the split will be announced after shareholder approval, expected within one month. The Board also fixed September 15, 2025 as the date for the 21st AGM, with September 8, 2025 as the record date for AGM voting and determining final dividend eligibility.
For existing shareholders, the stock split does not change the total value of their holdings but is expected to lower the per-share price, potentially improving liquidity and attracting more retail participation. Short-term price movement may occur as the market adjusts to the new share price; no change in fundamentals.