R M Drip and Sprinklers Systems Limited has informed the Exchange regarding Board meeting held on Jun 28, 2025.
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Awaiting price reaction for this filing.
The board of R M Drip and Sprinklers Systems, at its meeting on June 28, 2025, approved a part disinvestment of the company's stake in its subsidiary, Tuljai Agro Chemicals Private Limited. The subsidiary is classified as non-material. During FY25 (ended March 31, 2025), the subsidiary contributed Rs. 91.67 lakhs in revenue and had a net worth of Rs. 4.66 crores. The company stated the divestment will have no impact on its revenue, business operations, or profitability. A buyer has not yet been identified — the Management Committee has been authorised to find one and negotiate terms. The transaction is expected to complete within 30 days.
This is a routine, immaterial portfolio reshuffle and is unlikely to affect shareholders or the stock price in any meaningful way. Investors should treat this as housekeeping news with no financial impact on the parent company.