R M Drip and Sprinklers Systems Limited has informed the Exchange about Allotment of Bonus Equity Shares
RMDRIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.4 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
R M Drip and Sprinklers Systems Limited has allotted 17,84,28,571 bonus equity shares of Re. 1 each to its shareholders. The bonus issue is in the ratio of 5:7, meaning shareholders received 5 new shares for every 7 shares they held as on the record date of 10th April 2026. As a result, the company's paid-up equity share capital has increased to Rs. 42,82,28,571, comprising 42,82,28,571 equity shares. The board approved the allotment at its meeting held on 13th April 2026.
The bonus shares will increase the total share count and may lead to a proportionate adjustment in the share price. This rewards existing shareholders by expanding their holdings without additional cost, though the company's overall valuation remains unchanged.