R M Drip and Sprinklers Systems Limited has informed the Exchange about proposed acquisition of Brahmanand Pipes Private Limited
RMDRIP · price
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Awaiting price reaction for this filing.
R M Drip and Sprinklers Systems Limited (NSE: RMDRIP, BSE: 544456) has announced a proposed 100% acquisition of Brahmanand Pipes Private Limited (BPPL) for a total cash consideration of approximately Rs. 10 lakh (1,00,000 equity shares of Rs. 10 each). BPPL was very recently incorporated in March 2025 and is engaged in the manufacture, storage, and distribution of pipes and related products, with no available turnover history. The acquisition is aimed at expanding RMDRIP's product range to meet growing demand and is expected to close within 30 days. Notably, the filing states this is not a related party transaction, even though the company's Promoter (Mrs. Surekha Nivrutti Kedar) and Promoter Group member (Ms. Anuja Nivrutti Kedar) are shareholders and directors of BPPL. No government or regulatory approvals are required for the deal.
For shareholders, this is a small, strategic bolt-on acquisition in a related business segment. The deal size is minor (Rs. 10 lakh), so financial impact is negligible, but the promoter-linked nature of the target — despite being classified as non-related party — is something investors should watch closely.