R M Drip and Sprinklers Systems Limited has informed the Exchange that Record date for the purpose of Bonus is 07-Apr-2026.
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R M Drip and Sprinklers Systems Limited's board has approved a bonus issue of 5 new equity shares for every 7 existing shares held. A total of 17,84,28,571 new shares of Rs. 1/- face value will be issued, amounting to Rs. 17,84,28,571, funded from the company's retained earnings of Rs. 54,95,25,141 as per FY25 audited results. The record date for eligibility is 7th April 2026, and bonus shares are expected to be credited by 27th April 2026. The authorised share capital will be increased from Rs. 31.5 crore to Rs. 50 crore to accommodate the new shares. The issue is subject to shareholder approval through a postal ballot process.
Shareholders of record on 7th April 2026 will receive additional shares at no cost, expanding the total share count by roughly 71%. The share price will adjust downward on the ex-date in proportion to the bonus, so the overall investment value stays the same. The move reflects management's confidence, supported by strong free reserves.