R M Drip and Sprinklers Systems Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 part disinvestment of the Company s stake in its subsidiary'.
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The Board of Directors of R M Drip and Sprinklers Systems Limited, at its meeting on 28th June 2025, approved a part disinvestment of the company's stake in its subsidiary, Tuljai Agro Chemicals Private Limited. The subsidiary is explicitly described as not being a material subsidiary of the company. During FY25 (ending 31st March 2025), the subsidiary contributed Rs. 9,167.10 thousand in revenue and had a net worth of Rs. 46,641.28 thousand. The Board has authorized a Management Committee to find a buyer and negotiate the best possible rates, with the transaction expected to be completed within 30 days. The company has confirmed that the deal is not a related party transaction and falls outside any scheme of arrangement.
This is a minor portfolio reshuffle with no expected impact on the company's revenue, business operations, or profitability. Shareholders are unlikely to see any material change in the company's financial performance as a result of this transaction.