R M Drip and Sprinklers Systems Limited has informed the Exchange regarding Board meeting held on August 22, 2025.
RMDRIP · price
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The Board of Directors of R M Drip and Sprinklers Systems Limited approved a sub-division/split of equity shares, where every 1 equity share of face value Rs. 10 will be split into 10 equity shares of face value Re. 1 each, subject to shareholder approval via postal ballot. The company stated the rationale is to make shares more affordable for retail investors and improve liquidity. The Board also approved the 21st Annual General Meeting to be held on September 15, 2025 via video conferencing, with book closure from September 9 to September 15, 2025. A record date of September 8, 2025 was fixed for determining eligibility for e-voting at the AGM and entitlement to the final dividend for FY 2024-25. Additionally, M/s. Nuren Lodaya & Associates was appointed as the Secretarial Auditor for five years (FY 2025-26 to 2029-30) and as Scrutinizer for the 21st AGM. The draft Directors' Report and AGM Notice were also approved.
The 1:10 stock split will reduce the face value per share from Rs. 10 to Re. 1, effectively lowering the per-share market price and making the stock more accessible to retail investors, which may boost liquidity and trading volumes post-effective date. Shareholders should note the record date of September 8, 2025 for AGM and final dividend eligibility.