R M Drip and Sprinklers Systems Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
RMDRIP · price
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R M Drip and Sprinklers Systems Limited has announced the results of its postal ballot conducted to seek shareholder approval for migrating its equity shares from the NSE EMERGE (SME) platform to the Main Board of NSE as well as BSE. A total of 49 shareholders cast valid votes, with 1,50,82,000 shares (100%) voted in favour and zero votes against the special resolution. Promoter votes of 44,41,339 shares were excluded as per SEBI rules for SME-to-mainboard migration. The resolution was passed with the requisite majority on 13th May 2025, with the scrutinizer confirming the process was fair and transparent.
This is a positive development for shareholders. Once the migration is completed, the stock will move out of the SME segment to the mainboard, which typically brings higher visibility, better liquidity, broader institutional participation, and revised trading lot sizes — though day-to-day trading may be temporarily suspended during the migration process.