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The latest update is out from R M Drip And Sprinklers Systems Limited ( (IN:RMDRIP) ).
R M Drip and Sprinklers Systems Limited has approved and allotted 17,84,28,571 fully paid bonus equity shares of face value Re. 1 each to its shareholders. The bonus issue has been made in the ratio of five new shares for every seven existing shares held as of the April 10, 2026 record date.
Following this allotment, the company’s paid-up equity share capital has risen to Rs. 42,82,28,571, comprising an equal number of shares of Re. 1 each. The move expands the company’s equity base and enhances share liquidity, signaling confidence in its financial position and rewarding existing investors without altering their proportional ownership.
More about R M Drip And Sprinklers Systems Limited
R M Drip and Sprinklers Systems Limited operates in the irrigation and water management sector, focusing on the manufacture and supply of drip and sprinkler systems for agricultural and related uses. The company targets farmers and agri-focused stakeholders seeking efficient water use and improved crop productivity through micro-irrigation solutions.
Average Trading Volume: 7,653,447
Technical Sentiment Signal: Hold
Current Market Cap: 11.47B INR
Find detailed analytics on RMDRIP stock on TipRanks’ Stock Analysis page.