R M Drip and Sprinklers Systems Limited
Incorporated in 1996, R M Drip & Sprinklers Systems Ltd manufactures micro irrigation systems
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- Others31
- Important20
- Updates16
- Board Meeting11
- Dividend/Bonus8
- Insider Trade4
RMDRIP's Independent Directors met to review performance of Non-Independent Directors, the Board, and Chairperson. They also assessed information flow quality and timeliness crucial for effective board duties. This regular governance review reinforces oversight.
RMDRIP approved a new 12,000 MT/annum manufacturing unit in Nashik, boosting capacity by ~50%. This diversifies products for high-growth sectors: agriculture, water, telecom, and industrial. Land acquisition is imminent, with commercial production starting next fiscal year.
RMDRIP has completed a 10-for-1 stock split, changing its ISIN. Each share with a face value of Rs. 10 is now divided into 10 shares of Re. 1, potentially enhancing accessibility for investors.
R M Drip & Sprinklers Systems approved the financial results for the quarter ended June 30, 2025. Revenue from operations soared to ₹30.48 Cr, up from ₹17.01 Cr YoY. Profit after tax jumped to ₹5.31 Cr from ₹1.70 Cr YoY. Tuljai Agro Chemicals ceased being a subsidiary, now an associate.
RM Drip And Sprinklers Systems has secured approval from both NSE and BSE for listing its equity shares on the Capital Market Segment (Main Board). This significant business development is set to enhance the company's visibility and could improve liquidity for shareholders. The transition to the main board also broadens...