R M Drip and Sprinklers Systems Limited Announces Allotment of Bonus Equity Shares
R M Drip and Sprinklers Systems Limited announced a significant corporate action following its Board meeting held on Monday, 13th April 2026. The Board approved the allotment of 17,84,28,571 fully paid-up Bonus Equity Shares, each having a face value of Re. 1/-.The bonus shares were allotted at a ratio of 5 (Five) new fully paid-up Equity Shares for every 7 (Seven) existing fully paid-up Equity Shares. This allotment was based on the record date fixed for the purpose, which was Friday, 10th April 2026.
The total allotment of shares results in the paid-up equity share capital of the company increasing to Rs. 42,82,28,571. This revised capital comprises 42,82,28,571 equity shares, each with a face value of Re. 1/-.
The financial details of the bonus share allotment are summarized below:
| Particulars | Detail |
|---|---|
| Bonus Shares Allotted | 17,84,28,571 shares |
| Face Value per Share | Re. 1/- |
| Allotment Ratio | 5 new shares for every 7 existing shares |
| Record Date | Friday, 10th April 2026 |
| New Total Paid-up Capital | Rs. 42,82,28,571 |
| Total Shares Post Allotment | 42,82,28,571 shares |
RMDRIP Stock Price Movement
As of 12:06 PM, shares of R M Drip and Sprinklers Systems Limited are slipping by 3.21% in live trading, currently at ₹25.92. The stock fell ₹0.86 against previous levels, reflecting significant selling pressure on a high volume of 633,990 shares.Source:
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