Description

Undertaking for allotment of 36,23,000 bonus equity shares with deemed date of allotment on 13.10.2025 and effective listing date on 14.10.2025.

Summary

Narmada Macplast Drip Irrigation Systems Ltd. (Scrip Code: 517431, CIN: L25209GJ1992PLC017791) has undertaken to credit 36,23,000 bonus equity shares in the depository system by 12 P.M. on the next working day of the record date (T+1 day, 13.10.2025). The bonus shares will be available for trading from the beginning of day on T+2 (14.10.2025).

Key Points

  • Company: Narmada Macplast Drip Irrigation Systems Ltd.
  • Scrip Code: 517431
  • Number of bonus shares to be issued: 36,23,000 equity shares
  • Deemed date of allotment: 13.10.2025
  • Effective listing date: 14.10.2025
  • Distinctive number range: From 36,23,001 to 72,46,000
  • ISIN: INE060D01010 (to be intimated once issued)
  • Bonus shares will be credited by 12 P.M. on T+1 day (13.10.2025)
  • Trading will commence from BOD (Beginning of the day) of T+2 day (14.10.2025)

Regulatory Changes

No regulatory changes. This is a corporate action filing as per standard bonus issue procedures.

Compliance Requirements

  • Company has undertaken to credit bonus shares in depository system latest by 12 P.M. of next working day of record date
  • Company must ensure shares are available for trading on BOD of T+2 day
  • New ISIN (INE060D01010) to be intimated once issued

Important Dates

  • Circular Date: 01.10.2025
  • Record Date: T day (12.10.2025 implied)
  • Deemed Date of Allotment: 13.10.2025 (T+1)
  • Effective Listing Date: 14.10.2025 (T+2)
  • Credit Deadline: 12 P.M. on 13.10.2025

Impact Assessment

Impact on Shareholders: Positive - Existing shareholders will receive bonus shares, increasing their shareholding quantity without additional investment. The bonus ratio appears to be 1:1 based on the distinctive numbers (from 36,23,001 to 72,46,000, doubling the share count).

Trading Impact: The shares will be available for trading from 14.10.2025. Typically, bonus issues lead to increased liquidity and may adjust the stock price proportionally to maintain market capitalization.

Market Perception: Bonus issues are generally viewed positively as they indicate company’s confidence in future prospects and improve stock affordability for retail investors.

Impact Justification

Standard bonus issue affecting existing shareholders with clear timeline and allotment details