Description

Undertaking for bonus shares allotment of 36,23,000 equity shares with record date October 12, 2025 and effective listing date October 14, 2025.

Summary

Narmada Macplast Drip Irrigation Systems Ltd (Scrip Code: 517431, CIN: L25209GJ1992PLC017791) has submitted an undertaking to BSE for the allotment of 36,23,000 bonus equity shares. The company commits to crediting the bonus shares in the depository system by 12 PM on October 13, 2025 (T+1 day) and making them available for trading from October 14, 2025 (T+2 day).

Key Points

  • Total bonus shares to be issued: 36,23,000 equity shares
  • Deemed date of allotment: October 13, 2025
  • Record date: October 12, 2025
  • Effective listing date: October 14, 2025 (BOD - Beginning of Day)
  • Distinctive numbers: From 36,23,001 to 72,46,000
  • New ISIN to be intimated once issued (existing ISIN: INE060D01010)
  • Shares will be credited to depository by 12 PM on T+1 day

Regulatory Changes

No regulatory changes. This is a standard corporate action involving bonus share issuance.

Compliance Requirements

  • Company undertakes to credit bonus shares in depository system by 12 PM of October 13, 2025 (T+1 day)
  • Bonus shares must be available for trading from BOD of October 14, 2025 (T+2 day)
  • Company registered office: Plot No. 119-120, Santej-Vadsar Road, At. Santej, Taluka: Kalol, Dist.: Gandhinagar - 382721
  • Correspondence address: Office no. 10 & 11, Shree Ratna Complex, Near Krushnanagar bus stop, Akhbarnagar Road, New Vadaj, Ahmedabad - 380013

Important Dates

  • Record Date: October 12, 2025
  • Deemed Allotment Date: October 13, 2025 (T+1)
  • Credit to Depository: By 12 PM on October 13, 2025
  • Effective Listing Date: October 14, 2025 (T+2)
  • Trading Commencement: October 14, 2025 (Beginning of Day)
  • Circular Date: October 1, 2025

Impact Assessment

Market Impact: The bonus issue will increase the total outstanding shares of Narmada Macplast Drip Irrigation Systems Ltd by 36,23,000 equity shares, effectively doubling the share capital (from distinctive numbers 1-36,23,000 to 1-72,46,000). This will improve liquidity and make shares more affordable for retail investors.

Shareholder Impact: Existing shareholders as of the record date (October 12, 2025) will receive bonus shares in proportion to their holdings. The bonus ratio appears to be 1:1 based on the distinctive numbers.

Trading Impact: Normal trading will resume on October 14, 2025 with adjusted prices reflecting the bonus issue. The stock will trade ex-bonus from the record date.

Impact Justification

Standard bonus issue for a single company affecting existing shareholders; medium impact due to share capital increase and trading implications