Description

Narmada Macplast announces bonus issue of 36,23,000 equity shares with deemed allotment date of October 13, 2025 and effective listing date of October 14, 2025.

Summary

Narmada Macplast Drip Irrigation Systems Ltd (Scrip Code: 517431, CIN: L25209GJ1992PLC017791) has undertaken to credit 36,23,000 bonus equity shares to shareholders’ demat accounts. The company will complete the credit process by 12 PM on the next working day after the record date (T+1 day) and the shares will be available for trading from the beginning of T+2 day.

Key Points

  • Total bonus shares to be issued: 36,23,000 equity shares
  • Deemed date of allotment: October 13, 2025
  • Effective listing date: October 14, 2025
  • Distinctive numbers: From 36,23,001 to 72,46,000
  • New ISIN: INE060D01010 (to be intimated once issued)
  • Record date compliance: T+1 day (13.10.2025)
  • Trading commencement: Beginning of day (BOD) on T+2 day (14.10.2025)

Regulatory Changes

No regulatory changes. This is a standard corporate action filing under existing bonus issue regulations.

Compliance Requirements

  • Company must credit bonus shares to depository system by 12 PM on T+1 day (October 13, 2025)
  • Shares must be available for trading at beginning of day on T+2 (October 14, 2025)
  • Company has provided undertaking to BSE for timely completion of the process
  • New ISIN will be assigned and communicated once issued

Important Dates

  • October 13, 2025: Deemed date of allotment (T+1 day) - Bonus shares to be credited by 12 PM
  • October 14, 2025: Effective listing date (T+2 day) - Shares available for trading from BOD

Impact Assessment

Market Impact: Medium - The bonus issue will double the equity base from 36,23,000 to 72,46,000 shares, diluting per-share metrics but not affecting overall shareholder value. The quick turnaround (T+2 trading) ensures minimal disruption to market liquidity.

Shareholder Impact: Existing shareholders will receive additional shares in proportion to their holdings on the record date. While the number of shares increases, the proportionate ownership and total value remain unchanged.

Trading Impact: Normal trading expected to commence on October 14, 2025 with adjusted price reflecting the bonus ratio.

Impact Justification

Standard bonus issue affecting existing shareholders with medium impact due to capital structure change