Description
BSE notifies trading members that R M Drip and Sprinklers Systems Limited has fixed April 10, 2026 as the record date for a bonus issue of 5 equity shares for every 7 held, with 178,428,571 shares to be allotted on April 13, 2026.
Summary
BSE has notified trading members that R M Drip and Sprinklers Systems Limited (Scrip Code: 544456) has fixed a record date of April 10, 2026 for a bonus issue. The company will issue 5 bonus equity shares of Re. 1/- each for every 7 equity shares of Re. 1/- each held. Trading in the equity shares will be conducted on an ex-bonus basis effective April 10, 2026.
Key Points
- Bonus Ratio: 5 bonus equity shares for every 7 equity shares held
- Record Date: April 10, 2026
- Ex-Bonus Date: April 10, 2026 (Settlement No. DR-608/2026-2027)
- Total Bonus Shares to be Allotted: 178,428,571 equity shares
- Allotment Date: April 13, 2026
- Face Value: Re. 1/- per share
- Notice reference: BSE Notice No. 20260409-6
Regulatory Changes
No new regulatory changes. This circular is a standard corporate action notification pursuant to the company’s board decision to issue bonus shares.
Compliance Requirements
- Trading members must note that all transactions in R M Drip and Sprinklers Systems Limited (544456) equity shares will be on an ex-bonus basis from April 10, 2026 onwards.
- Members should update client portfolios and margin calculations to reflect the bonus entitlement and adjusted share price post ex-bonus date.
Important Dates
| Event | Date |
|---|---|
| Circular Date | April 09, 2026 |
| Record Date | April 10, 2026 |
| Ex-Bonus Trading Effective From | April 10, 2026 |
| Bonus Share Allotment Date | April 13, 2026 |
Impact Assessment
The bonus issue of 5:7 will result in 178,428,571 new equity shares being allotted to existing shareholders, significantly increasing the total share count. The share price is expected to adjust proportionally on the ex-bonus date (April 10, 2026). Existing shareholders as of the record date will receive 5 additional shares for every 7 held, improving liquidity of the stock. Trading members and investors must account for the adjusted price and revised holding quantities from April 10, 2026. Settlement for ex-bonus trades falls under DR-608/2026-2027.
Impact Justification
Bonus issue directly affects share price and holdings of all existing shareholders; ex-bonus trading begins April 10, 2026 with 178M+ new shares to be allotted.