Description
NSE notifies listing and trading of equity shares issued via bonus issue by R M Drip and Sprinklers Systems Limited (RMDRIP), effective April 15, 2026, with record date April 10, 2026 and allotment date April 13, 2026.
Summary
NSE has notified the listing and commencement of trading of equity shares of R M Drip and Sprinklers Systems Limited (Symbol: RMDRIP) issued pursuant to a bonus issue. Trading in the new shares will be effective from April 15, 2026, on the Capital Market segment of NSE.
Key Points
- Company: R M Drip and Sprinklers Systems Limited (Symbol: RMDRIP)
- ISIN: INE219Y01026
- Total bonus shares issued: 17,84,28,571 (178.43 million shares)
- Distinctive number range: 249800001 to 428228571
- Trading effective from April 15, 2026 on NSE Capital Market segment
- Securities identified by designated codes for trading purposes
Regulatory Changes
No new regulatory changes. This circular is issued in pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, which governs the admission of new securities to dealings on NSE.
Compliance Requirements
- All NSE members are notified to use the designated security codes (Symbol: RMDRIP, ISIN: INE219Y01026) for trading these shares on the system.
- Trading in the bonus shares must not commence before April 15, 2026.
Important Dates
- Record Date: April 10, 2026
- Deemed Date of Allotment: April 13, 2026
- Trading Effective Date: April 15, 2026
- Circular Date: April 09, 2026
Impact Assessment
Existing shareholders of R M Drip and Sprinklers Systems Limited who held shares as of the record date (April 10, 2026) will receive bonus shares. The total new shares of 17,84,28,571 will be admitted to trading from April 15, 2026, increasing the company’s free float. This is a standard corporate action with moderate impact on the stock’s liquidity and price (typical post-bonus adjustment expected). No broader market impact anticipated.
Impact Justification
Routine bonus issue listing notification for a mid-cap company; impacts existing shareholders of RMDRIP but has limited broader market significance.