R M Drip & Sprinklers System Ltd has formally corrected its communication and confirmed a 1:10 stock split proposal, converting each equity share of ₹10 face value into 10 shares of ₹1 each.
The revised announcement was issued on August 23, 2025, addressing clerical errors in the earlier disclosure, and the proposal awaits approval at the upcoming Annual General Meeting (AGM) scheduled for September 15, 2025.
The stock split transforms 1 existing share of ₹10 into 10 fully paid equity shares of ₹1, enhancing liquidity and making shares more accessible to small and retail investors. A 1:10 stock split means that for every 1 share an investor holds, it will be converted into 10 shares
The split will not affect the overall share capital value, but the number of shares will increase. Authorised share capital will change from 3,15,00,000 shares of ₹10 (₹31,50,00,000) to 31,50,00,000 shares of ₹1 (₹31,50,00,000). Issued and paid-up capital will expand from 2,49,80,000 shares of ₹10 (₹24,98,00,000) to 24,98,00,000 shares of ₹1 (₹24,98,00,000).
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The board has also cleared amendments to the company’s Memorandum of Association, approved financial statements, and appointed M/s Nuren Lodaya & Associates as Secretarial Auditor for the period from FY 2025-26 to FY 2029-30. The correction in details ensures clarity for investors prior to the AGM.
Completion of the split is estimated within 1 month of shareholder approval. The book closure period will be observed from September 9, 2025, to September 15, 2025. The record date for eligibility will be announced after AGM approval, and shareholders are advised to monitor updates for the exact timelines and next steps.
On August 25, 2025, R M DRIP share price opened at ₹733.50 on NSE, above the previous close of ₹721.25. During the day, it surged to ₹733.50 and dipped to ₹723.00. The stock is trading at ₹725.00 as of 9:19 AM. The stock registered a moderate gain of 0.52%.
Over the past week, it has moved up by 6.28%, over the past month, it has moved up by 18.82%, and over the past 3 months, it has moved up by 34.16%.
R M Drip & Sprinklers System Ltd’s confirmed 1:10 stock split demonstrates its intent to boost retail participation and improve liquidity. The official investor-focused timeline now hinges on shareholder approval at the September 15, 2025 AGM, after which the process is expected to conclude within the following month.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Aug 25, 2025, 3:12 PM IST
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