1:10 Stock Split: R M Drip & Sprinklers System Share Price in Focus

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.

Key Details of the 1:10 Stock Split

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

Share Capital Structure Pre and Post Split

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).

Read More: VA Tech WABAG Secures ₹118 Crore O&M Order in Bahrain! 

Other Board Approvals and Updates

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.

Timeline and Record Date

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.

R M DRIP Share Price Performance

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%.

Conclusion

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.

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