R M Drip and Sprinklers Systems Announces Record Date for Stock Split

Mumbai, 15th September, 2025: R M Drip and Sprinkler Systems Ltd. (BSE: 544456, NSE: RMDRIP) announced September 26, 2025, as the record date to determine the beneficiaries of the stock split, which was duly approved.

R M Drip and Sprinkler Systems Limited is a leading manufacturer and supplier of drip and sprinkler irrigation systems for India’s agriculture sector. The Company manufactures and provides innovative solutions for water management, and is listed on the BSE and NSE.

Share Price Performance

As of 15 September 2025, the share price of the company closed at ₹777.20, up ₹6.15 (0.80%) from its previous close of ₹771.05. The share opened at ₹778.95 and traded between ₹790.00 and ₹765.05, reaching its high and low. The company has a P/E ratio of 77.60, with a market cap of 1.94KCr.

Purpose of the Stock Split

The split intends to lower the stock’s price and enhance the liquidity and engagement of retail investors. The company believes that a lower share price will help accessibility and increase trading volume, without overall impacting market capitalization.

Record Date Significance

The record date of September 26, 2025, provides a way to identify the shareholders eligible to receive the split shares in their demat accounts. Any investors who hold the stock on or before the record date will see share adjustments in their accounts reflecting the split ratio.

Management’s Statement

Nivrutti Pandurang Kedar, Managing Director of R M Drip and Sprinklers Systems Limited, confirmed the record date and stated that the company has completed the necessary approvals for implementing the stock split.

It is hoped that the stock split will enhance liquidity, draw more retail investor participation, and make the shares more affordable. Although the company’s fundamentals have not changed, the increased accessibility could lead to increased short-term trading and potentially improve long-term investor confidence.

REF: https://nsearchives.nseindia.com/corporate/RMDRIP_15092025155706_RecordDateSplit.pdf

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