Investment27 Feb 2026, 06:42 pm
Narmada Macplast Drip Irrigation Systems Ltd. Announces Board Meeting Approval for Rights Issue, Director Appointment, and Other Significant Changes
AI Summary
Narmada Macplast Drip Irrigation Systems Ltd. held a Board meeting on 27th February 2026, where several key decisions were made. The company approved the appointment of Mr. Bhavin Patel as an Independent Director, and accepted the resignation of Mr. Girish Laxmanbhai Baldha. The Board also proposed shifting the registered office within the same state, altering the Object Clause of the company, and issuing equity shares worth Rs. 50.00 Crores to eligible equity shareholders on a Rights basis. A committee of Directors will be formed to decide the terms and conditions of the Rights Issue.
Key Highlights
- Appointment of Mr. Bhavin Patel as an Independent Director.
- Resignation of Mr. Girish Laxmanbhai Baldha, Independent Director.
- Proposal for shifting of registered office within the same state.
- Proposal for alteration of Object Clause of the Company.
- Rights Issue of equity shares worth Rs. 50.00 Crores to eligible equity shareholders.