Investment27 Feb 2026, 06:42 pm
Narmada Macplast Drip Irrigation Systems Ltd. Announces Rights Issue of Equity Shares and Other Key Decisions
AI Summary
Narmada Macplast Drip Irrigation Systems Ltd. Board of Directors approved a Rights issue of Equity Shares amounting to Rs. 50.00 Crores. The Board also approved the appointment of Mr. Bhavin Patel as an Independent Director, the resignation of Mr. Girish Laxmanbhai Baldha, and the shifting of the registered office within the same state. Additionally, the Board proposed alterations to the Object Clause and authorized share capital of the company, subject to shareholder approval.
Key Highlights
- Rights issue of Equity Shares worth Rs. 50.00 Crores
- Appointment of Mr. Bhavin Patel as an Independent Director
- Resignation of Mr. Girish Laxmanbhai Baldha
- Proposal to shift the registered office within the same state
- Proposal to alter the Object Clause and authorized share capital of the company