Board Meeting27 Feb 2026, 06:42 pm
Narmada Macplast Drip Irrigation Systems Ltd: Appointment of New Independent Director, Rights Issue, and Other Major Decisions
AI Summary
Narmada Macplast Drip Irrigation Systems Ltd has made several significant decisions in their recent board meeting. Mr. Bhavin Patel has been appointed as an Independent Director. The company has also approved a Rights Issue of equity shares worth Rs. 50.00 Crores. Additionally, the board has considered shifting the registered office, altering the Object Clause, and increasing the authorized share capital. The board has also formed a committee to decide the matters relating to the Rights Issue.
Key Highlights
- Appointment of Mr. Bhavin Patel as an Independent Director
- Rights Issue of equity shares worth Rs. 50.00 Crores
- Consideration of shifting the registered office
- Alteration of the Object Clause
- Increase in the authorized share capital