Corporate Action17 Sept 2026, 05:50 pm
Narmada Macplast Withdraws Proposed Rights Issue
AI Summary
Narmada Macplast Drip Irrigation Systems Ltd announced that its Board of Directors has approved the withdrawal of the proposed Rights Issue of equity shares. This proposed issue was previously approved by the Board on February 27, 2026. The company will not proceed further with the Rights Issue.
Key Highlights
- Board of Directors approved withdrawal of proposed Rights Issue.
- Rights Issue was initially approved on February 27, 2026.
- Company will not proceed with the Rights Issue.
- This is a corporate action impacting potential share dilution.
Price Impact
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