R M Drip and Sprinklers Systems Ltd

RM Drip and Sprinklers Systems Ltd announced its standalone and consolidated unaudited financial results for the second quarter and half year ended September 30, 2026. The Board of Directors approved these results in a meeting held on November 09, 2026. The company will also publish extracts of these results in newspapers. The financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report, have been submitted to the stock exchanges and will be available on the company's website.

R M Drip and Sprinklers reported consolidated revenue of ₹28.95 Cr and PAT of ₹1.87 Cr for Q2 FY27, down 7.2% and 67.4% YoY respectively, and down a sharper 28.3% and 64.8% sequentially from Q1 FY27's ₹40.39 Cr revenue and ₹5.31 Cr PAT. Standalone tells the same story — PAT of ₹2.00 Cr on revenue of ₹32.22 Cr — confirming the weakness isn't a subsidiary-only effect, with the group number running slightly below standalone due to drag from the consolidated entities. There is no sell-side coverage to benchmark against (0 analysts carry estimates per Sharpely/TipRanks) and the company has issued no formal guidance in our records or found via search, so vsStreet and vsGuidance both read unknown; no management press release accompanies this filing either, leaving the print to speak for itself. The compression is a margins story, not a demand collapse: operating margin fell to 15.8% from 22.2% in Q1 FY27 and 26.9% a year ago, while net margin dropped to 6.4% from 13.1% and 17.4% respectively — the third straight quarter of margin erosion. The driver is squarely on the cost-of-materials line: combined material and trading costs (net of inventory movement) rose to roughly 69% of revenue this quarter versus ~63% in Q1 FY27 and ~53% a year ago, pointing to raw-material cost inflation and/or a less profitable product mix rather than a one-off charge — there is no exceptional item in either the standalone or consolidated statement this quarter. Notably, commercial output from the newly consolidated Brahmanand Pipes subsidiary had been expected to lift Q2 FY27 volumes, but revenue instead fell 28.3% sequentially, suggesting that ramp-up has yet to show up in the numbers. The quarter also carries a governance overhang: the Enforcement Directorate searched the company's registered office and the promoter's residence on 16-17 October 2026 as part of a six-city PMLA probe into an alleged WhatsApp-driven pump-and-dump in RM Drip and R&B Denims shares, with roughly ₹200 Cr in trading accounts frozen industry-wide; the company has stated it has not been informed of any specific violation or order. Separately, the board revised its recommended final dividend down to ₹0.03 from ₹0.05 via a corrigendum issued in September, ahead of the 22nd AGM — a modest but visible pullback in capital return timed just before this weak print and the ED search. Into Q3 FY27, the read-through is a margin trajectory that still needs to find a floor, alongside two unresolved external risks (the PMLA probe and the diluted share base) layered on top of a genuine, cost-driven earnings slowdown.

R M Drip and Sprinklers Systems Ltd has announced that its Board of Directors will convene on November 9, 2026. The primary agenda item is the consideration and approval of the Un-audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Additionally, the board may discuss any other necessary matters. In line with SEBI regulations, the trading window for the company's securities will be closed from October 1, 2026, until 48 hours after the board meeting concludes, affecting all designated persons and their relatives.

R M Drip and Sprinklers Systems Ltd announced that the Enforcement Directorate (ED) conducted search proceedings at its registered office and the promoter's residential premises. The search commenced on October 16, 2026, and concluded on October 17, 2026. The company stated that, based on currently available information, there is no material impact on its financial position, business operations, or other activities arising from these proceedings. Further details are to be provided as per SEBI Listing Regulations.

R M Drip and Sprinklers Systems Ltd has submitted a revised Annual Report for FY 2025-26 due to a typographical error in the previously circulated notice for the 22nd Annual General Meeting (AGM). The error incorrectly stated the final dividend recommendation as ₹0.05 per equity share. The company clarifies that the Board of Directors, in a meeting on May 30, 2026, recommended a final dividend of ₹0.03 per equity share of face value ₹1, subject to shareholder approval at the AGM. The revised report incorporates this correction, with all other contents remaining unchanged. The 22nd AGM is scheduled for September 30, 2026.

R M Drip and Sprinklers Systems Ltd has issued a corrigendum to its earlier intimation regarding the final dividend for the financial year ended March 31, 2026. The company clarified that due to a typographical error, the recommended final dividend was incorrectly stated as ₹0.05 per equity share. The Board of Directors had actually recommended a final dividend of ₹0.03 per equity share, subject to shareholder approval at the upcoming Annual General Meeting. The company is circulating a revised notice of the AGM to its members to reflect this correction. All other details from the previous intimation remain unchanged.

R M Drip and Sprinklers Systems Ltd has issued a corrigendum to its previous intimation regarding the final dividend for the financial year ended March 31, 2026. The company clarified that the recommended final dividend is ₹0.03 per equity share, not ₹0.05 as inadvertently stated earlier. This correction is subject to shareholder approval at the upcoming Annual General Meeting. The revised notice of the AGM will be circulated to members.

R M Drip and Sprinklers Systems Ltd has announced the record date for its upcoming Annual General Meeting (AGM) and the final dividend for the financial year ended March 31, 2026. The record date is set for September 23, 2026. Shareholders as of this date will be eligible to attend and vote electronically at the AGM and will be entitled to receive the final dividend, subject to shareholder approval. The dividend will be paid within 30 days of approval, after tax deductions, to beneficial owners holding shares in electronic form.

R M Drip and Sprinklers Systems Ltd announced its 22nd Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 2:00 PM IST via Video Conferencing. The company's Board of Directors has recommended a final dividend of ₹0.05 per equity share for the financial year ended March 31, 2026. The record date for determining dividend entitlement is fixed as September 23, 2026. The AGM agenda includes adopting financial statements, declaring the dividend, and appointing a director retiring by rotation.

R M Drip and Sprinklers Systems Ltd announced that its Board of Directors met on September 2, 2026. The board approved the draft Directors' Report and the Notice for the Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM is scheduled for September 30, 2026, to be held via Video Conferencing/Other Audio-Visual Means. The book closure period is fixed from September 24 to September 30, 2026, with September 23, 2026, set as the cut-off date for voting eligibility. The appointment of M/s. Nuren Lodaya & Associates as Scrutinizer was also approved.