Double Delight For Shareholders: 1:1 Bonus Issue & 1:5 Stock Split Unlocked By This Stock; Time To Buy?

The company Narmada Macplast Drip Irrigation Systems Ltd. produces garden hose pipes, Krishi hose pipes, and rigid PVC pipes under the "NARMADA" brand. In addition, the company works in government supplies, import-export, plastic products and raw material consulting, and liaison. Following the Board of Directors' double surprise for shareholders with a 1:1 bonus issue and a 1:5 stock split, Narmada Macplast Drip Irrigation Systems' shares closed Tuesday's trading session on the BSE 1.38% higher at Rs 213.75 per share, with a market capitalization of Rs 77.44 Cr.

Narmada Macplast Drip Irrigation Systems Bonus Shares

At meeting of Board of Directors of the company held on Monday, 28th July, 2025, "The Board has considered and approved issue of Bonus Shares in the ratio of 1:1 (One bonus equity shares for every one equity share) to the eligible equity shareholders of the Company as on the proposed record date which will be declared in due course, subject to the approval of Equity Shareholders of the Company," said Narmada Macplast Drip Irrigation Systems in a stock exchange filing.

36,23,000 equity shares of Rs. 10/- each, amounting to Rs. 3,62,30,000/- will be issued as a total number of bonus shares to the eligible shareholders.

The pre-bonus issue share capital of the company as of the announcement date was 36,23,000 equity shares of Re. 10/- each fully paid up aggregating to a share capital of Rs. 3,62,30,000, whereas the post-bonus issue share capital of Narmada Macplast Drip Irrigation Systems will be 72,46,000 equity shares of Re. 10/- each fully paid up, aggregating to a share capital of Rs. 7,24,60,000/-.

Narmada Macplast Drip Irrigation Systems Stock Split

"The Board has considered and approved Sub-division/ split of the existing Equity Shares of the Company, such that, each Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, be sub-divided/ split into such number of Equity Shares having face value of Rs. 2 (Rupees Two only) each fully paid-up, subject to the approval of Equity Shareholders of the Company. The record date for reckoning the eligible shareholders and date for approval of shareholders of the company will be communicated in due course of time," confirmed Narmada Macplast Drip Irrigation Systems in a regulatory filing on 28th July.

Narmada Macplast Drip Irrigation Systems Target Price

"Narmada Macplast stock price is bullish & also overbought on the Daily charts with next resistance at 220. Investors should be booking profits at current levels as a Daily close below support of 208 could lead to a target of 180 in the near term," commented A R Ramachandran, independent research analyst.

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