R M Drip & Sprinklers Systems Revises Bonus Shares Record Date to 10 April 2026

R M Drip & Sprinklers Systems Ltd. changed the record date for its bonus shares plan. The company said eligibility will now be checked on 10th April 2026. The earlier record date was 07th April 2026. The update came through a stock exchange filing from the Nashik-based micro-irrigation maker.

The bonus issue proposal sets a 5:7 ratio for existing shareholders. That means five new shares for every seven held. Each equity share has a face value of Rs.1. The plan still needs member approval by postal ballot. Statutory and regulatory clearances also apply, where required.

"The revised Record Date for determining the entitlement of members to receive the aforesaid Bonus Equity Shares shall be 10th April 2026 (T Day). The deemed date of allotment of the Bonus Equity Shares shall be the next working day following the Record Date, i.e., 13th April 2026," confirmed R M Drip & Sprinklers Systems in a stock exchange filing.

The key dates are outlined below for easier tracking. These dates relate only to the bonus shares process. Investors typically use the record date to check eligibility. The allotment date is the deemed date mentioned by the company.

Event	Date
Earlier record date	07th April 2026
Revised record date	10th April 2026
Deemed date of allotment	13th April 2026

The Board of Directors "Approved the issuance of bonus equity shares in the ratio of 5:7, i.e., 5 (Five) new fully paid-up Equity Shares of Rs.1/- (Rupee One only) each for every 7 (Seven) existing fully paid-up Equity Shares of Rs.1/- (Rupee One only) each, held by the Members of the Company as on the Record Date (mentioned below), subject to approval of the Members through Postal Ballot and receipt of requisite statutory and regulatory approvals, as applicable," R M Drip & Sprinklers had informed to stock exchanges on 28th February 2026.

The company planned to issue 17,84,28,571 bonus equity shares. The total value of the issue is Rs. 17,84,28,571. It said retained earnings and free reserves will fund the same amount. The firm expected share credit by 27th April 2026. This timeline was within two months of board approval.

R M Drip & Sprinklers Systems bonus shares target price view

"R M Drip stock price is bearish and oversold with next support at 33.7 on the Daily charts. Investors should buy only if Daily close is above resistance of 44.24 could lead to a target of 57 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

R M Drip & Sprinklers Systems started in 2004 as a private company. It is now publicly traded. The manufacturer operates from Nashik. It focuses on micro-irrigation products like pipes, sprinklers, and drip systems. The corporate action discussed here relates only to the announced bonus shares plan.

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R M Drip & Sprinklers Systems revised the bonus shares record date to 10th April 2026. The deemed allotment date was set as 13th April 2026. The bonus issue ratio remained 5:7, subject to approvals. The company outlined funding from reserves and set 27th April 2026 for expected credit.