R M Drip & Sprinklers 22nd AGM: Audited FY26 Results Adopted, Final Dividend Declared, MD Re-appointed
R M Drip and Sprinklers Systems Limited's 22nd AGM on September 30, 2026, approved the audited financial statements for FY26 and declared a final dividend of ₹0.03 per share. The Managing Director, Atharva Nivrutti Kedar, was re-appointed. All resolutions passed with a significant majority.
The outcome of the AGM is positive for the company, with key resolutions being passed. The declaration of a dividend and the re-appointment of the Managing Director are material events, but the impact is considered medium as it reflects routine corporate governance and standard dividend payouts.
The company successfully passed all resolutions at its AGM, including the adoption of financial statements, declaration of dividend, and re-appointment of its Managing Director, indicating smooth governance and positive outcomes.
R M Drip and Sprinklers Systems Limited announced the voting results of its 22nd Annual General Meeting (AGM) held on Wednesday, September 30, 2026. The meeting, conducted through Video Conferencing (VC) / Other Audio-Visual Means (OA VM), saw the adoption of audited financial statements for the financial year ended March 31, 2026, along with the Directors' and Auditors' reports. The company also declared a final dividend of ₹0.03 per equity share of ₹1 each for the financial year ended March 31, 2026, as recommended by the Board of Directors. Additionally, Mr. Atharva Nivrutti Kedar, Managing Director, who retired by rotation and offered himself for re-appointment, was re-appointed. The resolutions were passed with the requisite majority. The AGM commenced at 2:04 P.M. (IST) and concluded at 2:32 P.M. (IST).
The Scrutinizer's Report confirmed that all three ordinary resolutions presented at the AGM were passed. For the adoption of financial statements and the declaration of dividend, 99.9999% of the votes cast were in favour. For the re-appointment of the Managing Director, after excluding the votes of interested members as a measure of abundant caution, the resolution was also passed with the required majority. The record date for determining voting rights was September 23, 2026. The total paid-up equity share capital as of the cut-off date was 42,82,08,106 equity shares.
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R M Drip and Sprinklers Systems Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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