Narmada Macplast Drip Irrigation Systems Ltd — Important, 23-01-2026: Company Update

Narmada Macplast Drip Irrigation Systems' board has approved a strategic move to acquire a 51% stake in GSK Industries Private Limited for approximately Rs 36.46 Cr. This acquisition, expected to complete in 10-12 months, aims to broaden Narmada's manufacturing portfolio beyond drip irrigation into related HDPE, MDPE, and valve segments. GSK Industries reported revenues of 59.21 Cr, 97.44 Cr, and 106.66 Cr over the last three fiscal years. This horizontal integration is designed to enhance market presence, streamline supply chains, and access new distribution networks, aligning with a planned update to Narmada's main business objectives.