Narmada Macplast Drip Irrigation Systems Ltd — Important, 02-03-2026: Company Update

Narmada Macplast Drip Irrigation Systems Limited (NARMP) has submitted a Draft Letter of Offer for a proposed Rights Issue. The company's Board has announced a meeting on 27th February, 2026, where the Rights Issue details were finalized. NARMP aims to raise up to Rs. 50.00 Cr, with proceeds allocated for the acquisition of equity shares in GSK Industries Private Limited (up to Rs. 37.00 Cr), incremental working capital needs (Rs. 3.00 Cr), and general corporate purposes. This capital raise supports NARMP's business in plastic products and irrigation systems, following the financial results for the quarter and nine months.