About R M Drip and Sprinklers Systems Limited

R M Drip and Sprinklers Systems Limited is a Nashik, Maharashtra-based public limited company that designs, manufactures, and supplies micro‑irrigation systems supporting Indian farmers. Incorporated on December 20, 2004, the company is ISI certified and focuses on producing high-quality sprinkler and drip irrigation systems. Its business model integrates manufacturing excellence, an in‑house testing facility, and application engineering to deliver robust irrigation systems known for reliability and precision. The company’s dual emphasis on product quality and farmer service underpins its ethos — “Born to Serve the Farming Community.”

R M Drip offers end‑to‑end micro‑irrigation solutions that include design consultancy, customised layout planning, and on‑site installation assistance. The dealer network spans Maharashtra, Madhya Pradesh, Gujarat, and Karnataka, and has recently extended to Uttar Pradesh, Bihar, and Jharkhand — strengthening its footprint in high‑potential agricultural states. The company supports modern irrigation needs through continuous product innovation and strict quality assurance, aiming for zero‑defect shipments prior to dispatch.

As of March 31, 2025, the company had one subsidiary, which was later divested, leaving it with no subsidiary by the date of the Board’s Report. The subsidiary had been acquired on June 26, 2023, with a 51.20% equity holding and contributed full‑year consolidated results before divestment. Importantly, FY 2025 also marked the company’s graduation to India’s main stock exchanges — its equity shares migrated from the SME (NSE Emerge) platform to the NSE Main Board and simultaneously listed on the BSE Main Board effective July 30, 2025 — a major milestone enhancing visibility, liquidity, and corporate governance scope.

Key Milestones of R M Drip and Sprinklers Systems Limited

• Incorporated on December 20, 2004, under the Companies Act, 1956.
• Built a dedicated in‑house testing facility for zero‑defect micro‑irrigation products.
• Expanded dealer network to new states, including Uttar Pradesh, Bihar, and Jharkhand.
• Acquired a 51.20% stake in a subsidiary on June 26, 2023; later divested, resulting in no subsidiary as of the Board Report date.
• Migrated from the SME (NSE Emerge) platform to the NSE Main Board and listed on the BSE Main Board effective July 30, 2025.
• Capital expansion underway with capital work‑in‑progress of Rs 149.34 lakh for construction and plant and machinery scheduled for completion by March 31, 2026.

R M Drip and Sprinklers Systems Limited Business Verticals

Business Verticals:

• Drip Irrigation Systems – Advanced solutions for water-efficient farming and targeted nutrient delivery.
• Sprinkler Systems – Modular systems engineered for uniform water distribution and durability.
• Custom System Design & Installation – End-to-end support for farmer-specific irrigation requirements.

Geographical Operations:

• Primary operations centred in Nashik, Maharashtra, with manufacturing and testing facilities co-located.
• Dealer and channel presence across Maharashtra, Madhya Pradesh, Gujarat, and Karnataka.
• Expanding into newer markets such as Uttar Pradesh, Bihar, and Jharkhand through distribution and installation partners.

R M Drip and Sprinklers Systems Limited Key Management

• Nivrutti Pandurang Kedar – Chairman and Managing Director
• Somnath Khanderao Date – Non‑Executive Non‑Independent Director
• Atharva Nivrutti Kedar – Non‑Executive Non‑Independent Director
• Hiren Surendra Makwana – Non‑Executive Independent Director
• Mayur Bhatt – Non‑Executive Independent Director
• Kavita Pandare – Non‑Executive Independent Director
• Kiran Ramdas Chavan – Chief Financial Officer
• Gracy Vijay Kale – Company Secretary & Compliance Officer

Latest Updates on R M Drip and Sprinklers Systems Limited

• Listing migration: The company migrated from the SME (NSE Emerge) platform to the NSE Main Board and also listed on the BSE Main Board effective July 30, 2025, strengthening its compliance and governance framework under main-board norms.
• Capital structure: As of March 31, 2025, paid-up equity capital stood at 2,49,80,000 shares of Rs 10 each, reflecting share-warrant conversions during the year. The Board subsequently approved a stock split (1:10) on August 22, 2025, subject to shareholder and statutory approvals.
• Subsidiary update: The company held one subsidiary as of March 31, 2025, which was sold thereafter, leaving no subsidiaries by the date of the Board Report. Consolidated accounts include the subsidiary’s financials for the reporting year.
• Capacity projects: Capital work‑in‑progress worth Rs 149.34 lakh was reported for construction and machinery additions, targeted for completion by March 31, 2026.
• Management changes: CFO transition from the previous incumbent to Kiran Chavan effective April 7, 2025; Company Secretary position assumed by Gracy Vijay Kale effective September 21, 2024.
• Audit and controls: Statutory auditors provided an unmodified opinion on the adequacy and operating effectiveness of internal financial controls as of March 31, 2025, with no pending litigations impacting financial results.