RM Drip and Sprinklers System Share price

The Company was started as a registered Partnership firm and was carrying on business in the name and style of M/s. J.K. Industries‘ pursuant to a partnership deed dated September 16 1994 with Vijaykumar Kshirsagar and Jugalkishor Rach as initial partners to the agreement. Subsequently Shubhangi Kshirsagar and Rahul Kshirsagar were admitted as partners and Jugalkishor Rach retired from the Partnership firm pursuant to a supplementary Deed dated October 13 1997.M/s. J.K. Industries‘ was thereafter converted to a Private Limited Company under Part IX of the Companies Act 1956 with the name of R M Drip and Sprinklers Systems Private Limited and received a Certificate of Incorporation issued by Registrar of Companies Mumbai Maharashtra on December 20 2004 bearing Corporate Identification No. U27200MH2004PTC150101. Arjun Makani Lilaben Makani Nivrutti Kedar and Surekha Kedar joined The company and were allotted shares on October 13 2014. . Subsequently it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on April 28 2017 and the name of the Company was changed to R M Drip and Sprinklers Systems Limited and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated June 27 2017 was issued by Registrar of Companies Mumbai Maharashtra.The Corporate Identification Number of the Company is U27200MH2004PLC150101.Vijaykumar Kshirsagar Shubhangi Kshirsagar Arjun Makani Lilaben Makani Nivrutti Kedar and Surekha Kedar are the promoters of the Company.Vijaykumar Kshirsagar and Shubhangi Kshirsagar were the initial subscribers to the Memorandum of Association of The Company. Vijaykumar Kshirsagar and Shubhangi Kshirsagar were allotted shares on December 20 2004. The details in this regard have been disclosed in the chapter titled Capital Structure beginning on page 74 of this Draft Red Herring Prospectus.The Company is engaged in the business of manufacture and sale of Micro Irrigation System (MIS) consisting of Drip Irrigation System and Sprinkler Irrigation System its components irrigation accessories and allied products.KEY EVENTS AND MILESTONES:2004- Incorporation of Company2016- Appointed as a registered MIS supplier in the state of Gujarat by Gujarat Green Revolution Company    Limited- Issuance of License by Bureau of Indian Standards2017- Conversion from Private Company to Public