2x Reward For Shareholders! 3:2 Bonus Shares, 1:2 Stock Split Declared; Record Date & Trading Guide Inside

A firm listed on the BSE/NSE, Navkar Urbanstructure Limited was earlier known as Navkar Builders Limited. With more than 27 years of extensive multidisciplinary expertise, Navkar Urbanstructure Limited has designed and implemented difficult projects like sewage treatment plants and pumping stations, drinking water and sewage transmission pipelines of different diameters, commercial and industrial projects and opulent residential bungalows, among others. On Friday, the shares of Navkar Urbanstructure ended at a 5.05% lower circuit limit at Rs 16.36 per share with a market cap of Rs 367.15Cr on NSE.

Navkar Urbanstructure Bonus Shares

The Board of Directors of the company at its meeting held on Friday, March 07, 2025 has inter alia considered and approved, "Issue of Bonus Shares in the ratio of 3:2 i.e. 3 (Three) new Bonus Equity Shares of Rs. 2/- each for every 2 (Two) existing Equity Share of Rs. 2/- each fully paid up held as on the Record Date, subject to approval of the members of the Company," said Navkar Urbanstructure in a stock exchange filing.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has fixed Record Date for reckoning eligible Members of the Company entitled to receive bonus shares as Friday, March 21, 2025. The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares," Navkar Urbanstructure further informed stock exchanges.

Authorized Share Capital of The Company

The Board also approved "Increase in the Authorized Share Capital of the Company from Rs. 50,00,00,000 (Rupees Fifty Crore only) divided into 25,00,00,000 (Twenty- Five Crore) Equity Shares of Rs. 2 each to Rs. 113,00,00,000 (Rupees One Hundred Thirteen Crores only) divided into 56,50,00,000 (Fifty-Six Crores and Fifty Lakhs) Equity Shares of Rs. 2 each by creating additional 63,00,00,000 (Sixty-Three Crores) Equity Shares of Rs. 2 each, subject to the approval of the members of the Company," said Navkar Urbanstructure in a regulatory filing.

Navkar Urbanstructure Stock Split

"Subject to the approval of the members of the Company, the Board has considered, approved and recommended for Sub-division of Company's 1 (One) Equity Share of Face Value of Rs. 2/- each into 2 (Two) Equity Shares of Face Value of Re. 1/- each. The Record Date for Sub Division/ Stock Split shall be intimated in due course after taking approval of the Equity Shareholders of the Company," Navkar Urbanstructure further informed stock exchanges.

Navkar Urbanstructure Share Price Target

"Navkar Urbanstructure stock price is bearish on the Daily charts with strong resistance at 17.6. A Daily close below support of 15.5 could lead to a target of 14 in the near term," as per A R Ramachandran, Independent Research Analyst.

Disclaimer

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