3:2 Bonus Shares: Record Date Postponed; Should You Panic, Hold, Or Buy More?

On June 2, 1992, Navkar Urbanstructure was first established in the State of Gujarat as Navkar Builders Private Ltd., with the primary goal of conducting construction work. This BSE-listed business has over 27 years of extensive, diversified expertise in planning and carrying out difficult construction projects. On Thursday, the shares of Navkar Urbanstructure ended 0.95% higher on the BSE at Rs 14.95 per share with a market cap of Rs 335.51 Cr after the Board postponed the record date for 3:2 bonus shares.

Navkar Urbanstructure Bonus Shares

"In order to reward the shareholders for their loyalty and investment in the Company, the Company in its Board Meeting held on March 07, 2025 approved and recommended issue of Bonus Equity Shares in the ratio of 3:2, subject to the consent of the Members of the Company i.e. 3 (Three) new fully paid-up equity share of Rs.2/- each be issued for every 2 (Two) existing fully paid-up equity share of Rs. 2/- each held by members whose names appear on the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on such date ("Record Date") to be fixed by the Board of Directors of the Company (which shall include any Committee thereof) in this regard for allotment of shares, aggregating to Rs. 67,32,57,000/- (Rupees Sixty Seven Crores Thirty Two Lakhs Fifty Seven Thousand) divided into 33,66,28,500 (Thirty Three Crores Sixty Six Lakhs Twenty Eight Thousand Five Hundred only) Equity Shares of face value of Rs. 2/- (Rupees Two only) each," said Navkar Urbanstructure in a stock exchange filing.

"Post issue of Bonus Shares, the Issued and Paid-up Equity Share Capital of the Company will be Rs.112,20,95,000/- (Rupees One Hundred and Twelve Crore Twenty Lakhs Ninety Five Thousand only) divided into 56,10,47,500 (Fifty-Six Crores Ten Lakhs Forty- Seven Thousand Five Hundred) of Rs.2/-(Rupees Two Only)," the company further informed stock exchanges.

Navkar Urbanstructure Bonus Issue Record Date

"With reference to our earlier intimation dated Friday, March 07,2025 about Fixing the Record Date for the purpose of bonus issue of shares would be March 21,2025. In continuation to this, now it has been decided to cancel and withdraw the said record date and new record date would be fixed by the Board of Directors of the company(which shall include any committee thereof) after the completion of Extra-ordinary General Meeting("EcM") to be held on 7th April, 2025," Navkar Urbanstructure said in a regulatory filing on Thursday.

Navkar Urbanstructure Stock Split

"Equity Shares of the Company are listed on BSE and NSE Limited. In order to improve the liquidity of the Company's Share and to make it more affordable for small investors and retail investors as also to broaden the small investors base, the Board of Directors of the Company, at its Meeting held on March 07, 2025 has recommended to sub-divide (split) the nominal/face value of each Equity Share having a present value of Rs. 2/- (Rupees Two Only) each into 2 (Two) Equity Shares of face value of Rs. 1/- (Rupees One Only) each, subject to approval of the Members. The Articles of Association of the Company permits sub-division of Shares. Upon sub-division/split of equity shares as aforesaid and with effect from the Record Date: a) For the equity shares held in physical form, the existing share certificate(s) in relation to the said equity shares, shall be deemed to have been automatically cancelled and shall be of no effect and the Board, without requiring the Members to surrender their existing share certificate(s), shall credit such sub-divided/split Equity Shares to the Demat Suspense Account of the Company and on providing the details of Demat account, such sub-divided/split Equity Shares shall be credited proportionately to the concerned Demat account of the shareholder, in terms of applicable regulations, rules, guidelines and Circulars as may be issued from time to time in this regard. b) For the equity shares held in dematerialized form, the sub-divided/split equity shares shall be credited proportionately into the respective beneficiary Demat accounts of the Shareholders held with their depository participants, in lieu of the existing credits present in their respective beneficiary Demat accounts," Navkar Urbanstructure confirmed to BSE.

Navkar Urbanstructure Share Price Target

"Navkar Urban structure stock price is bearish on the Daily charts with strong resistance at 15. A Daily close below support of 14.25 could lead to a target of 12.5 in the near term," according to the analysis of A R Ramachandran, Independent Research Analyst.

Disclaimer

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