Get Ready For 3:2 Bonus Shares! Eligibility Cutoff Set For April 24 – A Penny Stock To Buy Below Rs 15?

A firm listed on the BSE, Navkar Urbanstructure Limited was earlier known as Navkar Builders Limited. With more than 27 years of extensive multidisciplinary experience, Navkar Urbanstructure Limited (formerly Navkar Builders 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. Following the Board's announcement of the record date for bonus shares, Navkar Urbanstructure's shares closed Thursday's trading session on the BSE 1.30% higher at Rs 14.00 per share, with a market capitalization of Rs 314.19Cr.

Navkar Urbanstructure Bonus Share Record Date

"This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Company has fixed Thursday, April 24, 2025 as the "Record Date" for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Equity Shares in the ratio of 3:2 (i.e. issue of 3 (Three) new fully paid-up equity share for every existing 2(Two) existing fully paid-up equity shares held of Rs. 2/- as on the abovementioned record date.)," said Navkar Urbanstructure in a stock exchange filing on Thursday.

"Further pursuant to the SEBI Circular No. SEBI CIR/CFD/POD/2024/122 dated 16th September 2024, we wish to inform you that the deemed date of allotment would be Friday, April 25, 2025 (T+1 Day) for allotment of 33,66,28,500 fully paid-up Bonus Equity Shares of Rs. 2/- each in the proportion of 3:2 i.e. 3 (Three) new fully paid-up equity share of Rs. 2/- (Rupees Two only) for every 2 (Two) existing fully paid-up equity share of Rs. 2/- (Rupees Two only) to the eligible shareholders as on the record date," Navkar Urbanstructure further informed stock exchanges.

Navkar Urbanstructure Financials

When compared to the same quarter last year, Navkar Urbanstructure Ltd.'s standalone financial performance for the quarter ending December 31, 2024, showed notable growth. The company's net income increased by 48.2% from Rs 5.81 million in Q3FY24 to Rs 8.61 million in Q3FY25. In the December 2024 quarter, the company's net profit was Rs 0.91 million, up 7.1% year over year from Rs 0.85 million in the December 2023 quarter. At Rs 0.04 per share, the company's earnings per share stayed steady.​ Navkar Urbanstructure is yet to declare its Q4FY25 results.

Navkar Urbanstructure Share Price Target

"Navkar Urban structure stock price is slightly bullish on the Daily charts with strong support at 13.09. A Daily close above resistance of 14.15 could lead to a target of 15.6 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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