Authorised capital raised; proposed rights issue to be re-evaluated

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NAVKARURB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹2.23

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+0.8% vs market

Civil Construction peers, median of 95sector-0.1%+1.4% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.5+0.8-0.1+1.4

Next day

-0.9+0.0-0.9-0.9+0.0

-3.1+1.0-4.2-0.8-2.3

-1.3+2.1-3.4+0.2-1.5

+0.4+1.6-1.1-0.1+0.6

+2.2+1.2+1.0-0.6+2.9

+10.3+1.9+8.4-0.8+11.1

15d

-7.6+0.4-8.0-2.8-4.8

-18.8+1.5-20.3-3.2-15.7

-33.6-4.4-29.2-9.7-23.9

-25.1-7.2-17.9-13.5-11.7

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 95Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board increased authorised share capital from Rs 11.30 crore to Rs 16.30 crore, covering 16.30 crore shares of Re 1 each. It will re-evaluate a proposed rights issue to raise funds and approved a postal ballot notice, with e-voting from October 18 to November 17, 2025.

Likely market impact

The larger capital limit creates room for equity fundraising. A rights issue could dilute existing shareholders, but pricing and other terms remain undecided.