Navkar to sell UNIT-1 Pipe Division as slump sale for Rs 1 lakh

Core Business DivestedStrategic Transactions View source PDF Explain this filing

NAVKARURB · price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.2% vs market

Civil Construction peers, median of 100sector-0.1%+0.1% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.1 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.

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AI summary

Navkar Urbanstructure has signed a Business Transfer Agreement to sell UNIT-1 (Pipe Division) to J and M Enterprises on slump sale basis for Rs 1 lakh. UNIT-1 contributed 0% revenue and 6% of net worth (Rs 9.62 crore). The captive plant used for sewage and water supply works in Gujarat is no longer needed as those projects are completed. Expected to close by October 11, 2026, subject to shareholder and regulatory approvals. Buyer is not a related party.

Likely market impact

Minor asset rationalization of a non-revenue plant for negligible consideration. Minimal financial impact on shareholders expected.