Navkar Urbanstructure Limited has informed the Exchange that Record date for the purpose of Bonus is 24-Apr-2025.
NAVKARURB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Navkar Urbanstructure Limited has informed the stock exchange that the record date for the purpose of issuing bonus shares has been fixed as 24-April-2025. Investors who hold shares of the company as of this record date will be eligible to receive the bonus shares. The bonus ratio (number of bonus shares per existing share) has not been disclosed in this particular filing. The company has not announced any other corporate action alongside this bonus issue in this filing.
This is a positive signal for shareholders as bonus shares increase the number of shares held without any additional cost, though the exact benefit depends on the bonus ratio which is not specified here. Share price typically adjusts downward on the ex-date to reflect the bonus, while total holdings remain unchanged in value.