Outcome of the Board Meeting held on April 25,2025 - Allotment Bonus issue equity shares
NAVKARURB · price
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Navkar Urbanstructure Limited's board, at its meeting on April 25, 2025, approved the allotment of 33,66,26,211 bonus equity shares of Rs. 2 face value each. The bonus ratio is 3 new shares for every 2 existing shares held (1.5:1). The record date for eligibility was April 24, 2025. As a result, the company's paid-up equity capital rises from Rs. 44.88 crore (22.44 crore shares) to Rs. 1,12,20,90,422 (56.10 crore shares). Shareholders had already approved this bonus issue via postal ballot on April 7, 2025, and both NSE and BSE had given in-principle approvals in April 2025.
Eligible shareholders will see 1.5 additional shares credited for every share they held as of the record date. The total value of their holding does not change; however, the share price will adjust downward in proportion to the dilution. This signals capital consolidation by the company without affecting cash flows or fundamentals.