Navkar Urbanstructure Limited — Important, 25-04-2025: Updates
25-04-2025 | 04:20 pm
25-04-2025 | 04:20 pm
Navkar Urbanstructure Limited has clarified its approach regarding the treatment of fractional shares in the recent issuance of 33,66,26,211 bonus equity shares. The bonus shares were issued in a ratio of 3:2, but due to fractional entitlements, a total of 2,289 shares were rounded down to maintain a uniform share allotment. This adjustment ensures no fractional shares are distributed, aligning with corporate governance practices. The company received in-principal approval from NSE for the bonus issue, bolstering confidence in its operational decisions. Investors should note this completes a significant step in enhancing the share capital structure, maintaining a positive outlook for shareholder value.
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