Navkar Urbanstructure has confirmed that the company has received in-principal approval for Issue of 336628500 bonus equity shares from BSE dated April 21, 2025. They clarified that the bonus shares were issued in the ratio of 3:2. During the process, fractional entitlements resulting from the bonus ratio were rounded down to the nearest lower integer for each shareholder. This method of rounding off led to a cumulative reduction of 2,289 shares in the total allotment compared to the quantity permitted by BSE/NSE. They confirmed that this adjustment was necessary to ensure that no fractional shares were allotted and to maintain consistency in the corporate action. So, it hereby confirmed that 33,66,26,211 bonus.
The above information is a part of company’s filings submitted to BSE.
