Board Meeting18 Sept 2026, 04:50 pm
Navkar Urbanstructure Board Seeks Shareholder Approval for Slump Sale
AI Summary
Navkar Urbanstructure Ltd announced that its Board of Directors, in a meeting held on September 18, 2026, decided to seek shareholder approval for a Business Transfer Agreement (Slump Sale) with M/s ] and M Enterprises. This transaction was initially approved by the Board on August 12, 2026. An addendum to the Notice of the 34th Annual General Meeting (AGM) will be issued to include a special resolution for this slump sale, requiring shareholder approval under Section 180(1)(a) of the Companies Act, 2013. The board meeting commenced at 3:00 PM and concluded at 4:30 PM.
Key Highlights
- Board decided to seek shareholder approval for a slump sale.
- Transaction involves a Business Transfer Agreement with M/s ] and M Enterprises.
- Shareholder approval to be sought at the upcoming Annual General Meeting.
- Special resolution required under Section 180(1)(a) of the Companies Act, 2013.
Price Impact
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