Navkar Urbanstructure Sells UNIT-1 for ₹1 Lakh

Navkar Urbanstructure Limited has entered into a Business Transfer Agreement to sell its specified business undertaking, UNIT-1 (Pipe Division), to J and M Enterprises on a slump sale basis. The transaction, dated August 12, 2026, is expected to be completed by October 11, 2026. UNIT-1, which contributed NIL revenue and had a net worth of ₹9.62 crore in FY 2025-26, was primarily used for sewage pipeline and water supply works. The company states the plant is no longer required for ongoing operations and its relocation is not commercially viable. The sale consideration is ₹1,00,000. The transaction is not a Related Party Transaction and does not involve any change in shareholding or control.