Divestment18 Sept 2026, 05:10 pm
Navkar Urbanstructure to sell Pipe Unit for ₹1 Lakh
AI Summary
Navkar Urbanstructure Limited has issued an addendum to its AGM notice, proposing the sale of its UNIT-1 (Pipe Division) via slump sale for ₹1,00,000. The unit, located in Gujarat, was established as a captive plant for sewage pipeline projects which are now substantially completed. The company deems the unit economically unviable due to negligible demand and operational revenue. The sale aims to optimize operational resources and unlock asset value. The transaction is subject to member approval at the upcoming AGM on September 30, 2026, and will be conducted as a special business item.
Key Highlights
- Navkar Urbanstructure proposes selling its Pipe Unit (UNIT-1) via slump sale.
- The sale consideration is ₹1,00,000, based on a valuer's report.
- The unit is no longer generating operational revenue due to project completion.
- The divestment aims to optimize company resources and unlock asset value.
- Member approval is required at the upcoming AGM on September 30, 2026.
Price Impact
More from NAVKARURB