Penny stock below Rs 5, hit 13 consecutive lower circuits; Board likely to raise funds via rights issue of shares

DSIJ Intelligence-1 / 08 Oct 2025/ Categories: Penny Stocks, Trending

Penny stock below Rs 5, hit 13 consecutive lower circuits; Board likely to raise funds via rights issue of shares

The stock is up by 50 per cent from its 52-week low of Rs 1.53 per share.

Navkar Urbanstructure Limited, formerly Navkar Builders Limited, informed that a meeting of the Board of Directors of the company is scheduled to be held on Wednesday, October 15, 2025, inter alia, to consider the following:

  1. To increase the authorised share capital of the Company from Rs 1,13,00,00,000 divided into 1,13,00,00,000 shares having a face value of Re 1 to Rs 1,63,00,00,000 divided into 1,63,00,00,000 shares having a face value of Re 1.
  2. The proposal of raising of funds by issue of equity shares to the eligible equity shareholders on Rights basis, in accordance with the companies Act, 2013 and the rules framed thereunder' the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2018 as amended and other applicable laws, subject to such regulatory/ statutory approvals, as may be required.
  3. To fix the day, date, time and venue of an extraordinary general meeting of the Company to approve the above-mentioned agendas.
  4. Any other business with the permission of the chair.
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Navkar Urbanstructure Ltd, founded in 1992, focuses on infrastructure Construction and development, including RCC and RMC pipes. This Shah family enterprise, previously Navkar Builders Limited, specialises in designing and executing projects like sewage treatment plants, pumping stations, water pipelines, industrial and commercial buildings, and luxury homes. Their expertise covers structural design, project management, procurement, and construction, including electrical and mechanical work for sewage treatment. Registered as an AA class contractor with the Government of Gujarat, they handle projects for government and private clients and manufacture RCC Hume Pipes and RMC.

The stock is trading under Rs 5 per share with a market cap of over Rs 250 crore. The stock has been hitting Lower Circuits for 13 straight trading sessions. The stock is up by 50 per cent from its 52-week low of Rs 1.53 per share.

Disclaimer: The article is for informational purposes only and not investment advice.