Navkar Builders Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has allotted 17,77,400 Warrants convertible into equal no of equity shares of Rs 10/- each at price of Rs 10/- each as determined by SEBI (Disclosure & Investor Protection) Guideline, 2000 on preferential basis for which the approval from shareholders has obtained in the EGM held on July 17, 2009.