Held on 30 March 2017
Navkar Corporation announced that the Board of Directors of the Company at its meeting held on 30 March 2017 has transacted the following -Approved the Scheme of Amalgamation of Navkar Terminals (transferor company) into Navkar Corporation (transferee company).
Took on record Independent Valuation Report submitted by M/s Thadani & Company,and Fairness Opinion issued by M/s Choice Capital Advisors, SEBI registered Category I Merchant Bankers.
Recommended and approved, subject to the approval of the shareholders, to vary the terms of the objects as stated in the prospectus dated 29 August 2015 issued by the Company in relation to its initial public offering and approved the Notice of Postal Ballot.
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