Navkar Corporation has received green signal from NCLT, for amalgamation of Navkar Terminals with the company. Navkar Terminals is the wholly owned subsidiary of the company.

Navkar Corporation has informed exchanges that the National Company Law Tribunal, Mumbai Bench (NCLT), on March 28, has sanctioned the Scheme of Amalgamation of Navkar Terminals into Navkar Corporation and their respective shareholders.

Furthermore, Navkar Terminals has received approval from  the Western Railway, on March 28, for opening of green field PFT Terminal, at Tumb served by Sanjan Station of BCT – Division with immediate effect.

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