Expo Engineering Approves Merger Scheme Amendment

Expo Engineering and Projects Ltd. announced that its Board of Directors has approved an amendment to the Draft Scheme of Merger by Absorption of Expo Project Engineering Services Private Limited. The amendment primarily concerns a revision in the Share Exchange Ratio, now set at 14:1. This revised ratio, along with addendums to the Valuation Report and Fairness Opinion, was recommended by the Audit Committee and Committee of Independent Directors before board approval. The scheme is subject to approvals from BSE, SEBI, NCLT, and other relevant authorities.