Expo Engineering Board Approves Merger Scheme

Expo Engineering and Projects Ltd. announced that its Board of Directors has approved the Draft Scheme of Merger by Absorption. The scheme involves the absorption of Expo Project Engineering Services Private Limited ('EP') by Expo Engineering and Projects Limited ('EEAPL'). This decision was made based on recommendations from the Audit Committee and Committee of Independent Directors. The merger is subject to approvals from BSE Limited, SEBI, NCLT, and other relevant authorities. The transaction is considered to be at arm's length, with an Independent Valuation Report and Fairness Opinion obtained.