Navkar Corporation Limited — Important, 21-03-2025: Updates

Navkar Corporation has communicated the withdrawal of Late Sairabai J Mehta's name from its reclassification application to the National Stock Exchange. Following her passing and the completion of the share transmission process, she no longer qualifies as a promoter under the applicable regulations. The company had previously sought to reclassify certain entities from the 'Promoter and Promoter Group' to 'Public' category. This update indicates a shift in the shareholder structure, which could impact future governance and strategic decisions. Investors should monitor this development closely as it might reflect broader changes within the company’s management structure.