Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to intimate that, Board of Directors of Navkar Corporation Limited ('The Company') have, at their meeting held today i.e. on 07th day of October, 2022 which commenced at 12:00 Noon and concluded at 01:00 pm, approved the transfer of its title, rights, interest and ownership of Movable Assets as described in the enclosed Annexure-I for a total consideration amount of Rs. 1,73,96,99,114/- (Rupees One Hundred Seventy Three Crore Ninety Six Lakhs Ninety Nine Thousand One Hundred Fourteen Rupees only) (including applicable taxes) to Adani Logistics Limited.