Navkar Corporation Ltd was formed pursuant to the conversion of a partnership firm, M/s Navkar Infra and Logistics Corporation, into a joint stock company under Part IX of the Companies Act, 1956. The Partnership Firm was constituted by a partnership deed dated July 7, 2007, In financial year 2008, the partners of the Partnership Firm passed a resolution dated July 1, 2008 to carry out the business of the Partnership Firm through a company limited by shares. Pursuant to the partnership deed, upon the conversion of the Partnership Firm into a joint stock company. Consequently, the company was formally created and deployed as a legal entity as `Navkar Corporation Limited` on September 29, 2008 as a public limited and joint stock company under Part IX of Companies Act, 1956 with the RoC. Our Company received the certificate for commencement of business on September 30, 2008.

Navkar Corporation is a CFS (container service Operator) operator in India with three CFSs, Ajivali CFS I and Ajivali CFS II at Ajivali and Somathane CFS at Somathane, which are strategically located in Panvel, Maharashtra, in close proximity to the JN Port, the largest container port in India. The company have a private railway freight terminal ("PFT") which allows us to load and unload cargo from container trains operating between our Somathane CFS and the JN Port and to transport domestic cargo to and from inland destinations on the Indian rail network. The company can handle cargo at controlled temperatures at our temperature controlled chamber and through the 92 Reefer plug points at our CFSs. The company is also certified to handle hazardous cargo at the Ajivali CFS II and the Somathane CFS. The Company provide cargo storage facilities at our CFSs which include a buffer yard and warehouses for the storage of cargo. The company also offer services such as packing, labelling/bar-coding, palletizing, fumigation and other related activities at the warehouses and also customize the making availables to the customers. warehouses are spread over an aggregate area of 500,000 sq. ft., which includes a bonded warehouse of 60,782 sq. ft. and an area of 118,000 sq. ft. designated for the consolidation of less than container load ("LCL")ccontainers. The companies CFSs also have a customs facility for the examination and clearing of cargo and our Somathane CFS has a unit for the inspection and approval of agricultural cargo created and deployed by the plant and quarantine authorities of the Ministry of Agriculture, Government of India. The company also provide services for the repair and maintenance of containers and the storage of empty containers at our CFSs.