Further, the Company's wholly owned subsidiary i.e. Nauyaan Shipyard (Nauyaan) has received the possession of immovable property at Dahej, Gujarat from the Liquidator.

As regards the leasehold lands at Dahej Gujarat, the Liquidator (along with Nauyaan) are in the process of taking necessary steps with Gujarat Industrial Development Corporation and Gujarat Maritime Board for completion of substitution/ transfer formalities.