Expo Engineering Approves Amended EP Merger At 14:1 Exchange Ratio

Board approved amendment to absorption merger of Expo Project Engineering Services into the listed company, revising ratio to 14 shares of Rs4 for every 1 EP share of Rs10. Trims new issuance to 14 lakh shares versus earlier draft, lowering dilution; all go to promoters, raising promoter stake to 58% from 55.7%. Needs BSE/SEBI/NCLT nod. Public gets no allotment and dilutes to 42%; valuation basis, related-party pricing and timeline not detailed; merger completion and listing of new shares remain unresolved.