The Company has informed that the Board of Directors of the Company has approved formation of a separate entity of which 99% of the initial shares will be held by Summit Alliance Port Limited, to own and operate transport fleet for carrying containers to and from CPA/Other Depots in the name and style of 'Container Transportation Services Limited' (CTSL), which will facilitate the uninterrupted efficient operation of the Company. Board has also resolved to extend support to CTSL in getting bank facilities to procure initially thirty prime Movers with same number of Trailers.