As advised by BSE, Results of NCLT Meeting held on March 29, 2025 submitted on March 30, 2025 are being uploaded without KYC document of witnesses mentioned in Scrutinizer''s Report.
Awaiting price reaction for this filing.
Dhani Services Ltd submitted the voting results of the NCLT-convened meeting of equity shareholders held on March 29, 2025, which approved the Scheme of Arrangement with overwhelming support. Out of 31.50 crore valid votes polled (51.47% of total equity), 99.67% voted in favour, with only 0.33% voting against. Promoters voted 100% in favour, public institutions 98.27% in favour, and public non-institutions nearly 100% in favour. The scheme involves amalgamation of around 17 Indiabulls group entities (including Dhani Services, Indiabulls Enterprises, and several subsidiaries) into Yaari Digital Integrated Services Ltd, along with a demerger of India Land Hotels Mumbai Pvt Ltd into Indiabulls Pharmacare Ltd. The filing was uploaded without KYC documents of the scrutinizer's witnesses as advised by BSE.
Shareholders have cleared the restructuring, paving the way for NCLT's final sanction. If approved by the tribunal, this consolidation will simplify the Indiabulls group structure but may also dilute or restructure holdings in Dhani Services depending on the swap ratio, which has not been detailed here.