Dhani Services Limited has informed the Exchange regarding 'Pronouncement of Final Order by the Hon ble National Company Law Tribunal, Chandigarh Bench approving the Scheme of Arrangement.'.
Awaiting price reaction for this filing.
The NCLT Chandigarh Bench has pronounced its final order on August 29, 2025, approving a composite Scheme of Arrangement involving Dhani Services Limited. Under the scheme, Dhani Services and 16 other companies (Indiabulls Enterprises, several wholly-owned subsidiaries, and entities like Indiabulls General Insurance and Life Insurance) will be amalgamated into Yaari Digital Integrated Services Limited, with all amalgamating companies standing dissolved. Additionally, the real estate business of India Land Hotels Mumbai Private Limited will be demerged into Indiabulls Pharmacare Limited, with shares of Yaari Digital issued to the demerged company's shareholders. The scheme was approved by shareholders with over 99.6% votes in favour. The appointed date is April 1, 2023, and the scheme will become effective once the certified copy of the order is filed with the Registrar of Companies.
Dhani Services Limited will cease to exist as a separate entity and its shareholders will receive shares of Yaari Digital Integrated Services Limited in exchange. This is a major group restructuring that consolidates multiple Indiabulls-group entities under Yaari Digital, which may impact stock liquidity and require shareholders to monitor the share swap ratio and record date once announced.