As advised by BSE, Result 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.
IBULLSLTD · price
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Yaari Digital Integrated Services Limited (BSE: 533520) held an NCLT-convened meeting of equity shareholders on March 29, 2025, via video conferencing, to seek approval for a major Scheme of Arrangement. The scheme involves the amalgamation of 17 entities (including Dhani Services, Indiabulls Enterprises, Indiabulls General Insurance, Indiabulls Life Insurance, Indiabulls Consumer Products, and Indiabulls Infra Resources) and the demerger of India Land Hotels Mumbai Private Limited into Yaari Digital. Shareholders approved the resolution with an overwhelming 99.996% majority in favor (190 out of 197 voting shareholders), including 99.99% approval from public shareholders. Only 1,606 votes were cast against the resolution out of 4,41,57,104 valid votes. The result was submitted to BSE on March 30, 2025, without KYC documents of the two witnesses mentioned in the scrutinizer's report, as advised by the exchange.
This is a key milestone in a large corporate restructuring exercise for the Indiabulls group. With shareholder approval secured, the scheme now awaits NCLT sanction for final implementation. If approved, it will significantly consolidate multiple group entities into Yaari Digital, potentially reshaping the company's business profile and shareholder structure. Shareholders should watch for the next NCLT hearing date and the final sanction order.