Indiabulls Limited has informed the Exchange regarding 'Report of Independent Directors and Audit Committee of Board of Directors of Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) [ the Company ], pursuant to Scheme of Arrangement and SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023 ( SEBI Master Circular ), as amended.'.
IBULLSLTD · price
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Indiabulls Limited has filed a compliance report confirming the completion of payments related to fractional shares under its NCLT-approved Scheme of Arrangement, which became effective on October 14, 2025. The scheme involved the amalgamation of 17 entities (including Dhani Services and Indiabulls Enterprises) and the demerger of India Land Hotels Mumbai Private Limited into the company. On November 4, 2025, the company allotted 222,39,39,879 fully paid-up equity shares of Rs. 2 face value to eligible shareholders at agreed swap ratios (294:100 for Dhani Services fully paid shares, 110:100 for Indiabulls Enterprises, and 322:1 for India Land Hotels Mumbai). For fractional entitlements, 89,950 consolidated shares were sold in the secondary market on January 20, 2026, and net proceeds of Rs. 11,47,334.63 were distributed to eligible shareholders on March 10, 2026.
This is a routine post-implementation compliance filing that closes the loop on shareholder compensation for fractional entitlements under the scheme. No material impact on stock price is expected; the scheme has already been fully implemented with shares listed since December 26, 2025.