Yaari Digital Integrated 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.'.
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The NCLT Chandigarh Bench pronounced its final order on August 29, 2025, approving a composite Scheme of Arrangement within the Indiabulls group. Under this scheme, 17 amalgamating companies — including listed entities Dhani Services Limited and Indiabulls Enterprises Limited, along with 15 unlisted subsidiaries — will merge into Yaari Digital Integrated Services Limited. Additionally, the real estate business undertaking of India Land Hotels Mumbai Private Limited will demerge into Indiabulls Pharmacare Limited, with Yaari Digital shares issued to shareholders of the demerged entity. Equity shareholders of the key petitioner companies approved the scheme with overwhelming majorities ranging from 99.663% to 100%. The scheme will become effective only after the certified copy of the NCLT order is filed with the Registrar of Companies.
Once effective, the merger will consolidate the listed Indiabulls group entities into Yaari Digital, simplifying the group structure and potentially affecting shareholding patterns and liquidity. Shareholders of Dhani Services and Indiabulls Enterprises will receive Yaari Digital shares as consideration, while existing Yaari Digital investors may see dilution from the share issuance to demerged company shareholders.