Kalpataru Limited has informed the Exchange about Scheme of Arrangement
KALPATARU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalpataru Limited's board has approved a Composite Scheme of Arrangement involving 6 entities. The scheme has two parts: (1) Demerger of the Korum Mall business from Kalpataru Retail Ventures Private Limited (KRVPL) into Kalpataru Properties (Thane) Private Limited (KPTPL), with a share exchange ratio of 1 preference share of KPTPL for every 100 equity shares of KRVPL; and (2) Amalgamation of KRVPL, Alder Residency, Kalpataru Residency, Ardour Developers, and Aspen Housing into Kalpataru Limited. All entities are wholly owned or step-down subsidiaries of Kalpataru Limited. The appointed date is 1st April 2026. No cash consideration is involved. The scheme aims to streamline the group structure, reduce legal entities, and unlock value by segregating the mall operations business.
Shareholders of Kalpataru Limited will see no change in their shareholding pattern. The restructuring consolidates subsidiaries into the parent company and creates a focused mall operations entity, which may improve operational efficiency and reduce compliance costs over time.