Please refer the attached intimation.
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 7 entities. The scheme has two parts: (1) Demerger of Korum Mall retail operations from Kalpataru Retail Ventures Private Limited (KRVPL) to 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 5 wholly-owned subsidiaries (KRVPL, Alder Residency, Kalpataru Residency, Ardour Developers, and Aspen Housing) into Kalpataru Limited. All entities are related parties (wholly-owned or step-down subsidiaries) but exempt from related party transaction rules. The appointed date is April 1, 2026, and the scheme requires NCLT approval. There will be no change in the shareholding pattern of Kalpataru Limited.
The restructuring aims to unlock value by separating the Korum Mall retail business from other real estate operations and simplify the group structure by merging subsidiary entities. This should reduce administrative costs and regulatory compliance burden, potentially benefiting shareholders through operational efficiencies and focused business segments.