Please find attached Final Order by the Hon''ble National Company Law Tribunal, Chandigarh Bench approving the Scheme of Arrangement.
Awaiting price reaction for this filing.
The NCLT Chandigarh Bench has pronounced its final order on August 29, 2025, approving the composite Scheme of Arrangement involving Dhani Services Ltd, Indiabulls Enterprises Ltd, 15 other group companies, and Yaari Digital Integrated Services Ltd. Under the scheme, 17 companies will amalgamate into Yaari Digital, which will become the surviving listed entity, and the Real Estate Business of India Land Hotels Mumbai Pvt Ltd will demerge into Indiabulls Pharmacare Ltd. Dhani Services shareholders approved the scheme with 99.663% (fully paid-up equity) and 100% (partly paid-up equity) votes in favour. The appointed date is April 1, 2023, and the scheme will become effective once the certified copy of the order is filed with the Registrar of Companies by all participating companies.
Dhani Services Ltd will stand dissolved and its shareholders will receive shares of Yaari Digital Integrated Services Ltd in exchange at a swap ratio defined in the scheme. The Dhani Services stock may face delisting or adjustment post the scheme becoming effective, and investors should watch for the share swap ratio announcement and the effective date filing with the ROC.