Please find attached intimation pursuant to Regulation 30 of SEBI (LODR), Regulations, 2015 regarding a) effectiveness of the Scheme of Arrangement and b) fixation of Record Date for issue ....
Awaiting price reaction for this filing.
Dhani Services Limited (DSL) has informed that the composite Scheme of Arrangement, approved by NCLT Chandigarh Bench on August 29, 2025, has become effective from October 14, 2025, with an appointed date of April 1, 2023. Under the scheme, DSL along with 16 other Indiabulls-group companies (most being wholly-owned subsidiaries) will be amalgamated into Yaari Digital Integrated Services Limited, while the real estate business of India Land Hotels Mumbai Pvt Ltd will be demerged into Indiabulls Pharmacare Limited. The Board Committee has fixed Tuesday, October 28, 2025 as the Record Date to identify DSL shareholders entitled to receive Yaari shares. The share exchange ratio is 294 Yaari equity shares (face value Rs 2 each) for every 100 DSL fully paid-up shares, and 162 Yaari shares for every 100 DSL partly paid-up shares.
DSL equity shares will stand delisted from BSE and NSE following the scheme's effectiveness, and eligible shareholders will receive Yaari Digital Integrated Services shares in demat form. Investors holding DSL shares as on the Record Date will become shareholders of Yaari, making this a significant restructuring event for the Indiabulls group.