Indiabulls Limited has successfully completed the distribution of fractional shares payment to eligible shareholders, as confirmed by reports from the company's Independent Directors and Audit Committee dated March 16, 2026. The payment relates to the implementation of a comprehensive scheme of arrangement that became effective on October 14, 2025.

Scheme of Arrangement Background

The National Company Law Tribunal (NCLT), Chandigarh Bench, approved the scheme of arrangement on August 29, 2025, involving multiple entities including Dhani Services Limited, Indiabulls Enterprises Limited, and 15 other amalgamating companies, along with India Land Hotels Mumbai Private Limited as the demerged company. The scheme involved Yaari Digital Integrated Services Limited, now known as Indiabulls Limited, as the resulting company.

The company fixed Tuesday, October 28, 2025, as the record date for determining eligible shareholders across the participating entities. Different share exchange ratios were established for each company:

Share Allotment and Listing

On November 4, 2025, Indiabulls Limited issued and allotted an aggregate of 222,39,39,879 fully paid-up equity shares with a face value of Rs. 2 each. The distribution included 192,43,01,572 equity shares to Dhani Services Limited shareholders, 21,81,70,697 equity shares to Indiabulls Enterprises Limited shareholders, and 8,14,67,610 equity shares to India Land Hotels Mumbai shareholders.

These newly issued shares were admitted for listing and trading on NSE and BSE with effect from December 26, 2025, completing the listing process for the reorganized entity.

Fractional Shares Treatment

As per SEBI Master Circular requirements and the scheme provisions, fractional entitlements arising from the share exchange ratios were consolidated into 89,950 fully paid-up equity shares. Mitcon Credentia Trusteeship Services Limited was appointed as trustee to hold these consolidated fractional shares for the benefit of eligible shareholders.

The consolidated fractional shares were sold in the secondary market on January 20, 2026, within the mandated 90-day period from the allotment date. The sale proceeds were transferred to a designated bank account with HDFC Bank Limited for distribution purposes.

Payment Completion

The distribution of net sale proceeds was completed on March 10, 2026, with eligible shareholders receiving their proportionate share of the fractional entitlements:

Both the Independent Directors and Audit Committee have certified compliance with SEBI circular requirements and confirmed that all eligible shareholders have been appropriately compensated for their fractional entitlements. The reports were submitted within the required seven-day timeframe following the completion of shareholder compensation, ensuring full regulatory compliance throughout the process.

Indiabulls Limited has informed stock exchanges about its upcoming participation in a major investor conference scheduled for March 2026. The company submitted the disclosure under regulatory requirements to maintain transparency with stakeholders regarding scheduled investor interactions.

Conference Participation Details

The company has provided specific details about the upcoming conference participation to both BSE Limited and National Stock Exchange of India Limited. The disclosure was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform exchanges about analyst and institutional investor meetings.

Regulatory Compliance and Information Sharing

Indiabulls Limited has emphasized that all discussions during the conference will be based solely on publicly available information. The company has specifically stated that no unpublished price sensitive information relating to the company will be disclosed during the interactions, ensuring compliance with regulatory guidelines.

The company has also noted that the scheduled date is subject to change due to potential exigencies on the part of the company, investors, analysts, or the host organization. This flexibility clause allows for adjustments based on unforeseen circumstances that may affect any of the participating parties.

Corporate Communication

The disclosure was signed by Ram Mehar, Company Secretary of Indiabulls Limited, and submitted on March 13, 2026. The company operates under the legal name Indiabulls Limited, formerly known as Yaari Digital Integrated Services Limited, with its registered office located in Gurgaon, Haryana, and corporate office in Mumbai, Maharashtra.