Arisinfra Solutions Limited received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, admitting the scheme of amalgamation with its subsidiary, Arisunitern Re Solutions Private Limited. The order, pronounced on October 7, 2026, initiates the statutory process for merging the advisory firm into the listed procurement platform.

The Tribunal dispensed with the requirement to convene meetings for the equity shareholders and secured creditors of Arisunitern Re Solutions Private Limited. This decision was based on the fact that all five equity shareholders of the transferor company furnished consent affidavits. Additionally, the transferor company reported no secured creditors, rendering such meetings unnecessary.

Procedural Directives and Meetings

The NCLT directed the convening of meetings for the equity shareholders and secured creditors of Arisinfra Solutions Limited. These meetings must be held within 60 days from the date the order is uploaded on the Tribunal’s website. Voting will be conducted via video conferencing or other audio-visual means, allowing remote e-voting and e-voting during the meeting.

Notices for these meetings must be sent at least 21 clear days prior to the meeting date. The Tribunal also mandated publication of notices in Financial Express (English) and Loksatta (Marathi). Dr. Mansi Jain has been appointed as the Chairperson of the meetings, while Ms. Taruna Kumbhar will serve as the Scrutinizer.

Financial Structure and Share Exchange Ratio

The scheme proposes a specific share exchange ratio to consolidate ownership. The transferor company, incorporated in 2021, is engaged in real estate and infrastructure advisory services. It holds no listed equity shares. The transferee company operates as a B2B technology-enabled procurement platform for the construction sector.

The key financial terms of the amalgamation are outlined below:

What the Numbers Show

A significant divergence exists in the creditor consent status between the two entities. While 100% of the transferor’s equity shareholders provided consent, zero percent of the transferee’s secured creditors have submitted consent affidavits as of the order date. Furthermore, the transferee company’s unsecured creditor base includes the transferor company itself, which holds ₹7.16 crore in outstanding dues out of a total ₹9.05 crore owed by the transferor. This internal debt structure simplifies the consolidation process but highlights the interdependency of the two entities prior to the formal merger.

Arisinfra Solutions announced that its subsidiary, ArisUnintern RE Solutions Private Limited (Unintern), has secured a ₹400 crore DaaS (Distribution as a Service) contract for the Transco Uno project in Kalina, Mumbai.

This marks Unintern's second mandate from Transcon Group, following Phase 1 of Transcon Ramdev Plaza at Santacruz (West). With this win, the total gross development value (GDV) of projects under Unintern's DaaS mandates rises to over ₹2,500 crore, to be executed over the next 30 months.

Contract details

The following table summarises the key parameters of the order win:

The contract involves an 18-month, end-to-end mandate where Unintern will manage construction through a Category A contractor with equity-like participation. The subsidiary will supply all materials through the ARIS platform and own sales, marketing, collections, and lender management. All approvals, including RERA, are in place, allowing construction and sales to begin immediately.

Project specifics

Transco Uno is a premium commercial redevelopment featuring high-end retail and seven floors of premium office space. The project offers approximately 1.06 lakh sq ft of free-sale RERA carpet area. The promoter will receive full visibility through a live Project Health Index dashboard.

Management comments

Srinivasan Gopalan, CEO of Arisinfra Solutions, stated that Transcon choosing them for a second project is strong validation of the DaaS model. He noted that with approvals in place and a Category A contractor on board, UNO moves straight into execution, consolidating money, material, and management under a single accountable platform.

Kirti Kedia, Promoter of Transcon Group, expressed delight in partnering with Unintern again, citing excellent experience on Phase 1 of Transcon Ramdev Plaza. He added that with Unintern driving execution, their team can focus fully on approvals and tenant management.