Oberoi Realty has received approval from the National Company Law Tribunal (NCLT) Mumbai for its scheme of amalgamation with wholly-owned subsidiary Nirmal Lifestyle Realty Private Limited. The NCLT order dated April 6, 2026, marks a significant step in the company's corporate restructuring initiative aimed at simplifying its group structure and enhancing operational efficiency.

NCLT Approval Details

The Hon'ble National Company Law Tribunal, Mumbai Bench-I, comprising Hon'ble Member (Technical) Shri Prabhat Kumar and Hon'ble Member (Judicial) Shri Sushil Mahadeorao Koche, approved the merger scheme under CP (CAA) NO. 14/MB/2026 in CA (CAA) NO. 264/MB/2025. The scheme involves the amalgamation of Nirmal Lifestyle Realty Private Limited (transferor company) with Oberoi Realty Limited (transferee company).

Company Background and Structure

Nirmal Lifestyle Realty Private Limited, bearing CIN U67120MH1995PTC094461, was originally incorporated on November 14, 1995, as Sardarmal Prithviraj Investments & Finance Limited. The company underwent several name changes, becoming Nirmal Holdings Limited in August 2000, before converting to a private limited company in November 2009 with its current name. The company is engaged in real estate development business.

Oberoi Realty Limited, with CIN L45200MH1998PLC114818, was incorporated on May 8, 1998, as Kingston Properties Private Limited. It changed its name to Oberoi Realty Private Limited in October 2009 and converted to a public limited company in December 2009.

Strategic Rationale and Benefits

The merger aims to achieve several strategic objectives for the combined entity through comprehensive operational improvements. The consolidation will create substantial value for stakeholders while streamlining business operations.

Regulatory Compliance and Approvals

The merger received comprehensive regulatory clearance with reports filed by multiple authorities. All statutory requirements have been addressed to ensure smooth implementation of the amalgamation scheme.

The petitioner companies have undertaken to comply with all statutory requirements under the Companies Act, 2013, Income Tax Act, 1961, GST regulations, and RERA provisions. No objections were received from other statutory or regulatory authorities, making the scheme unopposed.

Implementation Timeline

Following the NCLT approval, Oberoi Realty must complete several procedural requirements within specified timeframes to make the merger effective. The company needs to file the order and scheme with the Registrar of Companies using E-Form INC-28 within 30 days and lodge authenticated copies with the Superintendent of Stamps for stamp duty adjudication within 60 days. The scheme becomes effective from the date of filing the certified copy with ROC.

The merger represents Oberoi Realty's continued focus on streamlining its corporate structure while maintaining its position in the real estate development and hospitality sectors.

Oberoi realty Limited has announced the retirement of Mr. Selvaraj Ramasamy, Executive Vice President - Construction, effective April 2, 2026. The company disclosed this senior management change under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Departure Details

Mr. Ramasamy was relieved from his duties at the closure of business hours on April 2, 2026, following the company's retirement policy. As Executive Vice President - Construction, he held a senior management position within the organization's construction operations.

Regulatory Compliance

The retirement disclosure was made in compliance with SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company formally notified both stock exchanges about this management change:

• BSE Limited: Scrip codes - Equity (533273), Debt (976126, 976127, 976128)
• National Stock Exchange: Scrip symbol - OBEROIRLTY

Corporate Communication

Company Secretary Bhaskar Kshirsagar signed the official communication to the exchanges, ensuring compliance with regulatory requirements for disclosing changes in senior management personnel. The notification included detailed annexures as required by SEBI regulations for such disclosures.