Yaari Digital Integrated Services Limited (YDISL) has announced the successful implementation of a complex Scheme of Arrangement involving 20 companies, marking a significant corporate restructuring in the Indian financial landscape. The scheme, which became effective on October 14, 2025, with a retrospective appointed date of April 1, 2023, includes multiple mergers and a demerger, reshaping the company's structure and market presence.

Key Highlights of the Scheme

Merger and Demerger

• The scheme involves the merger of 17 companies, including notable entities such as Dhani Services Limited and Indiabulls Enterprises Limited, into Yaari Digital Integrated Services Limited.
• As part of the restructuring, the real estate undertaking of India Land Hotels Mumbai Private Limited has been demerged and transferred to a subsidiary of YDISL.

Corporate Identity and Timeline

• Following the implementation of the scheme, Yaari Digital Integrated Services Limited will be renamed "Indiabulls Limited," reflecting the consolidated entity's new identity.
• October 28, 2025, has been set as the record date for determining shareholder eligibility for new share allotments under the scheme.

Share Exchange Ratios

The Board has approved the following share exchange ratios for the issuance of new shares:

Financial Impact

The consolidated networth of the merged entity, along with its subsidiaries, is expected to be approximately Rs. 2,500.00 crores, based on the audited financial statements as of March 31, 2025. This substantial financial base positions the newly formed Indiabulls Limited as a significant player in the market.

Listing and Trading

The new equity shares of Yaari (soon to be Indiabulls Limited) will be issued in dematerialized form and will be listed on both the BSE Limited and the National Stock Exchange of India Limited. These shares will rank pari-passu with the existing fully paid-up equity shares of the company.

Implications for Investors

This corporate action represents a significant development for shareholders of the involved companies. Investors should take note of the record date and the share exchange ratios to understand how their holdings will be affected. The consolidation is likely to create a more robust entity with diversified business interests and potentially stronger market positioning.

As the financial services landscape in India continues to evolve, this merger and rebranding initiative by Yaari Digital Integrated Services Limited into Indiabulls Limited may signal a strategic move to enhance competitiveness and capitalize on synergies across various business segments.

Shareholders and market participants are advised to closely monitor further announcements from the company regarding the completion of share allotments and the official name change process.

Yaari Digital Integrated Services Limited , a company listed on both BSE and NSE, has announced significant changes to its Board of Directors. The company's Board has approved the appointment of a new Non-Executive Independent Director and the re-appointment of two existing Independent Directors, subject to shareholder approval at the upcoming 18th Annual General Meeting.

New Appointment

Ms. Surina Rajan, a retired IAS officer, has been appointed as a Non-Executive Independent Director for a three-year term, effective from August 18, 2025, to August 17, 2028. Ms. Rajan brings a wealth of experience to the board, with 37 years in civil service. Her illustrious career includes:

• Gold Medalist in BA Hons (Economics) with a Distinction in M.Phil
• Topped Indian Economic Service and ranked second in Indian Administrative Service in 1985
• Worked across various government departments in Haryana and at the central level
• Six-year stint with the International Labour Organization, a specialized UN agency
• Expertise in areas such as Rural & Urban Development, Irrigation, Power, Renewable Energy, Education, and more
• Recognized for contributions to Skill-Training, Swachh Bharat Abhiyan, Solar Power Installations, and e-governance initiatives

Re-appointments

Mr. Gurinder Singh

Mr. Gurinder Singh, IPS (Retd.), has been re-appointed as a Non-Executive Independent Director for a second consecutive term of two years, from September 5, 2025, to September 4, 2027. Mr. Singh's profile includes:

• 36 years of distinguished service in senior positions at state, central, and international levels
• Served as Consul in the Consulate-General of India in Vancouver and held diplomatic positions in Vienna, Cairo, and London
• Acted as National Security Advisor to the Prime Minister of Mauritius
• Recipient of the Police Medal (1995) and the Sarvottam Seva Praman Patra (2004)

Mr. Aishwarya Katoch

Mr. Aishwarya Katoch has also been re-appointed as a Non-Executive Independent Director for a second consecutive term of two years, from September 5, 2025, to September 4, 2027. Mr. Katoch's background includes:

• Over 32 years of experience in business management, marketing, hospitality, and supply chain management
• Runs a successful business of leisure and heritage hotels and resorts
• Holds a bachelor's degree in Business Administration and Merchandising from the American College for Applied Arts, London, U.K.

These appointments and re-appointments reflect Yaari Digital's commitment to maintaining a diverse and experienced board. The new additions are expected to contribute significantly to the company's governance and strategic direction.

All appointments are subject to shareholder approval at Yaari Digital's 18th Annual General Meeting. The company has made these disclosures in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.