Yaari Digital Integrated Services Completes Merger, Promoter Group Shareholding Rises to 32.84%

Yaari Digital Integrated Services (formerly Indiabulls Limited) has announced the completion of a significant merger scheme, resulting in a substantial increase in its promoter group shareholding. The National Company Law Tribunal (NCLT) approved the merger involving Dhani Services Limited, Indiabulls Enterprises Limited, and Yaari Digital Integrated Services.

Key Merger Details

Approval Date: The NCLT approved the merger scheme on August 29, 2025.
Implementation Date: The scheme came into effect on October 14, 2025.
Share Issuance: On November 4, 2025, Yaari Digital Integrated Services issued 222,39,39,879 new equity shares to shareholders of the merged entities.

Impact on Shareholding

The merger has led to a significant change in the company's shareholding structure:

Shareholder Group	Pre-Merger Shares	Pre-Merger Percentage	Post-Merger Shares	Post-Merger Percentage
Promoter Group	2,75,77,640	27.46%	76,33,94,153	32.84%

Key Promoter Entities

The disclosure highlighted several key promoter entities:

Mr. Sameer Gehlaut
Kritikka Infrastructure Private Limited
Inuus Developers Private Limited
Valerian Real Estate Private Limited
Calleis Infracon Private Limited

Regulatory Compliance

The company made this disclosure in compliance with SEBI takeover regulations, demonstrating its commitment to transparency and regulatory adherence.

Corporate Restructuring

The merger is part of a larger corporate restructuring involving multiple entities:

The scheme of arrangement included Dhani Services Limited, Indiabulls Enterprises Limited, and several other companies.
The restructuring aimed to streamline operations and potentially create synergies across the group's various business segments.

Conclusion

This merger marks a significant milestone for Yaari Digital Integrated Services, potentially positioning it for stronger growth and market presence. The increase in promoter group shareholding to 32.84% may signal increased confidence in the company's future prospects. Investors and market watchers will likely keep a close eye on how this restructuring impacts the company's performance and strategic direction in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.71%	-4.71%	-9.51%	-9.51%	-9.51%	-9.51%

Yaari Digital Integrated Services , formerly known as Indiabulls Limited, has announced its financial results for the quarter ended September 30, 2025, alongside significant corporate restructuring and leadership changes.

Financial Performance

The company reported a consolidated net profit of ₹75.31 crore for Q2 FY26, compared to a loss of ₹13.39 crore in the same quarter last year. Total revenue from operations increased to ₹236.27 crore from ₹114.89 crore year-over-year.

Key financial highlights for Q2 FY26:

Metric	Q2 FY26	Q2 FY25	YoY Change
Revenue from Operations	₹236.27	₹114.89	105.65%
Net Profit	₹75.31	₹(13.39)	-
Interest Income	₹62.31	₹54.39	14.56%
Net Gain on Fair Value Changes	₹140.38	₹1.70	8157.65%

The company's performance showed significant improvement, particularly in net gains on fair value changes, which rose to ₹140.38 crore from ₹1.70 crore in the previous year.

Corporate Restructuring

Yaari Digital Integrated Services completed a major corporate restructuring through a Composite Scheme of Arrangement, which became effective on October 14, 2025, with an appointed date of April 1, 2023. The scheme involved the merger of multiple entities, including Dhani Services Limited and other participating companies.

Leadership Changes

Following the restructuring, the company announced several key management changes:

Gurbans Singh appointed as Executive Chairman
Divyesh B. Shah appointed as Executive Director & CEO
Three new independent directors appointed: Dr. Prabhat Kumar, Mr. Rajinder Singh Nandal, and Brig. Labh Singh Sitara (Retd.)
Rajeev Lochan Agrawal appointed as Chief Financial Officer
Ram Mehar appointed as Company Secretary & Compliance Officer

Share Capital and ESOP Changes

The company is in the process of issuing and allotting fully paid-up equity shares as per the approved share swap ratio. This includes:

1,92,43,01,572 equity shares to shareholders of Amalgamating Company 1
21,81,70,697 equity shares to shareholders of Amalgamating Company 2
8,14,67,610 equity shares to shareholders of the Demerged Company

Additionally, the company will issue fresh employee stock options to eligible transferred employees, replacing the ESOPs of merged entities.

Outlook

The corporate restructuring and leadership changes mark a significant transformation for Yaari Digital Integrated Services. The improved financial performance in Q2 FY26 suggests that the company may be positioned for growth. However, the full impact of these changes on the company's long-term performance remains to be seen.