Yaari Digital Integrated Services Reports Profit After Major Merger and Board Restructuring

Yaari Digital Integrated Services , now known as Indiabulls Limited, has reported a significant turnaround in its financial performance for the quarter ended September 30, following a comprehensive merger and corporate restructuring.

Financial Highlights

The company posted a consolidated profit after tax of ₹75.31 crore for the quarter, compared to a loss of ₹13.39 crore in the same period last year. This improvement comes on the back of a substantial increase in total revenue from operations, which rose to ₹236.27 crore from ₹114.89 crore year-on-year.

Key financial metrics for the quarter:

Metric	Current Quarter (₹ Crore)	Previous Year Quarter (₹ Crore)	YoY Change
Revenue from Operations	236.27	114.89	+105.6%
Total Income	256.59	126.51	+102.8%
Profit Before Tax	103.33	(7.94)	N/A
Profit After Tax	75.31	(13.39)	N/A

The company's performance was particularly strong in its asset reconstruction activities, which contributed significantly to the revenue growth.

Merger and Corporate Restructuring

The financial results come in the wake of a major corporate restructuring event. The National Company Law Tribunal (NCLT), Chandigarh Bench, approved a scheme of arrangement on August 29, which became effective on October 14. This scheme involved the merger of multiple companies, including Dhani Services Limited and Indiabulls Enterprises Limited, into Indiabulls Limited.

As part of this restructuring:

The company changed its name from Yaari Digital Integrated Services Limited to Indiabulls Limited.
A significant board restructuring took place, with new appointments including:
- Mr. Gurbans Singh as Executive Chairman
- Mr. Divyesh B. Shah as CEO
- Three new independent directors

Share Issuance

Following the merger, Indiabulls Limited is in the process of issuing new equity shares:

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

Segment Performance

The company's segment-wise performance showed varied results:

Segment	Profit/(Loss) Before Tax and Interest (₹ Crore)
Financing and related activities	(6.61)
Asset reconstruction and related activities	124.96
Broking and related activities	12.77
Real Estate development and related activities	(16.77)

The asset reconstruction segment emerged as the standout performer, contributing significantly to the overall profitability.

Outlook

The positive financial results, coupled with the extensive corporate restructuring, indicate that Indiabulls Limited may be positioning itself for growth in its core areas of finance, asset reconstruction, and real estate. However, the varied performance across segments suggests that challenges remain in certain business areas.

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:

Company	Exchange Ratio
Dhani Services Limited (Fully Paid-up)	294 Yaari shares for every 100 DSL shares
Dhani Services Limited (Partly Paid-up)	162 Yaari shares for every 100 DSL shares
Indiabulls Enterprises Limited	110 Yaari shares for every 100 IEL shares
India Land Hotels Mumbai Private Limited	322 Yaari shares for every 1 India Land Hotels share

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.