News Orders & Deals DLF Receives NCLT Approval for Merger of 8 Subsidiaries with Highvista BuildconDLF Receives NCLT Approval for Merger of 8 Subsidiaries with Highvista Buildcon
DLF Limited received NCLT Chandigarh Bench approval on 18th February 2026 for merging eight subsidiary companies with Highvista Buildcon Private Limited. The transferor companies will be dissolved without winding up, making Highvista a wholly-owned DLF subsidiary. The merger becomes effective upon filing certified copies with the Registrar of Companies within 30 days, streamlining DLF's corporate structure in real estate development.
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DLF Limited has secured approval from the National Company Law Tribunal (NCLT) Chandigarh Bench for a significant corporate restructuring involving the merger of eight subsidiary companies with Highvista Buildcon Private Limited. The approval, granted through an order dated 18th February 2026, represents a strategic consolidation move by the real estate major.
NCLT Approval Details
The NCLT order approves the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013. The merger involves eight transferor companies being absorbed into Highvista Buildcon Private Limited, which serves as the transferee company.
| Parameter: | Details |
|---|---|
| Approval Date: | 18th February 2026 |
| Tribunal: | NCLT Chandigarh Bench |
| Legal Framework: | Sections 230-232, Companies Act 2013 |
| Notification Time: | 11:40 Hrs on 18th February 2026 |
Companies Involved in Merger
The scheme encompasses eight subsidiary companies that will be merged with Highvista Buildcon Private Limited:
- Adoncia Builders & Developers Private Limited
- Amandla Builders & Developers Private Limited
- Berit Builders & Developers Private Limited
- Invecon Private Limited
- Manini Real Estates Private Limited
- Murdock Builders & Developers Private Limited
- Prewitt Builders & Constructions Private Limited
- Uni International Private Limited
Financial Profile of Highvista Buildcon
Highvista Buildcon Private Limited, incorporated on 30th April 1979, operates in the real estate development sector. The company's recent financial performance shows:
| Financial Metric (₹ crore): | As on 31st March 2025 |
|---|---|
| Turnover: | 0.008 |
| PAT: | (4.03) |
| Net Worth: | (59.95) |
Three-Year Turnover History
| Financial Year: | 2024-25 | 2023-24 | 2022-23 |
|---|---|---|---|
| Turnover (₹ crore): | 0.008 | 0.008 | 0.899 |
Implementation Timeline
The merger order will become effective upon filing the certified copy with the concerned Registrar of Companies. Highvista Buildcon is required to complete this filing within 30 days of receiving the order. Once effective, the eight transferor companies will stand dissolved without winding up and will cease to be subsidiaries of DLF Limited.
Corporate Structure Impact
Following the merger's completion, Highvista Buildcon Private Limited will become a wholly-owned subsidiary of DLF Limited. The consolidation will result in a streamlined corporate structure as the eight transferor companies will no longer exist as separate legal entities. This restructuring aligns with DLF's strategy to optimize its subsidiary structure within the real estate development business.
The company has made the merger order available on the NCLT website and has provided contact details for stock exchange clarifications through Company Secretary R.P. Punjani and Ms. Nikita Rinwa.
Historical Stock Returns for DLF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.42% | -3.45% | -1.96% | -18.92% | -8.82% | +109.35% |
