Indiabulls Limited has announced a strategic merger plan with one of its subsidiaries, aimed at enhancing operational efficiency and reducing overall costs. The consolidation initiative represents a significant step in the company's efforts to streamline its business operations and optimize its corporate structure.

Strategic Merger Objectives

The proposed merger is designed to achieve multiple operational benefits for Indiabulls Limited. The company expects the consolidation to create synergies that will improve overall business efficiency while simultaneously reducing operational expenses.

Operational Enhancement Strategy

The merger plan reflects Indiabulls Limited's commitment to optimizing its corporate structure through strategic consolidation. By integrating subsidiary operations, the company aims to eliminate redundancies and create a more efficient operational framework.

The initiative is expected to result in improved resource allocation and better coordination across business functions. This structural optimization should enable the company to operate more effectively while maintaining focus on core business activities.

Corporate Structure Optimization

Through this merger, Indiabulls Limited seeks to create a more streamlined organizational structure that supports improved decision-making processes and operational control. The consolidation is designed to enhance the company's ability to respond quickly to market opportunities while maintaining cost discipline.

The strategic move demonstrates the company's proactive approach to corporate restructuring and its commitment to achieving operational excellence through efficient business practices.

Indiabulls Limited has issued a postal ballot notice seeking shareholder approval for significant corporate restructuring and key leadership appointments following the completion of its merger scheme. The company has proposed nine resolutions covering director appointments, constitutional changes, and operational matters.

Key Leadership Appointments

The postal ballot seeks approval for several critical leadership positions:

Mr. Gurbans Singh, aged 64 years, brings extensive regulatory expertise as a retired Indian Revenue Services officer with over 22 years of government experience. He previously served as Joint Managing Director of Indiabulls Real Estate Limited and was Executive Chairman of Dhani Services Limited before its merger with the company.

Mr. Divyesh B. Shah, a 25-year veteran of the Indiabulls Group, has been instrumental in transforming the organization from a retail stockbroking outfit into a diversified financial services company. He previously served as Executive Director and CEO of Dhani Services Limited.

Independent Director Appointments

The company is seeking approval for three independent director appointments, each for three-year terms:

Each independent director will receive sitting fees of up to ₹1.00 lakh per board meeting, with no other remuneration.

Corporate Restructuring Measures

Following the NCLT-approved scheme of arrangement that became effective on October 14, 2025, the company is proposing to alter its main objects clause in the Memorandum of Association. This change aims to align the company's objectives with Core Investment Company requirements as advised by the Reserve Bank of India.

The proposed new main objects focus on:

• Investment company operations and securities trading
• Real estate development and infrastructure management
• Equipment leasing and EPC solutions
• Consultancy and advisory services

Financial and Operational Approvals

The postal ballot includes approval for charitable donations exceeding the statutory limit of 5.00% of average net profits from the three preceding financial years. This enables the company to fulfill its business responsibility and sustainability obligations.

Additionally, shareholders will vote on increasing statutory auditor remuneration:

Voting Process and Timeline

The company has engaged KFin Technologies Limited to provide e-voting facilities to shareholders. The voting process follows a structured timeline:

Mr. Raj Kumar (Membership No. 501863), Partner of M/s AMRK & Associates, has been appointed as the scrutinizer to conduct the postal ballot process. Voting rights will be proportional to shareholding as on the cut-off date of December 26, 2025.

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company's registrar or depository participants. The comprehensive restructuring reflects the company's strategic positioning following the successful completion of its merger scheme involving multiple entities including Dhani Services Limited and Indiabulls Enterprises Limited.