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.

Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) announced the outcome of its board meeting, revealing significant corporate governance decisions aimed at regulatory compliance. The board approved alterations to the main object clause in the Memorandum of Association to align with Core Investment Company regulations and authorized a postal ballot for shareholder approval.

Board Decisions and Regulatory Compliance

The board of directors approved comprehensive changes to the company's operational framework through two primary resolutions:

1. Alterations to the main object clause of the Memorandum of Association, subject to necessary regulatory approvals.
2. Authorization of a postal ballot to secure shareholder consent for the proposed alterations.

Shareholder Approval Process

The board authorized the implementation of a postal ballot mechanism to secure shareholder consent for the proposed alterations. This decision demonstrates the company's commitment to transparent corporate governance and stakeholder involvement in significant structural changes.

Key aspects of the postal ballot authorization include:

• Purpose: Seek shareholder approval for main object alterations
• Documentation: Draft postal ballot notice approved by the board
• Scope: Covers proposed changes to company's main objects
• Timeline: Subject to regulatory approval processes

Corporate Structure and Compliance

The alterations aim to make the company's main objects consistent with Core Investment Company requirements under applicable Reserve Bank of India regulations. This strategic alignment reflects the company's focus on regulatory compliance and operational clarity within the financial services sector.

The company has communicated these developments to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations, ensuring full regulatory disclosure compliance.