Indiabulls Limited has successfully concluded its postal ballot process with shareholders approving all nine proposed resolutions with overwhelming majority. The company announced the voting results on January 29, 2026, following the completion of e-voting that closed on January 28, 2026.

Key Leadership Appointments Approved

Shareholders endorsed several critical leadership appointments that will shape the company's future direction. The most significant approvals include the appointment of Gurbans Singh as Whole-time Director and Executive Chairman for a five-year term effective October 31, 2025, and Divyesh B. Shah as Whole-time Director and Chief Executive Officer for the same duration.

Independent Director Appointments

The company secured approval for three independent director appointments, each for three-year terms beginning October 31, 2025. These appointments strengthen the board's independence and governance structure.

Voting Participation and Results

The postal ballot process demonstrated strong shareholder engagement with significant participation across all categories. The company had 260,181 total shareholders as of the December 26, 2025 cut-off date. All resolutions received approval rates exceeding 98%, indicating strong shareholder confidence in the proposed measures.

Corporate Governance and Policy Changes

Shareholders also approved important corporate governance measures including alterations to the Main Objects clause of the Memorandum of Association and authorization for donations/contributions under Section 181 of the Companies Act 2013. Additionally, the increase in statutory auditors' remuneration for FY 2025-26 and 2026-27 received approval.

Scrutinizer Validation

CA Raj Kumar from AMRK & Associates served as the scrutinizer for the postal ballot process, ensuring compliance with regulatory requirements. The e-voting module operated by KFin Technologies Limited was disabled on January 28, 2026, at 5:02 PM, with vote counting conducted in the presence of independent witnesses.

The comprehensive approval of all resolutions positions Indiabulls Limited for its strategic initiatives under new leadership while maintaining strong corporate governance standards. The results reflect shareholder confidence in the company's direction and management appointments.

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.