Indiabulls Limited — Capital/Financing Update 2022

Aug 3, 2022

==> picture [194 x 76] intentionally omitted <==

August 3, 2022

Scrip Code - 533520 YAARI BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, Dalal Street, Bandra-Kurla Complex, Bandra (East) MUMBAI – 400 001 MUMBAI – 400 051

Sub: Effectiveness of the Composite Scheme of Amalgamation and Arrangement and fixation of Record Date for issue of shares under the Scheme

Dear Sir/Madam,

In furtherance to earlier intimation dated July 22, 2022, we wish to inform that upon receipt of the certified copy of the order (a copy of which is enclosed) and its filing with the Registrar of Companies, NCT of Delhi and Haryana by Applicant Companies, the composite Scheme of Amalgamation and Arrangement amongst Albasta Wholesale Services Limited (“Transferor Company 1”), Sentia Properties Limited (“Transferor Company 2”), Lucina Infrastructure Limited (“Transferor Company 3”), Ashva Stud and Agricultural Farms Limited (“Transferor Company 4”), Mahabala Infracon Private Limited (“Transferor Company 5”), SORIL Infra Resources Limited (“Transferor Company 6”), Store One Infra Resources Limited (“Transferor Company 7”), Yaari Digital Integrated Services Limited (“the Company/ Transferee Company / Demerging Company 1”), Indiabulls Enterprises Limited (“Resulting Company 1”), Indiabulls Pharmaceuticals Limited (“Demerging Company 2”), Indiabulls Pharmacare Limited (“Resulting Company 2”) (collectively “Applicant Companies”) and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013, and other applicable provisions of the Act, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (“ Scheme ”), has been made effective from today i.e. August 3, 2022, with effect from the appointed date of the Scheme i.e. April 1, 2019, as approved by the Hon’ble National Company Law Tribunal, Chandigarh Bench, Chandigarh.

We wish to further inform that the Reorganization Committee of the Board of Directors of the Company, at its meeting held today i.e. on August 3, 2022, has, in compliance with the terms of the Scheme, inter-alia, jointly with the other companies, fixed:

• (i) Friday, August 19, 2022 as the record date (“SORIL Record Date”) , for the purpose of determining the names of the public shareholders of SORIL Infra Resources Limited (“SORIL”) who shall be entitled to receive 1 (one) fully paid-up equity share of face value Rs. 2 each of the Company for every 1 (one) fully paid-up equity share of face value of Rs. 10 each, held by them in SORIL, on the SORIL Record Date. An

Yaari Digital Integrated Services Limited

(formerly Yaarii Digital Integrated Services Limited & Indiabulls Integrated Services Limited) Registered Office: Plot No. 448-451, Udyog Vihar, Phase-V, Gurugram-122016, Haryana | Tel: 0124 6681199 | Fax: 0124 6681111

Corporate Office: One International Center (formerly IFC), Tower - 1, 4th Floor, S. B. Marg, Elphinstone (W), Mumbai – 400013, Maharashtra | Tel: 022 62498580 | Fax: 022 61899600 CIN: L51101HR2007PLC077999, Website: www.yaari.com, Email: talktous@yaari.com

==> picture [194 x 76] intentionally omitted <==

aggregate of 2,03,83,310 equity shares, held by the Company in SORIL, as its Promoter, shall stand cancelled in its entirety. New equity shares, to be issued by the Company to the SORIL public shareholders, as above, will be submitted for listing with BSE Limited and the National Stock Exchange of India Limited and shall rank paripassu in all respects with the existing equity shares of the Company; and

• (ii) Friday, August 26, 2022 as the record date (“Yaari Record Date”) , for the purpose of determining the names of the shareholders of the Company, who shall be entitled to receive 1 (one) fully paid-up equity share of face value Rs. 2 each of Indiabulls Enterprises Limited (“IEL”) for every 1 (one) fully paid-up equity share of face value of Rs. 2 each, held by them in the Company on Yaari Record Date. The equity shares, to be issued and allotted by IEL in accordance with the Scheme will be submitted for listing with BSE Limited and the National Stock Exchange of India Limited.

Pursuant to the Scheme, the shareholders of the Company, as on Yaari Record Date i.e. Friday, August 26, 2022, including the SORIL Public shareholders as on SORIL Record date, will get shares of Indiabulls Enterprises Limited (“ IEL ”), free of any cost, in lieu of their shareholding in the Company.

We request you to kindly take the above on record.

Yours truly,

for Yaari Digital Integrated Services Limited

==> picture [86 x 50] intentionally omitted <==

Priya Jain Company Secretary

Encl: as above

Yaari Digital Integrated Services Limited

(formerly Yaarii Digital Integrated Services Limited & Indiabulls Integrated Services Limited) Registered Office: Plot No. 448-451, Udyog Vihar, Phase-V, Gurugram-122016, Haryana | Tel: 0124 6681199 | Fax: 0124 6681111

Corporate Office: One International Center (formerly IFC), Tower - 1, 4th Floor, S. B. Marg, Elphinstone (W), Mumbai – 400013, Maharashtra | Tel: 022 62498580 | Fax: 022 61899600 CIN: L51101HR2007PLC077999, Website: www.yaari.com, Email: talktous@yaari.com