Indiabulls Limited — M&A Activity 2022

Jul 22, 2022

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July 22, 2022

Scrip Code - 533520 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001

YAARI

National Stock Exchange of India Limited ‘Exchange Plaza’, Bandra-Kurla Complex, Bandra (East) MUMBAI – 400 051

Sub: Pronouncement of Order by the Hon’ble National Company Law Tribunal, Chandigarh Bench, Chandigarh (“NCLT”) approving the Composite Scheme of Amalgamation and Arrangement

Dear Sir/Madam,

In furtherance to earlier intimations in the matter of 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”) 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”) , we wish to inform that the Hon’ble National Company Law Tribunal, Chandigarh Bench, Chandigarh (“NCLT”) pronounced the order approving the aforesaid Scheme (“Order”) on July 21, 2022, copy of which is made available on the website of the NCLT today i.e. July 22, 2022. The certified copy of the Order passed by NCLT is awaited and the Scheme shall be made effective after receipt of the same.

The said Scheme aimed to streamline the operations and ownership structure of the Company, in a manner leading to maximization of stakeholders’ value and diversification of shareholders’ portfolio by providing them direct ownership in each business segments. Pursuant to the Scheme, the shareholders of the Company will get shares of Indiabulls Enterprises Limited (“ IEL ”), free of any cost, in lieu of their shareholding in the Company. IEL shares will get listed on NSE and BSE and with this, post effectiveness of the Scheme, the shareholders of the Company will have shares of two listed entities – (1) the Company, the equity shares of which are listed and will remain listed on NSE and BSE, and (2) IEL, equity shares of which will be listed on NSE and BSE.

The same is for your information and record.

Thanking you, Yours truly,

for Yaari Digital Integrated Services Limited

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Priya Jain

Company Secretary

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