DLF scheme approved by tribunal; restructuring on track

DLF Limited [BSE:DLF] has announced that the Chandigarh bench of the National Company Law Tribunal (NCLT) has approved its composite scheme of arrangement, effective February 19, 2025. The scheme involves the amalgamation of four subsidiary companies: DLF City Centre Limited, DLF Lands India Private Limited, DLF Info City Developers (Kolkata) Limited, and DLF Emporio Limited. Additionally, it includes the demerger and vesting of three SEZ undertakings from DLF Assets Limited into DLF Cyber City Developers Limited (DCCDL), identified as the 'Transferee Company'. The company confirms the scheme aligns with Sections 230-232 of the Companies Act, 2013. Following the order, the transferor companies will dissolve, and the SEZ undertakings will demerge and vest into DCCDL upon filing the order with the Registrar of Companies. The event was initially intimated by DCCDL on 19th February 2025.