Dhani Services amalgamation effective, record date set for share issuance

The Scheme of Arrangement, which includes the amalgamation of Dhani Services Limited and nineteen other entities, became effective on October 14, 2025, with an appointed date of April 1, 2023. This follows the National Company Law Tribunal's (NCLT) approval and subsequent filing of the certified order with the Registrar of Companies. As a result, the equity shares of Dhani Services Limited will be delisted from stock exchanges.

The Board's Committee has fixed Tuesday, October 28, 2025, as the Record Date. This date will determine the shareholders of Dhani Services Limited (DSL) entitled to receive fully paid-up equity shares of Yaari Digital Integrated Services Limited (Yaari) with a face value of INR 2. Shareholders of fully paid-up DSL shares will receive 294 Yaari shares for every 100 DSL shares, while shareholders of partly paid-up DSL shares (55% paid-up value of INR 1.1) will receive 162 Yaari shares for every 100 DSL shares.

The new Yaari equity shares, to be issued in demat mode, will be submitted for listing and trading permission with BSE Limited and National Stock Exchange of India Limited and will rank pari-passu with existing fully paid-up Yaari equity shares.