Dhani Services–Yaari Merger: Key Points for Shareholders

Market Announcements 📢
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Dhani Services Limited (DSL) has completed a major restructuring with several Indiabulls and Yaari group companies.
The Hon’ble NCLT, Chandigarh Bench has approved the Scheme of Arrangement, under which DSL and multiple group entities are being merged into Yaari Digital Integrated Services Limited (Yaari).

This step is taken to simplify the group’s structure, bring all related businesses under one listed company, and improve overall efficiency.

Here’s what it means for shareholders

  • DSL shareholders will now receive Yaari shares in exchange for their DSL shares.
  • Record Date: October 28, 2025
  • Exchange Ratio:
    • 294 Yaari shares (Face value â‚ą2 each) for every 100 fully paid-up DSL shares (Face value â‚ą2 each)
    • 162 Yaari shares (Face value â‚ą2 each) for every 100 partly paid-up DSL shares (Face value â‚ą1.1 paid-up value)

After this merger takes effect, Dhani Services Limited shares will be delisted, and Yaari will continue as the listed company.

This merger aims to create a stronger, more streamlined business structure and align shareholder interests across the group.

2

@sheetal why is there two exchange ratios mentioned.Meaning is there a DSL shares that even exists with a face value of 1.1?

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Any update? @sheetal

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Hi @ARVIND1
There are two exchange ratios because Dhani Services Limited (DSL) had two types of shares:

  • Fully paid-up shares (â‚ą2 fully paid) → 294 Yaari shares for every 100 DSL shares
  • Partly paid-up shares (â‚ą1.10 paid out of â‚ą2) → 162 Yaari shares for every 100 DSL shares

So, ₹1.10 isn’t a separate face value — it just means those shares weren’t fully paid-up.

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@ARVIND1
If you hold 50 fully paid-up DSL shares, you’ll get 147 Yaari shares (50 × 2.94). Since it’s a whole number, you’ll receive shares only—no fractional cash payout.