In the matter of ongoing composite Scheme of Amalgamation and Arrangement we wish to inform that NCLT Chandigarh pronounced the order approving the said 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. . Pursuant to the Scheme the public shareholders of the Company will get shares of Yaari Digital Integrated Services Limited (Yaari) and 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) Yaari 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. (for details ref attachment)