DLF Receives NCLT Chandigarh Approval to Merge Bhamini Real Estate Developers and DLF Urban into DLF Home Developers Limited

NCLT Approves DLF Subsidiary Consolidation

DLF Limited has received NCLT Chandigarh Bench approval for a merger scheme involving its subsidiary companies on 13th February 2026. The approved Scheme of Amalgamation will merge two wholly-owned subsidiaries - Bhamini Real Estate Developers Private Limited and DLF Urban Private Limited - with DLF Home Developers Limited.

Regulatory Framework and Timeline

The NCLT issued its merger order on 13th February 2026, approving the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013. The appointed date under the scheme is April 1, 2024.

The merger will become effective upon filing with the Registrar of Companies, after which the transferor companies will be dissolved and cease to be DLF subsidiaries. The transferor companies shall stand dissolved without winding up.

Restructuring Context

This consolidation represents part of DLF's broader corporate restructuring initiative. This latest approval is part of DLF's broader subsidiary consolidation initiative spanning several years. In January 2025, the company merged seven wholly-owned subsidiaries with DLF Southern Towns Private Limited. Bhamini Real Estate Developers Private Limited and DLF Urban Private Limited were merged with DLF Home Developers Limited effective February 13, 2026, and eight entities were amalgamated with Highvista Buildcon Private Limited effective February 18, 2026.

Strategic Objectives

The consolidation strategy aims to reduce redundant entities, lower operational costs, improve synergies, and strengthen financial flexibility for expansion.

Disclosure and Company Details

The company has disclosed this development in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. DLF Limited is one of the largest domestic real estate developers with more than 75 years of track record.