NCLT Chandigarh Approves Merger of 16 Transferor Companies into DLF Limited, Effective January 14, 2026

Corporate Consolidation Approved for DLF Limited

DLF Limited has secured approval from the National Company Law Tribunal (NCLT), Chandigarh Bench, to merge 16 wholly-owned subsidiaries into the parent company, with the tribunal issuing its order on January 14, 2026, under relevant sections of the Companies Act, 2013.

Scope of the Merger

The merger includes 16 transferor companies, including Aaralyn Builders & Developers Private Limited and DLF Universal Limited, among others. The merger has been approved under Sections 230-232 and other applicable provisions of the Companies Act, 2013, along with relevant rules.

The strategic consolidation aims to streamline operations, reduce costs, and enhance financial flexibility for future expansion amidst strong real estate demand. This strategic move aims to simplify DLF's corporate structure and unlock greater operational efficiencies.

Execution and Effective Date

Upon filing the certified copy of the order with the Registrar of Companies, NCT of Delhi & Haryana, the transferor companies will stand dissolved without winding up and cease to be subsidiaries of DLF Limited. The merger involves the dissolution of the transferor companies without winding up, effective upon filing the order with the Registrar of Companies.

Part of Broader Restructuring

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. Separately, 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.

Financial Impact

DLF has stated that the scheme is not expected to have a material impact on standalone financial results.

About DLF Limited

DLF Limited is an Indian commercial real estate development company founded by Chaudhary Raghvendra Singh in 1946 and based in New Delhi, India. DLF has developed around 155 real estate projects and developed an area in excess of 330 million square feet. DLF has about 215 million sq. ft. of development potential across residential and commercial segment.

The product offering involves a wide range of products including condominiums, duplexes, row houses and apartments of varying sizes. The company has a unique business model with earnings arising from development and rentals, and its exposure across businesses, segments and geographies mitigates any down-cycles in the market.