Kalpataru Ltd Approves Composite Scheme of Arrangement

The Board of Directors of Kalpataru Ltd approved a Composite Scheme of Arrangement involving Kalpataru Retail Ventures Private Limited, Kalpataru Properties (Thane) Private Limited, Alder Residency Private Limited, Kalpataru Residency Private Limited, Ardour Developers Private Limited, Aspen Housing Private Limited, and Kalpataru Limited. The scheme involves the demerger of the Demerged Undertaking from Kalpataru Retail Ventures Private Limited into Kalpataru Properties (Thane) Private Limited, and the amalgamation of Kalpataru Retail Ventures Private Limited, Alder Residency Private Limited, Kalpataru Residency Private Limited, Ardour Developers Private Limited, and Aspen Housing Private Limited with Kalpataru Limited. The appointed date for the scheme is April 1, 2026.