Kalpataru Ltd: NCLT Approves Withdrawal of Demerger Scheme

Kalpataru Ltd has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the withdrawal of the Scheme of Arrangement for the demerger of its undertaking from Kalpataru Properties Limited, a step-down wholly owned subsidiary. The original scheme involved demerging Project Magnus, located in Bandra (East), Mumbai, into Kalpataru Ltd. The company had previously disclosed the approval of this withdrawal by its Executive Committee of the Board of Directors on June 2, 2026. The NCLT's order was received on July 8, 2026, at 12:20 p.m. This information is also available on the company's investor relations website.