Kalpataru Ltd Withdraws Scheme of Arrangement for Demerger

Kalpataru Ltd has announced the withdrawal of its previously approved Scheme of Arrangement for the demerger of Project Magnus from its wholly owned subsidiary, Kalpataru Properties Limited. The decision was made by the Executive Committee of the Board on June 2, 2026, citing that the benefits envisaged from the scheme are no longer relevant. The scheme was initially approved by the Board on January 22, 2024, and filed with the National Company Law Tribunal, Mumbai on September 30, 2024. The company stated that this withdrawal has no financial impact on Kalpataru Ltd or Kalpataru Properties Limited.