DLF gets NCLT nod to consolidate 16 wholly-owned subsidiaries

The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the Scheme of Amalgamation for merging 16 wholly-owned subsidiaries of DLF Limited with the parent company, as per an order dated

January 14, 2026.

DLF said the merger has been approved under Sections 230–232 and other applicable provisions of the Companies Act, 2013, along with the relevant Rules.

“Upon filing of the certified copy of the Order with the Registrar of Companies, NCT of Delhi & Haryana, the Transferor Companies shall stand dissolved without winding up and shall cease to be subsidiaries of DLF Limited,” the company said in its regulatory filing.

The company added that the disclosures required under Schedule III of the SEBI Listing Regulations, read with the SEBI Circular dated November 11, 2024, had already been submitted via its October 25, 2024 intimation.

DLF has been consolidating subsidiaries over the past few years to streamline its operations. In January 2025, it merged seven wholly-owned subsidiaries with DLF Southern Towns Private Limited.

This was followed by the amalgamation of DLF City Centre Limited, DLF Lands India Private Limited, DLF Info City Developers (Kolkata) Limited, and DLF Emporio Limited, along with the demerger and vesting of three SEZ undertakings (located in Silokhera, Hyderabad and Chennai) of DLF Assets Limited into DLF Cyber City Developers Limited.

The company has undertaken similar restructuring in 2024, 2023, and 2022 as it focuses on its residential (luxury housing), commercial (office leasing, malls), and rental (office parks via DLF Cyber City) segments. The consolidation reduces redundant entities, lowers costs, improves synergies, and strengthens financial flexibility for expansion amid strong real estate demand and stable rental income.

Shares of DLF closed 0.37% lower at ₹650 on the NSE. The stock is down 5.7% year-to-date but has gained 132.6% over the past five years.