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DLF Secures NCLT Approval for Merger of 8 Subsidiaries with Highvista Buildcon

Published: February 18, 2026 | Category: Real Estate
DLF Secures NCLT Approval for Merger of 8 Subsidiaries with Highvista Buildcon

DLF Limited, one of India's leading real estate developers, has secured approval from the National Company Law Tribunal (NCLT) Chandigarh Bench for a significant corporate restructuring. The approval, granted through an order dated 18th February 2026, involves the merger of eight subsidiary companies with Highvista Buildcon Private Limited.

The NCLT order approves the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013. This merger marks a strategic consolidation move by DLF, aimed at optimizing its subsidiary structure and enhancing operational efficiency.

The scheme encompasses the following eight subsidiary companies that will be merged with Highvista Buildcon Private Limited: - Adoncia Builders & Developers Private Limited - Amandla Builders & Developers Private Limited - Berit Builders & Developers Private Limited - Invecon Private Limited - Manini Real Estates Private Limited - Murdock Builders & Developers Private Limited - Prewitt Builders & Constructions Private Limited - Uni International Private Limited

Highvista Buildcon Private Limited, incorporated on 30th April 1979, operates in the real estate development sector. The company's recent financial performance, as of 31st March 2025, shows a turnover of ₹0.008 crore, a profit after tax (PAT) of ₹(4.03) crore, and a net worth of ₹(59.95) crore. Over the past three years, the company's turnover has been relatively stable, with the highest turnover of ₹0.899 crore recorded in the financial year 2022-23.

The merger order will become effective upon filing the certified copy with the concerned Registrar of Companies. Highvista Buildcon is required to complete this filing within 30 days of receiving the order. Once effective, the eight transferor companies will stand dissolved without winding up and will cease to be subsidiaries of DLF Limited.

Following the merger's completion, Highvista Buildcon Private Limited will become a wholly-owned subsidiary of DLF Limited. The consolidation will result in a streamlined corporate structure, as the eight transferor companies will no longer exist as separate legal entities. This restructuring aligns with DLF's strategy to optimize its subsidiary structure within the real estate development business.

The company has made the merger order available on the NCLT website and has provided contact details for stock exchange clarifications through Company Secretary R.P. Punjani and Ms. Nikita Rinwa. This move is expected to enhance DLF's operational efficiency and financial performance, positioning it strongly in the competitive real estate market.

DLF's historical stock returns over different periods are as follows: - 1 Day: +0.53% - 5 Days: -4.37% - 1 Month: -1.14% - 6 Months: -14.52% - 1 Year: -4.79% - 5 Years: +104.02%

These returns reflect the company's performance in the stock market, providing investors with insights into its financial health and market position.

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Frequently Asked Questions

1. What is the significance of the NCLT approval for DLF's merger?
The NCLT approval is significant as it allows DLF to proceed with the merger of eight subsidiary companies with Highvista Buildcon, streamlining its corporate structure and enhancing operational efficiency.
2. Which subsidiary companies are being merged with Highvist
Buildcon? A: The eight subsidiary companies being merged with Highvista Buildcon include Adoncia Builders, Amandla Builders, Berit Builders, Invecon, Manini Real Estates, Murdock Builders, Prewitt Builders, and Uni International.
3. What is the financial performance of Highvist
Buildcon? A: As of 31st March 2025, Highvista Buildcon reported a turnover of ₹0.008 crore, a profit after tax (PAT) of ₹(4.03) crore, and a net worth of ₹(59.95) crore.
4. When will the merger become effective?
The merger will become effective upon filing the certified copy with the concerned Registrar of Companies, which Highvista Buildcon is required to complete within 30 days of receiving the NCLT order.
5. How does this merger align with DLF's strategy?
This merger aligns with DLF's strategy to optimize its subsidiary structure within the real estate development business, enhancing operational efficiency and financial performance.