Key Details of the Demerger

  • The Board of Directors approved a Composite Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013 on July 21, 2026.
  • The scheme involves consolidating all data centre and cloud operations under one entity before carving them out into Ashok Cloud Private Limited.
  • Upon completion, the group will comprise two independently listed companies: Anant Raj Limited (focused on real estate and infrastructure) and Ashok Cloud Private Limited (focused on data centre and cloud services including AI workload).

Shareholder Impact

  • Eligible shareholders of Anant Raj Limited will receive one fully paid-up equity share of face value of ₹2 each in Ashok Cloud Private Limited for every one fully paid-up equity share of face value of ₹2 each held in Anant Raj Limited.
  • The Scheme will not result in the cancellation of Anant Raj Limited's existing shareholding in Ashok Cloud Private Limited, and ACPL will continue to remain a subsidiary of Anant Raj Limited.

Strategic Rationale

According to Managing Director Amit Sarin, the demerger will provide greater strategic focus, management autonomy, and flexibility to pursue long-term value creation. Benefits include:

  • Creation of two focused businesses with dedicated management teams
  • Independent market recognition and valuation of the digital infrastructure business
  • Direct shareholder participation in both businesses
  • Simplified corporate structure and streamlined governance
  • Greater flexibility to attract sector-focused investors and strategic partnerships

Regulatory Requirements and Next Steps

The proposed Scheme is subject to receipt of all necessary statutory, regulatory and judicial approvals, including approvals from:

  • National Company Law Tribunal (NCLT)
  • SEBI
  • Stock exchanges
  • Shareholders
  • Creditors
  • Other applicable authorities

Company Background

  • Anant Raj Limited (CIN: L45400HR1985PLC021622) is a leading real estate developer with presence in Delhi, Haryana, Andhra Pradesh, Rajasthan and NCR.
  • Anant Raj Cloud Private Ltd is engaged in data center development and cloud services, including operating advanced data centers and providing colocation, managed hosting, and disaster recovery.
  • Ashok Cloud Private Ltd is engaged in providing data centre and Co-Location services, sovereign public cloud services, AI ready Cloud Infrastructure, and DC & DR services.