Emaar MGF initiates restructuring of company

June 09, 2016: India’s leading real estate developer Emaar MGF Land Limited has initiated the reorganization of the company’s business to ensure focused leadership and development of the on-going projects. The Company has initiated the process of demerger of the Company pursuant to a Scheme of Arrangement under Section 391-394 of the Companies Act, 1956 and has also filed such Scheme with the Hon'ble High Court of Delhi.

The Company under the leadership of Emaar is committed to provide effective management to all the on-going projects ensuring completion at the earliest possible. The Company's resources are now focused to put these projects on a fast track to completion, as contractor mobilization is being renewed at the site. The management will be working closely with the contractors to provide all possible assistance and resources to facilitate the project completion.

The project completion schedules with detailed timeline for achievement of specific milestones have also been shared, and the same information has also been uploaded on our website. Moreover, customers are regularly updated on the progress.

The company seeks the continued support of its customers and stakeholders, and is committed to safeguarding their interests.

Intimation to BSE Click Here
Re-organisation through De-merger Click Here