Kalpataru Ltd. has withdrawn its demerger plan for Project Yoganand in Borivali, Mumbai.

This project was initially intended to be separated into a subsidiary, Kalpataru Residency Pvt. Ltd., to attract external funding.

Following a successful IPO, the company now possesses strong internal cash flows, negating the need for the demerger as lenders are no longer insisting.

This move streamlines Kalpataru's structure, signaling self-sufficient funding for the project.

The withdrawal has no financial impact, maintaining business continuity for shareholders.