Intimation for receipt of in-principle approval from the Reserve Bank of India ("RBI") in relation to the Composite Scheme of Arrangement and Amalgamation Niyogin Fintech Limited, Niyogin ....
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Niyogin Fintech Limited has received in-principle approval from the Reserve Bank of India dated April 30, 2026 for a Composite Scheme involving itself, Niyogin Finserv Limited (Resulting Company), and iServeU Technology Private Limited (Amalgamated Company). This regulatory milestone moves forward a restructuring involving demerger and amalgamation under sections 230-232 of the Companies Act, 2013. The scheme still requires approvals from the Hon'ble National Company Law Tribunal (NCLT), shareholders, creditors, and other applicable authorities before implementation.
The RBI approval is a key positive step toward completing the corporate restructuring. However, shareholders should note that the scheme remains conditional on NCLT and other approvals, so final implementation timelines remain uncertain.