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Niyogin Fintech Limited has disclosed voting results from a Postal Ballot held in May 2026. The special resolution sought approval to reduce or dilute the company's stake in Iserveu Technology Private Limited, which is classified as a Material Subsidiary, or to cease its major shareholding entirely. The resolution was passed overwhelmingly with 99.9986% votes in favor (35,594,192 votes) against only 500 votes against out of 35,594,692 total votes cast. The e-voting period ran from April 28 to May 27, 2026, with 49 members participating. The resolution is deemed passed as of May 27, 2026, the last date of voting.
Shareholders have approved the company's plan to potentially exit or reduce its stake in its material subsidiary Iserveu. This signals a strategic restructuring that could unlock value or reduce exposure to this subsidiary, which may positively impact the company's focus and capital allocation.