Please find enclosed Notice of the 37th Annual General Meeting along with the Annual Report of the Company for the FY 2024-2025
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Niyogin Fintech has notified BSE about its 37th Annual General Meeting scheduled for September 17, 2025 at 4:00 p.m. IST via video conferencing, along with the Annual Report for FY 2024-25. The document highlights the Board's approval of a Composite Scheme of Arrangement that will split the company into two listed entities — a tech-enabled NBFC (Niyogin Finserve) and a payments technology firm (iServeU). Key FY25 numbers include AUM growth of 56% YoY to ₹278.8 crore, ₹132 crore raised through borrowings, ₹56.2 crore received from warrant conversion, and iServeU gross revenue of ₹165.5 crore with an order book of ~₹400 crore. E-voting will be facilitated by NSDL between September 12-16, 2025, with September 10, 2025 as the cut-off date.
This is a routine AGM notice, but the embedded disclosure of the demerger scheme is significant — shareholders stand to receive shares in two independent listed entities (Niyogin Finserve and iServeU), which could unlock value by giving each business a pure-play valuation. The strong AUM growth and iServeU profitability signal improving fundamentals ahead of the restructuring.