Please find enclosed the Press Release - Strategic review by Niyogin Board
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Niyogin Fintech's Board of Directors has announced a strategic review initiative aimed at unlocking and maximizing long-term shareholder value. The Board has constituted a dedicated Strategic Review Committee to evaluate all strategic opportunities available to the company. The company serves India's underserved MSMEs through a Banking-as-a-Service (BaaS) platform model, partnering with Business Correspondents, Banks, and Neobanks. No specific strategic options or decisions have been disclosed yet. The company has committed to making appropriate regulatory disclosures as material developments arise.
The formation of a Strategic Review Committee suggests the Board is actively considering options that could significantly change the company's structure or ownership. Until specific details emerge, investors should monitor for further announcements that may clarify the scope and nature of the strategic review.