Update on Scheme of Arrangement - Scheduling the next date of hearing on July 23, 2026
UTKARSHBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Utkarsh Small Finance Bank and Utkarsh CoreInvest Limited have filed a Joint second motion Petition before the NCLT Bengaluru Bench under sections 230-232 of the Companies Act, 2013 for sanction of a Scheme of Amalgamation. The NCLT passed an order on May 18, 2026, listing the Joint Petition for hearing on July 23, 2026. The Bank has been directed to comply with all order directions within stipulated timelines. A certified copy of the order is still awaited.
The scheduled NCLT hearing indicates the amalgamation scheme is progressing through regulatory approval stages. Shareholders should monitor the July 2026 hearing outcome as final NCLT sanction will determine the next steps for the proposed merger.