Utkarsh Small Finance Bank Limited has informed the Exchange about Copy of Newspaper Publication - Dispatch of Notice of NCLT Convening Meeting of the Equity Shareholders and Unsecured Creditors of the Bank
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Utkarsh Small Finance Bank has informed exchanges about newspaper advertisements published in Financial Express (English) and Jansatta (Hindi) on February 25, 2026, regarding the dispatch of NCLT-convened meeting notices. The NCLT, Allahabad Bench, by its order dated February 11, 2026, has directed meetings for approving the scheme of amalgamation of Utkarsh CoreInvest Limited (Transferor) into Utkarsh Small Finance Bank Limited (Transferee). The equity shareholders' meeting is scheduled for March 28, 2026 at 12:30 PM IST, and the unsecured creditors' meeting on the same day at 3:30 PM IST, both via video conferencing. Remote e-voting will run from March 25 (9:00 AM) to March 27 (5:00 PM), with the cut-off date for equity shareholders being March 21, 2026. Results will be declared on or before March 31, 2026.
This is a procedural step in the proposed amalgamation where the bank's promoter entity (Utkarsh CoreInvest) is being merged into the bank itself. Approval requires three-fourths majority in value from both equity shareholders and unsecured creditors, and public shareholders' votes will carry weight per SEBI norms. The scheme, if approved, will simplify the holding structure but outcome remains subject to NCLT's final approval after the voting results.