Utkarsh Small Finance Bank Limited has informed the Exchange about Update on Scheme of Arrangement.
UTKARSHBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Utkarsh Small Finance Bank and its parent Utkarsh CoreInvest Limited have filed a joint second motion petition before the NCLT Bengaluru Bench under sections 230-232 of the Companies Act, 2013. The NCLT pronounced an order on May 18, 2026, and scheduled the joint petition for hearing on July 23, 2026. The bank has been directed to comply with all requirements within stipulated timelines. A certified copy of the NCLT order is still awaited. This appears to be an amalgamation scheme where the bank may merge with or into Utkarsh CoreInvest Limited.
The NCLT hearing scheduled for July 2026 marks a key procedural step toward completing the amalgamation. Shareholders should monitor this process as the outcome will determine the final structure of the merged entity.