Utkarsh Small Finance Bank Limited has informed the Exchange about Update on Scheme of Arrangement.

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

UTKARSHBNK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹13.24

prior close

₹13.31

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-1.5% vs market

Other Bank peers, median of 8sector-0.4%+0.0% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and in line with its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.7

15m

+0.5

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+1.1-1.5-0.4+0.0

Next day

+0.0+1.2-1.2+0.2-0.2

+1.4+2.8-1.4+2.8-1.3

+2.0+3.5-1.5+3.8-1.8

+1.6+3.5-1.9+4.2-2.6

-0.2+2.8-3.0+2.5-2.7

-0.9+2.8-3.7+1.3-2.2

15d

-1.1+4.2-5.3+5.2-6.3

+11.0+10.1+0.9+8.4+2.7

+12.5+10.0+2.5+21.1-8.6

+8.8+14.6-5.8+16.9-8.2

UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.