Utkarsh Small Finance Bank Limited has informed the Exchange about the Proceedings of NCLT Convened Meeting of the Unsecured Creditors held on March 28, 2026.
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Utkarsh Small Finance Bank held an NCLT-ordered meeting of its unsecured creditors on March 28, 2026, via video conferencing, to consider the proposed amalgamation of Utkarsh CoreInvest Limited into the Bank. The meeting was chaired by Dr. Santosh Kumari, appointed by the NCLT Allahabad Bench, and was attended by 16 unsecured creditors along with the Bank's directors, MD & CEO Govind Singh, CFO Sarju Simaria, and the scrutinizer. Unsecured creditors were given the opportunity to vote on the amalgamation resolution through remote e-voting (March 25–27) and during the meeting. The results of the e-voting, along with the scrutinizer's report, will be disclosed to the stock exchanges separately.
This is a procedural step in the ongoing amalgamation of Utkarsh CoreInvest into the Bank. Once creditor and other approvals are secured and NCLT sanctions the scheme, it could simplify the holding structure. The stock is unlikely to react sharply until the final NCLT order and e-voting results are announced.