Utkarsh Small Finance Bank Limited has informed the Exchange about the Voting Results and Scrutinizer Report of NCLT Convened Meeting of Unsecured Creditors held on March 28, 2026.
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Utkarsh Small Finance Bank has received approval from its unsecured creditors for the Scheme of Amalgamation with Utkarsh CoreInvest Limited (the promoter company). The NCLT-convened meeting held on March 28, 2026 approved the scheme with 100% votes in favor. Out of 1,292 unsecured creditors entitled to vote (with Rs. 10,052.97 lakh outstanding), 19 creditors participated representing Rs. 333.38 lakh, all voting in favor. The scheme had already received RBI approval (January 2025) and stock exchange clearances (July 2025). The amalgamation will merge Utkarsh CoreInvest Limited into the bank.
The unanimous approval by unsecured creditors clears a key hurdle for the amalgamation. This promoter-level merger could streamline operations and strengthen the bank's capital structure, which is generally positive for shareholders.