Utkarsh Small Finance Bank Limited has informed the Exchange regarding Proceedings of Court Convened Meeting of Equity Shareholders held on March 28, 2026
UTKARSHBNK · price
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Utkarsh Small Finance Bank held a court-ordered meeting of its equity shareholders on March 28, 2026, via video conferencing, as directed by the NCLT Allahabad Bench (order dated February 11, 2026). The sole business on the agenda was the approval of the Scheme of Amalgamation of Utkarsh CoreInvest Limited (a group/entity company) into and with the Bank. A total of 43 members attended the meeting chaired by an NCLT-appointed Chairperson. Shareholders cast their votes entirely through e-voting (remote e-voting from March 25 to March 27, 2026, plus during-meeting voting for 30 minutes after conclusion). The meeting concluded at 1:50 p.m., and the combined e-voting results along with the Scrutinizer's report will be disclosed to the exchanges separately.
This is a procedural milestone in the NCLT-driven amalgamation of Utkarsh CoreInvest into the Bank. Shareholders should watch for the e-voting outcome, which will determine whether the amalgamation scheme moves to the next stage. A favourable vote simplifies the holding structure but the immediate stock impact is likely limited pending the final NCLT and regulatory approvals.