02 March 2026
Utkarsh Small Finance BankLimited has received a significant regulatory approval for its proposed amalgamation scheme with Utkarsh CoreInvest Limited. The bank announced on February 13, 2026, that it has received the National Company Law Tribunal (NCLT) order dated February 11, 2026, which schedules crucial meetings for stakeholder approval of the merger.
NCLT Order Details
The NCLT Allahabad Bench has directed the bank to conduct two separate meetings on March 28, 2026, as part of the amalgamation approval process. Both meetings will be held through video conferencing, reflecting the modern approach to corporate governance proceedings.
Background of Amalgamation Scheme
The amalgamation process involves Utkarsh Small Finance Bank Limited as the transferee company and Utkarsh CoreInvest Limited as the transferor company. The joint application was initially filed with the NCLT on December 26, 2025, under sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
The scheme requires approval from both equity shareholders and unsecured creditors (excluding non-convertible debenture holders) before it can proceed to the final stages of implementation.
Regulatory Compliance and Transparency
The bank has ensured full compliance with regulatory requirements by making the NCLT order publicly accessible through the tribunal's official website. The order has been uploaded on the NCLT e-filing portal, demonstrating the bank's commitment to transparency in the amalgamation process.
Utkarsh Small Finance Bank has also confirmed that all relevant disclosures will be made available on its official website atwww.utkarsh.bank.in, ensuring stakeholders have easy access to important information regarding the merger proceedings.
Next Steps
The bank is currently awaiting the certified copy of the NCLT order. The upcoming meetings on March 28, 2026, will be crucial for determining stakeholder sentiment regarding the proposed amalgamation scheme. The approval from both equity shareholders and unsecured creditors will be essential for the successful completion of the merger process.
Meeting Type: Date & Time Mode Equity Shareholders Meeting: March 28, 2026, 12.30 PM (IST) Video Conferencing Unsecured Creditors Meeting: March 28, 2026, 3.30 PM (IST) Video Conferencing
Utkarsh Small Finance BankLimited has received a significant regulatory approval for its proposed amalgamation scheme with Utkarsh CoreInvest Limited. The bank announced on February 13, 2026, that it has received the National Company Law Tribunal (NCLT) order dated February 11, 2026, which schedules crucial meetings for stakeholder approval of the merger.
NCLT Order Details
The NCLT Allahabad Bench has directed the bank to conduct two separate meetings on March 28, 2026, as part of the amalgamation approval process. Both meetings will be held through video conferencing, reflecting the modern approach to corporate governance proceedings.
Background of Amalgamation Scheme
The amalgamation process involves Utkarsh Small Finance Bank Limited as the transferee company and Utkarsh CoreInvest Limited as the transferor company. The joint application was initially filed with the NCLT on December 26, 2025, under sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
The scheme requires approval from both equity shareholders and unsecured creditors (excluding non-convertible debenture holders) before it can proceed to the final stages of implementation.
Regulatory Compliance and Transparency
The bank has ensured full compliance with regulatory requirements by making the NCLT order publicly accessible through the tribunal's official website. The order has been uploaded on the NCLT e-filing portal, demonstrating the bank's commitment to transparency in the amalgamation process.
Utkarsh Small Finance Bank has also confirmed that all relevant disclosures will be made available on its official website atwww.utkarsh.bank.in, ensuring stakeholders have easy access to important information regarding the merger proceedings.
Next Steps
The bank is currently awaiting the certified copy of the NCLT order. The upcoming meetings on March 28, 2026, will be crucial for determining stakeholder sentiment regarding the proposed amalgamation scheme. The approval from both equity shareholders and unsecured creditors will be essential for the successful completion of the merger process.
Meeting Type: | Date & Time | Mode |
|---|---|---|
Equity Shareholders Meeting: | March 28, 2026, 12.30 PM (IST) | Video Conferencing |
Unsecured Creditors Meeting: | March 28, 2026, 3.30 PM (IST) | Video Conferencing |
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