ESAF Financial Holdings NCLT-Approved Share Capital Restructuring

NCLT Kochi Bench approves first motion for ESAF Financial Holdings' scheme of arrangement with its shareholders, dispensing with shareholder meetings.
The scheme involves selective cancellation of shares for 37 identified shareholders and transfer of ESAF Small Finance Bank shares as non-cash consideration.
Restructuring is mandated by RBI to ensure Dia Vikas Capital's direct holding in ESAF SFB remains below 5% and in holding company below 20%.
Company has no creditors and obtained 99.96% shareholder consent; scheme aims for regulatory compliance without prejudicing stakeholders.