Niyogin Fintech Receives RBI In-Principle Scheme Approval

Niyogin Fintech received RBI in-principle approval on April 30, 2026 for its composite demerger and amalgamation scheme involving its NBFC business and iServeU.
The scheme involves demerging NFL's NBFC business into NFL 2 followed by amalgamating NFL's remaining business with iServeU, with specific share exchange ratios for shareholders.
BSE provided 'no adverse observations' on January 22, 2026, and the scheme remains subject to NCLT, shareholder, and creditor approvals.
The NBFC division represented 20.61% of NFL's FY24 consolidated turnover of ₹40.34 crore before the restructuring.