Key Quantitative Figures
No specific financial figures, amounts, or quantitative metrics were disclosed in this procedural update.
Dates of Action
- NCLT Order Date: September 11, 2026
- Meeting Date: October 30, 2026 at 12:30 p.m. IST
- Remote e-voting period: October 26, 2026 (09:00 A.M. IST) to October 29, 2026 (05:00 P.M. IST)
- Meeting concluded: October 30, 2026 at 12:57 P.M. IST
Parties Involved
- Demerged Company/Amalgamating Company: Niyogin Fintech Limited (NFL)
- Resulting Company: Niyogin Finserv Limited (NFL 2)
- Amalgamated Company: iServeU Technology Private Limited (iServeU)
- Regulatory Body: National Company Law Tribunal, Chennai Bench (NCLT)
- Chairperson: Shri Kuldeep Karir (appointed by NCLT)
- Scrutinizer: Advocate Udit Jain
- Company Secretary: Neha Daruka
Purpose/Rationale
The meeting was convened to consider and approve the Composite Scheme of Arrangement and Amalgamation between Niyogin Fintech Limited, Niyogin Finserv Limited and iServeU Technology Private Limited and their respective shareholders and creditors under Sections 230 to 232 read with Section 66 and Section 52 and other applicable provisions of the Companies Act, 2013.
Voting Process Details
The meeting was conducted through Video Conference/Other Audiovisual Means (VC/OAVM). Remote e-voting was available from October 26-29, 2026, and e-voting facility was also provided during the meeting. The e-voting facility remained open for 15 minutes post conclusion of proceedings. The scrutinizer's report and e-voting results will be made available on the company's website and BSE Limited website within prescribed timelines.
Corporate Structure Impact
The scheme involves arrangement and amalgamation between three entities, but specific capital structure impacts, dilution effects, or holding changes were not quantified in this disclosure.
Financial Impact
Financial impact not quantified in the disclosure. This filing primarily addresses the procedural aspects of the creditors' meeting.