Dhruva Capital Services Limited has announced the launch of NeoMoney, an innovative digital lending platform scheduled to go live on April 15th, 2026. The AI-driven platform represents a significant step forward in India's fintech landscape, combining advanced technology with regulatory compliance to deliver instant credit solutions across the country.

Platform Features and Technology

NeoMoney operates on a comprehensive AI-driven infrastructure that enables intelligent underwriting and automated decision-making processes. The platform's technology stack includes several key components designed for optimal performance and security.

Product Specifications

The lending platform offers flexible credit solutions tailored for quick financial needs. NeoMoney provides a streamlined borrowing experience with competitive terms and instant processing capabilities.

Target Market and Benefits

The platform specifically targets two primary demographic segments: students aged 18-30 years and salaried professionals aged 18-50 years. NeoMoney offers several advantages designed to enhance user experience and accessibility.

Key benefits include:

• Instant loan access available 24x7
• Zero processing fees
• Fast disbursement capabilities
• Flexible tenure options
• Secure data protection protocols
• Dedicated customer support services

Platform Availability and Leadership

Initially, NeoMoney will be available on the Indus App Store and Google Play Store within the coming days. The company has planned to launch the iOS version within the coming months, expanding accessibility across all major mobile platforms.

The platform operates under the leadership of Mr. Shreeram Bagla, who serves as Founder & Director. The company's vision focuses on building NeoMoney into a leading digital lending platform in India, delivering instant, small-ticket credit solutions for emergency needs while driving financial inclusion through innovation, trust, and scalable technology.

Dhruva Capital Services Limited has officially withdrawn its proposed amalgamation scheme with Vector Finance Private Limited, marking the end of a merger process that began in September 2025. The Board of Directors made this decision during their meeting on April 08, 2026, effectively canceling the Scheme of Amalgamation and Arrangement between the two companies.

Board Meeting Details and Decision

The Board meeting, which commenced at 11:30 A.M. and concluded at 12:15 P.M. on April 08, 2026, focused on reviewing and approving the cancellation of the merger scheme. The original amalgamation proposal was structured under Sections 230 to 232 of the Companies Act, 2013, with Vector Finance Private Limited serving as the transferor company and Dhruva Capital Services Limited as the transferee company.

Reasons for Scheme Withdrawal

The company cited two primary factors that led to the decision to abandon the amalgamation process:

• Pending BSE Approval: The listing application filed with the exchange remains under review, creating uncertainty about the merger's regulatory clearance
• Valuation Changes: Significant changes in the company's valuation have occurred since the relevant date of the original scheme approval

These factors collectively influenced the Board's decision to withdraw from the amalgamation process rather than continue with the regulatory and administrative procedures.

Timeline and Regulatory Compliance

The amalgamation scheme had a brief but structured timeline. The Board initially considered and approved the proposal on September 12, 2025, with the meeting outcome duly filed with BSE on the same date. The scheme was formulated to include respective shareholders and creditors of both companies under the applicable provisions of the Companies Act, 2013.

Corporate Governance and Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shreeram Bagla, Whole-time Director with DIN 01895499, signed the disclosure document, ensuring proper corporate governance protocols were followed throughout the process.

The company has confirmed that it will not be proceeding further with any aspects of the amalgamation process, bringing the merger proposal to a definitive conclusion.