Niyogin Fintech schedules scheme approval meetings for October 30
- Meetings for equity shareholders, secured creditors, and unsecured creditors are scheduled for October 30, 2026
- Scheme involves amalgamation with Niyogin Finserv Limited and iServeU Technology Private Limited
- Remote e-voting window opens October 26, 2026, and closes October 29, 2026
- Equity shareholder eligibility is determined by holdings as of October 23, 2026
*this image is generated using AI for illustrative purposes only.
Niyogin Fintech Limited has scheduled meetings for equity shareholders, secured creditors, and unsecured creditors on October 30, 2026, to vote on its proposed composite scheme of arrangement. The gatherings will be held via video conferencing to approve the amalgamation with Niyogin Finserv Limited and iServeU Technology Private Limited.
The meetings are convened pursuant to directions from the National Company Law Tribunal (NCLT), Chennai Bench. The scheme involves Niyogin Fintech as the demerged and amalgamating company, Niyogin Finserv as the resulting company, and iServeU as the amalgamated company. This follows an earlier disclosure made on September 22, 2026.
Meeting Schedule
The company has outlined specific time slots for each class of stakeholders on Friday, October 30, 2026. All sessions will be conducted through video conferencing or other audio-visual means.
| Class of Meeting | Time (IST) | Date |
|---|---|---|
| Equity Shareholders | 10:30 am | October 30, 2026 |
| Secured Creditors | 11:30 am | October 30, 2026 |
| Unsecured Creditors | 12:30 pm | October 30, 2026 |
Voting and Eligibility Details
Remote e-voting facilities are available for all three classes of participants. The National Securities Depository Limited (NSDL) has been engaged to provide the voting infrastructure and video conferencing services.
The cut-off dates for determining eligibility vary between equity holders and creditors. Equity shareholders must have been registered as of October 23, 2026, while creditors are assessed based on their status as of March 31, 2026.
| Participant Class | Cut-off Date for Eligibility | Remote E-voting Window |
|---|---|---|
| Equity Shareholders | October 23, 2026 | Oct 26, 9:00 am to Oct 29, 5:00 pm |
| Secured Creditors | March 31, 2026 | Oct 26, 9:00 am to Oct 29, 5:00 pm |
| Unsecured Creditors | March 31, 2026 | Oct 26, 9:00 am to Oct 29, 5:00 pm |
Notice Dispatch
The company dispatched notices along with explanatory statements on September 29, 2026. Equity shareholders with registered email addresses received digital copies, while those without registered emails received physical copies. Similarly, secured and unsecured creditors were notified via email if their addresses were on record, otherwise through physical mail.
Historical Stock Returns for Niyogin Fintech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.91% | -4.25% | -6.14% | +35.85% | -18.78% | -32.22% |
How will the post-merger entity's consolidated balance sheet impact its credit rating and future borrowing costs?
What are the expected synergies in revenue generation and operational efficiency from integrating iServeU’s technology with Niyogin Finserv’s financial services?
How might the amalgamation affect the competitive positioning of the resulting company within India's digital lending and fintech landscape?
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