Utkarsh CoreInvest Limited, the promoter of Utkarsh Small Finance Bank Limited , has confirmed that it did not create any encumbrance on the bank's equity shares during the financial year 2025-26. The disclosure, submitted to the stock exchanges, ensures compliance with regulatory norms governing substantial acquisitions and takeovers. This confirmation is significant as it assures stakeholders that the promoter's shareholding remains unencumbered, thereby maintaining transparency in the bank's ownership structure.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Utkarsh CoreInvest Limited, formerly known as Utkarsh Micro Finance Limited, addressed the communication to The BSE Limited and the National Stock Exchange of India Limited on April 02, 2026. The letter was signed by Neeraj Kumar Tiwari, Company Secretary, on behalf of the company.

The confirmation explicitly states that no encumbrance was made directly or indirectly on the equity shares of Utkarsh Small Finance Bank Limited during the specified period. This regulatory requirement is designed to monitor and disclose any potential pledges or charges on promoter holdings, which could impact the bank's governance and financial stability. The disclosure was also copied to the Audit Committee of the Board of Utkarsh Small Finance Bank for record-keeping purposes.

Key Details of the Disclosure

Utkarsh Small Finance Bank has informed the exchanges that the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, has scheduled a hearing for its scheme of amalgamation with Utkarsh CoreInvest Limited. The tribunal has listed the joint petition for hearing on July 23, 2026.

The development follows an order dated May 18, 2026, as pronounced by the Hon'ble NCLT. The bank disclosed that this order was uploaded on the NCLT website on May 20, 2026. As per the directive, the entity must comply with all directions contained in the order within the specified timelines.

Background of the Petition

The joint second motion petition was filed by Utkarsh Small Finance Bank and Utkarsh CoreInvest Limited on April 05, 2026. The filing was made under sections 230 to 232 of the Companies Act, 2013, and other applicable provisions to seek the sanction of the scheme.

Key Dates and Details

The bank stated that a certified copy of the order is currently awaited. The disclosure regarding this update is available on the bank's official website. This information is for the records of the shareholders and regulatory bodies.