Utkarsh Small Finance Bank has informed that the National Company Law Tribunal (NCLT), Allahabad Bench, has fixed the hearing of the joint company petition for the scheme of amalgamation of Utkarsh CoreInvest Limited with Utkarsh Small Finance Bank Limited on July 23, 2026. The petition was filed by the petitioner companies on April 5, 2026, under Sections 230 to 232 of the Companies Act, 2013.

The order to fix the hearing was passed by the Hon'ble Tribunal on May 18, 2026. Any person desirous of supporting or opposing the joint company petition must send a notice of their intention to the petitioner company 2 at the bank's registered office. The notice, signed by the person or their advocate, must include their name and address and reach the bank not later than two days before the hearing date, i.e., July 23, 2026.

In cases where a person seeks to oppose the petition, the grounds of opposition or a copy of their affidavit must be furnished with the notice. A copy of the joint company petition will be made available to any person requiring the same upon payment of the prescribed charges.

Utkarsh Small Finance Bank has completed the sale of stressed assets, including non-performing assets (NPA) and written-off loans, to Asset Reconstruction Companies (ARCs). The transaction, concluded via the Swiss Challenge Method, involves an aggregate principal outstanding of ₹726.82 crore as on March 31, 2026. The bank received a total consideration of ₹149.55 crore for the transfer of these three distinct asset pools, a move aimed at cleaning up its balance sheet.

The sale was approved by the authorised Management Committee on June 26, 2026. The assets were divided into three pools: Pool 1 and Pool 2 consisting of unsecured microfinance institution (MFI) loans, and Pool 3 comprising secured commercial vehicle and construction equipment loans. The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Asset Sale

The following table outlines the specifics of the three asset pools sold to the respective buyers:

Muthiah Ganapathy, Company Secretary & Compliance Officer, signed the regulatory filing on June 30, 2026. The disclosure is available on the bank's official website.