Utkarsh Small Finance Bank: Unsecured Creditors Approve Scheme of Amalgamation with Utkarsh CoreInvest Limited

Utkarsh Small Finance Bank Limited, pursuant to an order of the National Company Law Tribunal (NCLT), held a meeting on March 28, 2026, for the purpose of considering a scheme of amalgamation with Utkarsh CoreInvest Limited. The meeting, conducted through video conferencing, was attended by unsecured creditors who voted in favor of the scheme with the necessary majority. The scrutinizer's report, submitted on March 31, 2026, confirms the fair and transparent conduct of the voting process. The total outstanding amount of the unsecured creditors as of the cut-off date was INR 16,70,00,000. The e-voting was conducted through the National Securities Depository Limited's (NSDL) e-voting platform, with the Electronic Voting Event Number 138699.