Niyogin Fintech Approves Financial Results, Divestment of Subsidiary
Niyogin Fintech Ltd's Board of Directors met on August 13, 2026, approving the Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026. The board also approved the re-appointment of Pijush Gupta & Co. as Statutory Auditors for a second five-year term. A significant decision was the approval for the sale of equity and preference shares in its material subsidiary, Investdirect Capital Services Private Limited, representing 58% and 100% respectively. This divestment will result in Niyogin Fintech ceasing control over Investdirect. The company also announced the closure of its register and share transfer books from September 17-23, 2026, and the 38th Annual General Meeting will be held on September 23, 2026, via video conferencing. Additionally, the proposed appointment of Abhishek Thakkar as Whole-time Director was not pursued, and Ronak Shah was re-designated as Deputy CFO, with Jayesh Poojari appointed as Chief Audit Officer.
Key Highlights
- Approved Q1 FY27 Unaudited Financial Results (Standalone & Consolidated).
- Approved divestment of 58% equity and 100% CCPs in Investdirect Capital Services.
- Recommended re-appointment of Pijush Gupta & Co. as Statutory Auditors.
- Announced 38th AGM on Sep 23, 2026, via VC; Register closure Sep 17-23.
- Decided not to proceed with Abhishek Thakkar's Whole-time Director appointment.
Price Impact
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