StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action2 Nov 2026, 07:03 pm

Niyogin Fintech Creditors Approve Composite Scheme of Arrangement

AI Summary

Niyogin Fintech Ltd announced that the resolutions presented at the meeting of its Unsecured Creditors, convened as per the NCLT Chennai Bench order, have been passed with the requisite majority. This meeting, held on October 30, 2026, along with separate meetings for Equity Shareholders and Secured Creditors, was part of a Composite Scheme of Amalgamation and Arrangement involving Niyogin Fintech Limited, Niyogin Finserv Limited, and Iserveu Technology Private Limited. The voting results, including remote e-voting, confirmed the approval of the scheme by all stakeholder groups.

Key Highlights

  • Unsecured Creditors approved the Composite Scheme of Arrangement.
  • Resolutions passed with the requisite majority.
  • Meetings held for Equity Shareholders, Secured, and Unsecured Creditors.
  • Scheme involves Niyogin Fintech, Niyogin Finserv, and Iserveu Technology.
  • NCLT Chennai Bench order mandated the creditor meetings.