Niyogin Fintech Ltd

Niyogin Fintech Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench, has allowed its first motion application related to a Scheme of Arrangement. This order, dated September 11, 2026, and uploaded on September 22, 2026, directs the convening of meetings for equity shareholders and creditors of Niyogin Fintech Limited (NFL) and creditors of iServeU for approving the Scheme. Notably, meetings for certain classes of shareholders and creditors of NFL 2 and iServeU have been dispensed with. This development follows earlier approvals, including an observation letter from BSE and in-principle approval from the Reserve Bank of India.

Niyogin Fintech Ltd announced the closure of its trading window for all designated persons and their immediate relatives. The closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter and half year ended September 30, 2026 (Q2 FY27). This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The date for the Board meeting to approve these results will be communicated separately.

Niyogin Fintech Limited has announced its intent to enter into a strategic partnership with Sammaan Capital Limited. Under this non-binding agreement, Sammaan Capital will explore extending credit facilities and undertaking periodic portfolio buyouts from Niyogin. The partnership aims to build a portfolio of up to ₹500 crore over the next 36 months, leveraging Niyogin's technology-led embedded lending solutions for underserved MSMEs. This collaboration will enable Niyogin to scale credit delivery through its distribution network, while Sammaan Capital gains access to Niyogin's digital origination network and can test new credit products in a capital-efficient manner. The deal is subject to regulatory approvals and definitive agreements.

Niyogin Fintech Limited has announced its 38th Annual General Meeting (AGM) to be held on Wednesday, September 23, 2026, at 4:30 p.m. IST via Video Conferencing. The company has also submitted its Annual Report for FY 2025-26, detailing its first full year of consolidated profitability. The report highlights the successful transformation of its business entities, iServeU and the lending business, into profitable operations. The landmark composite scheme of arrangement is nearing completion, aiming to create two focused, independently listed entities: Niyogin Finserv (tech-enabled NBFC) and iServeU (payments infrastructure platform). The company has engaged NSDL for e-voting and VC facilities for the AGM, with e-voting commencing on September 19, 2026.

Niyogin Fintech Limited has announced its 38th Annual General Meeting (AGM) to be held on September 23, 2026, via Video Conferencing. The company has also submitted its Annual Report for FY 2025-2026, detailing a year of significant corporate transformation and consolidated profitability. The report highlights the successful pivot of iServeU to high-margin SaaS and technology services, and the lending business's return to profitability with a scaled partnership network. The composite scheme of arrangement, aiming to create two independently listed entities (Niyogin Finserv and iServeU), is nearing completion with final approval sought from the NCLT. E-voting services are provided by NSDL.

Niyogin Fintech Limited's Board of Directors has approved the sale of 1,94,414 equity shares (58%) and 45,076 Compulsorily Convertible Preference shares (100%) in its material subsidiary, Investdirect Capital Services Private Limited. This transaction, subject to shareholder approval, will result in Niyogin Fintech ceasing to control Investdirect and its step-down subsidiary, Moneymap Investment Advisors Private Limited. The board also approved the unaudited financial results for Q1 FY27 and recommended the re-appointment of Pijush Gupta & Co. as statutory auditors for a second five-year term. Additionally, the company decided not to proceed with the proposed appointment of Abhishek Thakkar as Whole-time Director and approved the re-designation of Ronak Shah as Deputy CFO and appointment of Jayesh Poojari as Chief Audit Officer.

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.

Niyogin Fintech Ltd reported Q1 FY27 consolidated net revenue of ₹22.1 Cr and a PBT (Ex-ESOP) of ₹-6.0 Cr. The company adopted a cautious stance due to environmental risks. The NBFC business showed measured performance with AUM at ₹332 Cr, while iServeU technologies faced challenges in UPI acquiring and device deployment due to chip shortages, impacting overall revenues. However, iServeU's recurring revenues grew significantly, and the business is transitioning towards a SaaS model. The company is progressing with its demerger plan, having filed an application with the NCLT. Despite missing guidance on headline numbers, Niyogin remains confident in delivering a profitable FY27 based on core revenue momentum.

Niyogin Fintech reported its Q1 FY27 results, highlighting continued strategic execution across its iServeU and NBFC businesses. Despite a cautious stance due to environmental risks, core revenue streams grew. iServeU experienced a revenue softening due to changes in UPI acquiring models and chip shortages affecting device deployments, though its recurring SaaS revenue increased. The NBFC business maintained a measured performance with calibrated portfolio growth and a strong balance sheet. Consolidated net revenue stood at ₹22.1 Cr, down 8% YoY, with a consolidated PBT of ₹(6.0) Cr. The company is progressing with its demerger plans, having filed an application with the NCLT.

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 58% equity shares and 100% CCPs in its material subsidiary, Investdirect Capital Services Private Limited, subject to shareholder approval. This divestment will result in Niyogin Fintech ceasing control over Investdirect. Additionally, the company announced the closure of its Register and Share Transfer Books from September 17-23, 2026, for the 38th AGM, which will be held via VC/OVAM on September 23, 2026. The proposed appointment of Abhishek Thakkar as Whole-time Director was not pursued. Ronak Shah was re-designated as Deputy CFO, and Jayesh Poojari appointed as Chief Audit Officer.