Utkarsh Small Finance Bank Limited Receives Approval for Amalgamation Scheme
Utkarsh Small Finance Bank Limited announced that its unsecured creditors have approved the scheme of amalgamation between Utkarsh CoreInvest Limited and Utkarsh Small Finance Bank Limited. The approval followed a meeting of unsecured creditors convened by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, held on March 28, 2026.The scheme was approved with a requisite majority. The voting results, including e-voting results, were detailed in a report issued by Scrutinizer Sumit Agrawal of M/s Sumit K.B. Agrawal & Co., Chartered Accountants, dated March 31, 2026.
A total of 19 unsecured creditors participated in the e-voting, representing a value of Rs. 333.38 Lakh. All votes cast were in favor of the resolution.
The total outstanding amount of the unsecured creditors as of the cut-off date of November 30, 2025, was Rs. 10,052.97 Lakh. The e-voting period ran from March 25, 2026, to March 27, 2026, and included e-voting during the meeting on March 28, 2026. The e-voting platform was provided by National Securities Depository Limited (NSDL).
| Particulars | Number of Unsecured Creditors | Value of the Unsecured Creditors (Rs. Lakh) |
|---|---|---|
| Total Unsecured Creditors entitled to vote (as on cut-off date) | 1292 | 10053 |
| Total Unsecured Creditors who participated in e-voting (Remote + at the Meeting) | 19 | 333.38 |
| Votes cast in FAVOUR of the Resolution | 333.38 | |
| Votes cast AGAINST the Resolution | ||
| Invalid / Abstained Votes |
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