NFNiyogin Fintech538772Scheme of arrangement

Proceedings of NCLT-convened unsecured creditors' meeting on the composite scheme

Niyogin Fintech shared the summary of proceedings of its unsecured creditors' meeting held on October 30, 2026 at 12:30 p.m. IST via video conference.

By ScoutQuest · Fri 30 Oct 2026, 1:07 PM IST · 2 min read

Meeting Date and Time

October 30, 2026 at 12:30 p.m. IST

NCLT Order Date

September 11, 2026

Remote E-voting Window

09:00 A.M. on October 26 to 05:00 P.M. on October 29, 2026

Creditors' meeting held

• Niyogin Fintech Limited held a meeting of its unsecured creditors on Friday, October 30, 2026 at 12:30 p.m. IST through video conferencing and other audio-visual means.
• The meeting was convened on the directions of the Hon'ble National Company Law Tribunal, Chennai Bench, contained in its order dated September 11, 2026.
• Shri Kuldeep Karir, appointed by the NCLT as Chairperson, chaired the meeting. The company records that the requisite quorum was present and the meeting was called to order.

What was put to the creditors

• The single agenda item was to consider and approve the Composite Scheme of Arrangement and Amalgamation between Niyogin Fintech Limited (Demerged Company / Amalgamating Company), Niyogin Finserv Limited (Resulting Company) and iServeU Technology Private Limited (Amalgamated Company), and their shareholders and creditors.
• The scheme is being considered under Sections 230 to 232 read with Section 66 and Section 52 of the Companies Act, 2013, the route used for court-supervised arrangements such as mergers and demergers.

How the voting worked

• Remote e-voting was open from 09:00 A.M. IST on Monday, October 26, 2026 to 05:00 P.M. IST on Thursday, October 29, 2026.
• Creditors who did not vote remotely could vote at the meeting itself through the e-voting facility, which stayed open for 15 minutes after the proceedings concluded.
• Advocate Udit Jain was the Scrutinizer appointed to scrutinise the e-voting.

What to watch next

• The e-voting results, along with the Scrutinizer's Report, will be made available on the company's website and on the website of BSE Limited, where the shares are listed.
• The number of votes cast for and against the scheme, as set out in that report, is the figure that shows how the creditor vote went.
• The meeting was closed at 12.57 P.M. IST after the e-voting process.

For a retail reader

• This is a procedural step in the court-directed restructuring: the company has informed the exchange that the creditors' meeting took place as directed, with quorum present, and what was placed before the creditors.
• The summary is a record of the meeting's conduct and the voting window, and the voting outcome will come through the Scrutinizer's Report.
• The summary's text refers at places to "secured creditors" while the meeting is described as one of unsecured creditors of the company.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev