Secured creditors' meeting held on composite scheme of arrangement and amalgamation
Secured Creditors of Niyogin Fintech met on Oct 30, 2026 at 11:30 a.m. IST via video conference.
By ScoutQuest · · 2 min read
- Meeting Date and Time
- Oct 30, 2026 at 11:30 a.m. IST
- Meeting Mode
- video conference
- NCLT Order Date
- September 11, 2026
Secured creditors of Niyogin Fintech Ltd met on Friday, October 30, 2026 to transact business on the company's composite scheme of arrangement and amalgamation. The meeting was held through video conferencing and other audio-visual means from 11:30 a.m. IST.
What was put to the meeting
- The Composite Scheme of Arrangement of Niyogin Fintech Ltd (Demerged Company / Amalgamating Company), Niyogin Finserv Ltd (Resulting Company) and iServeU Technology Private Limited (Amalgamated Company) and their shareholders and creditors.
- Approval was sought under Sections 230 to 232 read with Section 66 and Section 52 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder.
Why the meeting was held
The Hon'ble National Company Law Tribunal, Chennai Bench, directed the company to convene the meeting through its order dated September 11, 2026. Shri Kuldeep Karir, appointed by the NCLT, chaired the meeting. The requisite quorum was present and the meeting was called to order.
How the voting worked
- Remote e-voting ran from 09:00 A.M. IST on Monday, October 26, 2026 to 05:00 P.M. IST on Thursday, October 29, 2026.
- Secured creditors who did not vote remotely could cast their votes during the meeting itself through the e-voting facility.
- The e-voting window was kept open for 15 minutes after the proceedings concluded, and the meeting was closed at 11.56 A.M. IST.
- Advocate Udit Jain was appointed the Scrutinizer to scrutinise the e-voting, both remote and at the meeting.
What happens 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 Ltd, where the company's shares are listed, within the prescribed timelines.
For a retail investor
This is a procedural step in the composite scheme, which involves three entities: Niyogin Fintech Ltd, Niyogin Finserv Ltd and iServeU Technology Private Limited, and their shareholders and creditors. Creditors of Niyogin Fintech Ltd, the demerged and amalgamating company, were the ones whose vote was sought at this meeting. The numbers that will matter are the votes cast for and against the resolution, which will appear in the e-voting results and the Scrutinizer's Report.
Also from Niyogin Fintech
Board meeting on November 12, 2026 to consider unaudited results for September quarter
5 Nov 2026
Shareholders and creditors pass resolutions for the Composite Scheme of Arrangement and Amalgamation
2 Nov 2026
Proceedings of NCLT-convened unsecured creditors' meeting on the composite scheme
30 Oct 2026
More numbers
- E-voting window kept open after proceedings concluded15 minutes
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