Niyogin Fintech Ltd

Niyogin Fintech Limited convened a meeting of its equity shareholders on Friday, October 30, 2026, via video conference to consider and approve a Composite Scheme of Arrangement involving Niyogin Fintech Limited, Niyogin Finserv Limited, and iServeU Technology Private Limited, as directed by the Hon’ble National Company Law Tribunal, Chennai Bench. Shareholders were given the opportunity to vote electronically between October 26 and October 29, 2026, and through e-voting during the meeting, with results to be made available on the company's website and the website of BSE Limited.

Niyogin Fintech Limited submitted a certificate to the BSE Limited for the quarter ended September 30, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, with MUFG Intime India Private Limited confirming the dematerialisation of securities and their subsequent listing on stock exchanges.

Niyogin Fintech Limited announced that meetings of its equity shareholders, secured creditors, and unsecured creditors will be held on Friday, October 30, 2026, via video conference and other audio visual means, to discuss the Composite Scheme of Arrangement and Amalgamation involving Niyogin Fintech Limited, Niyogin Finserv Limited, and iServeU Technology Private Limited. The company dispatched notices and explanatory statements to shareholders and creditors on Tuesday, September 29, 2026, and has provided remote e-voting facility through NSDL, with a cut-off date of October 23, 2026, for equity shareholders and March 31, 2026, for secured and unsecured creditors.

Niyogin Fintech Limited announced that meetings of its equity shareholders, secured creditors, and unsecured creditors will be held on Friday, October 30, 2026, via video conference and other audio visual means, to discuss the Composite Scheme of Arrangement and Amalgamation involving Niyogin Fintech Limited, Niyogin Finserv Limited, and iServeU Technology Private Limited. The company dispatched notices and explanatory statements to shareholders and creditors on Tuesday, September 29, 2026, and has enabled remote e-voting for eligible shareholders and creditors with a cut-off date of October 23, 2026, and March 31, 2026, respectively.

Niyogin Fintech Limited announced that meetings of its equity shareholders, secured creditors, and unsecured creditors will be held on Friday, October 30, 2026, via video conference and other audio visual means, to discuss the Composite Scheme of Arrangement and Amalgamation involving Niyogin Fintech Limited, Niyogin Finserv Limited, and iServeU Technology Private Limited. The company dispatched notices and explanatory statements to shareholders and creditors on Tuesday, September 29, 2026, and has enabled remote e-voting for eligible shareholders and creditors with a cut-off date of October 23, 2026, and March 31, 2026, respectively.

A court order has approved a scheme of amalgamation involving a Demerged Company and an Amalgamated Company, requiring meetings to be held on October 30, 2026, at specified locations in Chennai. Equity shareholders, secured creditors, and unsecured creditors of both companies are required to attend, with quorum requirements ranging from one to 20 attendees per class. Shri. Kuldeep Karir and Shri. Astik Gupta will serve as chairpersons for the Demerged and Amalgamated Companies, respectively, receiving fees of Rs. 150,000 plus incidental expenses. Notices and advertisements must be disseminated at least 30 days prior to the meetings, and reports must be filed within one week of the meetings’ conclusion, adhering to relevant MCA Circulars and regulations under the Companies Act, 2013.

Niyogin Fintech Limited informed the BSE Limited that the trading window for designated persons and their immediate relatives will be closed from Thursday, October 01, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, with the date of the board meeting to consider and approve the results to be announced separately.

Niyogin Fintech Ltd share price inched up 1.53% to Rs 55.86. The Company's net profit tanked by 551.35% to Rs 5.01 crore, while revenue from operations slipped slightly by 8.88% to Rs 65.58 crore in Q2FY26 over Q1FY26. The market capitalization of Non Banking Financial Company (NBFC) industry group stocks on BSE stood at Rs 17.12 lakh crore, rising 6.93%. It has slipped by 2.65% over last one week and soared by 15.42% in last one month while the market capitalization of Niyogin Fintech Ltd has gained 12.71% and 26.58% in the same period respectively. Profit before tax (PBT) of Niyogin Fintech Ltd stood at Rs 6.16 crore in Q2 FY26, surging by 710.53% year-on-year, and nosediving by 533.80% quarter-on-quarter. EBITDA came in at Rs 5 crore, tanking 32.36% YoY and crashing by 27.85% sequentially. Total expenses eased by 4.05% to Rs 72.91 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 10.23 crore, softening 3.13% YoY. For the TTM ended FY26, revenue from operations surged 55.27% to Rs 303.98 crore, while net profit tumbled by 34.26% to Rs 16.33 crore, compared to previous TTM. EBITDA saw a sharp decline of 2204% to Rs 22.81 crore, and PBT fell 14.74% to Rs 22.27 crore compared to previous TTM. Niyogin Fintech Ltd softened by 0.15% in last one year, outperforming the benchmark BSE Sensex which has eased by 2.83% during the same period.

Niyogin Fintech Limited reported consolidated financial results for the quarter ended June 30, 2026, showing losses in both its Financing and Technology segments. Financing Related Activities generated Rs 3,501.04 lakhs in revenue but incurred a loss of Rs (34.91) lakhs, while Technology Related Activities posted Rs 3,174.57 lakhs in revenue with a loss of Rs (580.76) lakhs. The company holds Rs 35,425.22 lakhs in assets and Rs 18,073.84 lakhs in assets within the Financing and Technology segments respectively, alongside Rs 14,993.31 lakhs and Rs 14,578.72 lakhs in liabilities. A significant management overlay for Expected Credit Losses totaled Rs 488.71 lakhs, and the company holds Rs 1,781.85 lakhs in net unrecognised Deferred Tax Assets, contingent on future profitability. The results, reviewed by the Audit Committee and Statutory Auditors, include subsidiaries Iserveu Technology Private Limited, InvestDirect Capital Services Private Limited, Niyogin AI Private Limited, and Niyogin Finserv Limited.

Niyogin Fintech Limited, a technology-led financial services company operating within a BSE-listed entity, reported a challenging first quarter for fiscal year 2027, with consolidated net revenue reaching Rs 22.1 crore and a net loss of Rs 5.0 crore. The company’s iServeU segment, providing payments and technology infrastructure, experienced a significant decline impacting overall profitability, while its NBFC business, focused on embedded lending through partnerships, remained profitable with Rs 10.2 crore in net interest income. Niyogin Fintech’s strategic focus remains on embedded finance, leveraging partnerships and technology leadership, supported by an order book of Rs 546 crore for its iServeU segment. The company has expanded its capabilities through acquisitions, including wealth tech platform MoneyFront, and recently partnered with Pax Technology for payment solutions.