In continuation to its communications with respect to the Scheme of Amalgamation of Equitas Holdings (‘Transferor Company/EHL’) and Equitas Small Finance Bank (‘Transferee Company/ESFBL’) and their respective shareholders and creditors (‘the Scheme’). In this regard, Equitas Holdings has informed that the Hon’ble National Company Law Tribunal, Division II, Chennai Bench (‘NCLT’) vide its order pronounced on 12.01.2023 has sanctioned the Scheme pursuant to the provisions of Sections 230-232 and other applicable provisions of the Companies Act, 2013. The order copy as received from the Hon’ble NCLT on 16.01.2023 is attached. The Appointed Date for the said Amalgamation is January 1, 2023. The Scheme shall become effective upon filing of the certified copy of the order passed by Hon’ble NCLT with the Registrar of Companies, Chennai, Tamilnadu by the Transferor and Transferee Companies which shall be intimated to the stock exchanges in due course.
The above information is a part of company’s filings submitted to BSE.