NCLT Approves Amalgamation of Jana Holdings with Jana Capital, Promoter Entities of Jana Small Finance Bank
New Delhi : Jana Small Finance Bank Limited has informed the stock exchanges that it has received a copy of the order dated 3 November 2026 passed by the Hon’ble National Company Law Tribunal (NCLT), Division Bench – II, Chennai.
The order sanctions the Scheme of Amalgamation between Jana Holdings Limited (Transferor Company) and Jana Capital Limited (Transferee Company). Both entities form part of the Promoter/Promoter Group of Jana Small Finance Bank.
Key Details of the Scheme
- Nature of transaction: Amalgamation of Jana Holdings Limited with Jana Capital Limited under Sections 230-232 of the Companies Act, 2013.
- Appointed Date: 1 April 2024.
- Effect: Upon the Scheme becoming effective, Jana Holdings Limited shall stand dissolved without winding up. All its properties, rights, liabilities and employees will transfer to and vest in Jana Capital Limited.
- Shareholding impact: There will be no change in the percentage of promoter holding in Jana Small Finance Bank. Jana Capital Limited will directly hold the same shareholding that was earlier held by Jana Holdings Limited in the Bank.
Position of Jana Small Finance Bank
The Bank has clarified that it is not a party to the Scheme of Amalgamation. The scheme is confined to the restructuring of the promoter group entities and is intended to achieve operational efficiencies, reduce compliance requirements and simplify the holding structure.
The Company has submitted the NCLT order to BSE Limited and the National Stock Exchange of India Limited under Regulation 30 and 51 of the SEBI Listing Regulations for information and records.