Ugro Capital: NCLT Orders Shareholder/Creditor Meetings for Merger Scheme

Ugro Capital Ltd has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, directing the convening of meetings for its Equity Shareholders, Secured Creditors, and Unsecured Creditors. These meetings, to be held within 90 days of the order's upload, are to consider and approve a Scheme of Amalgamation with Profectus Capital Private Limited. The NCLT order follows an earlier application filed by Ugro Capital regarding the scheme. The amalgamation is subject to applicable regulatory and other approvals. Ugro Capital will continue to inform the stock exchanges of further developments.