StockWatch
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Non Banking Financial Company (NBFC)
Legal12 Aug 2026, 06:30 pm

Ugro Capital Receives NCLT Order for Scheme of Amalgamation

AI Summary

Ugro Capital Ltd has received the certified copy of the National Company Law Tribunal (NCLT) Order dated August 6, 2026. This order directs the convening of meetings for Equity Shareholders, Secured Creditors, and Unsecured Creditors within 90 days to consider and approve a proposed Scheme of Amalgamation. The meetings will be conducted via video conferencing or other audio-visual means. The scheme involves the amalgamation of Profectus Capital Private Limited (Transferor Company) with Ugro Capital Limited (Transferee Company). The certified copy of the order is available on the company's website. The scheme is still subject to regulatory and other necessary approvals. Ugro Capital will continue to update the stock exchanges on further developments.

Key Highlights

  • NCLT order received for scheme of amalgamation with Profectus Capital.
  • Meetings of shareholders and creditors to be convened within 90 days.
  • Amalgamation subject to regulatory and other approvals.
  • Company to keep stock exchanges informed of progress.