Ugro Capital Shareholders, Secured & Unsecured Creditors Approve Amalgamation Scheme
Ugro Capital Limited's equity shareholders, secured creditors, and unsecured creditors approved the Scheme of Amalgamation with Profectus Capital Private Limited. Meetings were held on September 22, 2026, via VC/OAVM, following an NCLT order. All stakeholder groups passed the resolution with the required majority.
The approval of the amalgamation scheme is a significant corporate action that will fundamentally alter the company's structure and operations, thus having a high impact.
The announcement details the successful approval of a crucial amalgamation scheme by all key stakeholder groups (shareholders, secured creditors, and unsecured creditors), which is a positive development for the company's strategic growth.
Ugro Capital Limited announced the proceedings and voting results of the NCLT-convened meetings of its equity shareholders, secured creditors, and unsecured creditors, held on September 22, 2026. These meetings were convened pursuant to an order from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated August 6, 2026, to consider and approve the Scheme of Amalgamation between Profectus Capital Private Limited (Transferor Company) and Ugro Capital Limited (Transferee Company).
The meetings for equity shareholders, secured creditors, and unsecured creditors were held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The resolution to approve the Scheme of Amalgamation was passed by all three groups with the requisite statutory majority.
For equity shareholders, the remote e-voting period was from September 19, 2026, to September 21, 2026. The meeting commenced at 10:30 AM IST and concluded at 10:38 AM IST. The voting results indicated overwhelming support for the amalgamation scheme.
The meeting for secured creditors commenced at 12:15 PM IST, was adjourned due to want of quorum, and resumed at 12:45 PM IST. It concluded at 12:51 PM IST. The resolution for the amalgamation scheme was also passed by the secured creditors.
The meeting for unsecured creditors commenced at 2:30 PM IST, was adjourned due to want of quorum, and resumed at 3:00 PM IST. It concluded at 3:06 PM IST. The unsecured creditors also approved the Scheme of Amalgamation with the required majority.
Summary of proceedings, voting results, and scrutinizer's reports for all three meetings have been submitted to the stock exchanges and will be displayed on the company's website.
What to do with a filing like this
Ugro Capital Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ugro Capital Limited. Read the original for the full detail.