Intimation of newspaper advertisement for notice of postal ballot dated 20th June 2025
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital Limited has submitted copies of newspaper advertisements published on 21st June 2025 in Business Standard (English) and Navshakti (Marathi), regarding the dispatch of its Postal Ballot Notice and remote e-voting information. The Postal Ballot, issued under Sections 108 and 110 of the Companies Act, 2013, seeks shareholder approval for a special resolution, which appears to relate to the issuance of Non-Convertible Debentures on a private placement basis. The remote e-voting period is open from 9:00 AM on 21st June 2025 to 5:00 PM on 20th July 2025, conducted through the NSDL e-voting platform. Mr. Nagesh Dinkar Modh has been appointed as the scrutinizer. The notice and e-voting instructions are available on the company's website (www.ugrocapital.com).
Shareholders of Ugro Capital should review the Postal Ballot notice and exercise their voting rights through the NSDL remote e-voting platform before the 20th July 2025 deadline. The result of this vote could impact the company's capital-raising plans if the resolution pertains to NCD issuance, potentially affecting future debt obligations and financial flexibility.