Intimation of Notice of Annual General Meeting to be held on May 29, 2026
UGROCAP · price
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UGRO Capital Limited has announced its 33rd AGM to be held on May 29, 2026 via video conferencing. The meeting will consider adoption of FY 2025-26 financial statements, re-appointment of Mr. Rohit Goyal as director, and appointment of M/s G.P. Kapadia & Co. as new Statutory Auditors. Key agenda item is the re-appointment of Mr. Shachindra Nath as Vice Chairman and Managing Director for 5 years from June 22, 2026, with total fixed compensation of INR 10 Crores for FY 2026-27 (INR 7 Crores TFC + INR 3 Crores Deferred Fixed Compensation). Mr. Nath has extended personal guarantees of approximately INR 1,830 Crores for the company without any commission. The company also seeks approval for variable compensation including share price-linked pay for Mr. Nath, and extension of ESOP scheme to subsidiary employees.
Shareholders should note the significant compensation package for the Managing Director and new auditor appointment. The continuation of promoter leadership with personal guarantees provides stability but involves concentration of control. ESOP extension to subsidiaries aligns employee interests with shareholders.