Intimation under Regulation 30 of SEBI (LODR) Regulation
UGROCAP · price
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Awaiting price reaction for this filing.
UGRO Capital has received the Reserve Bank of India's 'No Objection' to its proposed Scheme of Amalgamation merging Profectus Capital Private Limited (a wholly owned subsidiary) into UGRO Capital. The Board had originally approved the scheme on January 8, 2026, and the RBI application was filed on January 9, 2026. The RBI clearance came on February 25, 2026, with certain conditions attached. The company has now applied to BSE and NSE for an observation letter under SEBI LODR Regulations 37 and 59A. The scheme still needs approvals from NCLT, stock exchanges, shareholders, and creditors before it can take effect.
Since Profectus Capital is already a wholly owned subsidiary, this is an internal consolidation and does not change UGRO Capital's overall business scale or trigger any share issuance to public shareholders. No immediate material impact on share price is expected from this update; the key milestone will be when NCLT approval comes through.