Notice of 33rd Annual General Meeting of the Company scheduled to be held on Friday, 29th May 2026
UGROCAP · price
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Ugro Capital Ltd has called its 33rd AGM on 29th May 2026 via video conferencing. The meeting will consider adoption of FY 2025-26 standalone and consolidated financial statements, re-appointment of Mr. Rohit Goyal as director, and appointment of M/s G.P. Kapadia & Co. as new Statutory Auditors. A key 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 Cost of INR 7 Crores plus Deferred Fixed Compensation of INR 3 Crores for FY 2026-27 (total INR 10 Crores). Mr. Nath has extended personal guarantees of approximately INR 1,830 Crores to the Company's lenders without guarantee commission, and holds equity of approximately INR 40 Crores. A Special Resolution seeks approval for variable compensation including share price-linked pay for Mr. Nath, and another extends ESOP scheme benefits to subsidiary employees.
The re-appointment of Mr. Shachindra Nath with substantial compensation and personal guarantees demonstrates strong promoter commitment. The share price-linked variable pay aligns management interests with shareholders. The new auditor appointment and ESOP extension to subsidiaries are routine governance matters that should not materially impact stock performance.