Re-appointment of Mr. Shachindra Nath (DIN: 00510618) as the Vice Chairman and Managing Director of the Company

Management Changes View source PDF Explain this filing

UGROCAP · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹112.80

prior close

₹113.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-1.3% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.2%-0.4% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

+0.4

15m

-0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+1.1-1.3+0.2-0.4

Next day

-1.6+2.4-4.0+0.1-1.7

-4.2+2.1-6.3+0.1-4.3

-3.4+0.7-4.1-0.8-2.6

-4.9+3.1-8.0+0.0-4.9

-4.3+3.0-7.2+0.0-4.3

-3.0+2.6-5.6+0.0-3.0

15d

-11.2+3.2-14.3-1.8-9.3

-13.1+3.8-17.0-3.3-9.8

-11.3+13.1-24.4-2.8-8.5

-14.5+13.0-27.5-3.8-10.7

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ugro Capital reported FY2026 standalone total income of Rs. 1,84,040 lakh, up 27.6% from Rs. 1,44,185 lakh in FY2025. However, profit after tax declined to Rs. 11,337 lakh from Rs. 14,393 lakh, impacted by higher finance costs (Rs. 90,254 lakh vs Rs. 62,777 lakh) and increased impairment on financial instruments (Rs. 20,861 lakh vs Rs. 17,308 lakh). The Board approved re-appointment of Mr. Shachindra Nath as Vice Chairman and Managing Director for 5 years from June 22, 2026, subject to shareholder approval. Additionally, the company announced a change in statutory auditors from Sharp & Tannan Associates to G.P. Kapadia & Co. and authorized issuance of NCDs up to Rs. 3,000 crore. Asset quality weakened with Gross Stage 3 rising to 3.66% from 2.35% YoY. Capital adequacy remained healthy at 21.17%.

Likely market impact

The re-appointment of the Managing Director provides continuity in leadership. However, the decline in profitability and rise in NPA levels may concern investors. The large NCD issuance program indicates aggressive borrowing plans to fund growth.