Submission of voting results of the postal ballot dated 20th June 2025 and Scrutinizer's Report.
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ugro Capital has submitted the voting results of its postal ballot concluded on 20th July 2025. All four special resolutions were passed with the requisite majority (over 76% in favour). The resolutions cover: (1) acquisition of Profectus Capital Private Limited, (2) issuance of Compulsory Convertible Debentures (CCDs) on a preferential basis to identified investors, (3) increase in authorised share capital, and (4) alteration of the capital clause in the Memorandum of Association. About 6.54 crore shares (70.14% of total eligible shares) participated in the e-voting. Promoters and institutional investors voted 100% in favour across all resolutions, while public non-institutional shareholders were more divided — roughly 61.5% voted in favour and 38.5% against each resolution.
Shareholders have greenlit the Profectus Capital acquisition and a preferential CCD issue, which means existing equity holders could see dilution once the CCDs convert. The increase in authorised capital paves the way for further fundraising or share issuance. The roughly one-third opposition from retail/public shareholders signals some concern about dilution, though the resolutions comfortably passed.