UGRO Capital files amalgamation application with NCLT for Profectus Capital merger

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UGROCAP · price

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

+2.1%Reaction day

₹96.64

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 214sector+0.0%+2.1% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 2.1 pts more 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.

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Reaction day

+2.1+0.6+1.4+0.0+2.1

Next day

-0.1+0.9-1.1-0.3+0.2

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-14.9+5.1-20.0-1.9-13.0

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 214Pending

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

AI summary

UGRO Capital and Profectus Capital have filed a Company Application with NCLT Mumbai on July 16, 2026, seeking approval for their scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013. The merger plan was earlier approved by UGRO's board in January 2026 and received stock exchange observation letters in July 2026. The scheme still requires approval from shareholders, creditors, the NCLT, and other regulatory authorities before it can take effect.

Likely market impact

Positive step toward Profectus Capital merger, which could expand UGRO's business. Still pending shareholder and NCLT approvals before completion.