Announced Fri, 17 Jul · 17:36 IST
UGRO Capital files amalgamation application with NCLT for Profectus Capital merger
Regulatory & Legal View source PDF
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹96.64
prior close
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base price
After-mkt
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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.