Ugro Capital Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedManagement Changes View source PDF Explain this filing

UGROCAP · price

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

+2.8%Reaction day

₹107.47

prior close

₹108.66

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+1.2% vs market

Non Banking Financial Company (NBFC) peers, median of 209sector+0.5%+2.4% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 2.4 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 209Pending

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

AI summary

Sharad Agarwal has resigned as Chief Operations and Technology Officer (KMP) of Ugro Capital Limited, effective 05th May 2026, to pursue alternate career opportunities. The resignation is amicable, with Agarwal serving the notice period as per company policy and ensuring smooth transition. The company has immediately appointed Satyabrata Mohapatra as the new Chief Operations Officer. Mohapatra has been with the company for over four years, previously serving as Head - Operations and Customer Service, and brings 20 years of work experience including roles at Aditya Birla Housing Finance Ltd.

Likely market impact

This is a KMP-level change in senior management with immediate internal succession, suggesting minimal disruption to operations. For shareholders, the voluntary resignation of an operations/technology leader is relatively neutral given the quick internal replacement by an experienced team member.