Ugro Capital Limited has informed the Exchange regarding Change in Auditors of the company.
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ugro Capital's board approved audited FY26 results with an unmodified (clean) opinion from statutory auditors. Total income rose to Rs. 1,84,039 lakh from Rs. 1,44,185 lakh, but net profit fell to Rs. 11,337 lakh from Rs. 14,393 lakh due to higher finance costs and impairment charges. The board noted the end of tenure of Sharp & Tannan Associates and approved the appointment of G.P. Kapadia & Co. as the new statutory auditor for three years (FY27–FY29), subject to shareholder approval. Mr. Shachindra Nath was recommended for re-appointment as Vice Chairman and Managing Director for another five years from June 22, 2026. The board also approved raising up to Rs. 3,000 crore via non-convertible debentures on a private placement basis. Gross Stage 3 (NPA) assets rose to 3.66% from 2.35% a year ago, and the 33rd AGM is scheduled for May 29, 2026.
Routine auditor rotation at end of term is governance-positive and not a red flag, but the drop in FY26 net profit and rising NPAs may weigh on the stock. The Rs. 3,000 crore NCD raise supports business growth funded through two recent acquisitions (Profectus Capital and Datasigns Technologies).