UGRO Capital shareholders approve Profectus Capital amalgamation

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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AI summary

UGRO Capital's NCLT-convened equity shareholder meeting on 22 Sep 2026 approved the Scheme of Amalgamation with Profectus Capital Private Limited. The special resolution passed with 99.998% of votes polled in favour (around 6.14 crore shares) versus just 1,071 votes against. Promoters voted 100% in favour. The revised results correct a typographical error in the earlier filing.

Likely market impact

Strong shareholder approval clears the way for the Profectus Capital amalgamation; further NCLT and regulatory steps still pending.