Ugro Capital Limited Announces Board Meeting Outcomes, Approves Rs. 3,000 Crore NCD Issuance, and Confirms New Audit Appointment
Ugro Capital Limited announced key outcomes following its Board of Directors meeting held on April 20, 2026. The board approved the audited financial statements for the financial year ended March 31, 2026, and also recommended the re-appointment of Mr. Shachindra Nath as the company's Vice Chairman and Managing Director.In terms of corporate finance, the Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs. 3,000 crores on a private placement basis.
Key Corporate Governance Decisions
During the meeting, the board considered and recommended the re-appointment of Mr. Shachindra Nath (DIN: 00510618) as the Vice Chairman and Managing Director for a further period of five years. This appointment is effective from June 22, 2026, to June 21, 2031, pending shareholder approval.The company also addressed changes in its statutory auditors. The board noted the completion of the tenure of M/s Sharp & Tannan Associates. Following a recommendation from the Audit Committee, the board approved the appointment of M/s G.P. Kapadia & Co., Chartered Accountants, as Statutory Auditors for a period of three years. This tenure covers the financial years 2026-27, 2027-28, and 2028-29, effective from the conclusion of the ensuing 33rd Annual General Meeting.
The board also approved the convening of the 33rd Annual General Meeting of shareholders on Friday, May 29, 2026.
Financial Results and Audits
The board approved the Audited Financial Statements (Consolidated and Standalone) for the financial year ended March 31, 2026, and the audited financial results for the quarter and financial year ended March 31, 2026. The company also considered and recommended granting Employee Stock Options to employees of its subsidiaries.The statutory auditor, M/s Sharp & Tannan Associates, confirmed that the audit report on the financial results (consolidated and standalone) for the financial year ended March 31, 2026, was issued with an unmodified opinion.
The following table details the key financial metrics for the year ended March 31, 2026, based on the audited consolidated standalone results (Amounts are in Rupees lakh):
| Metric | Quarter Ended March 31, 2026 | Year Ended March 31, 2026 |
|---|---|---|
| Total income | 63,172.14 | 2,02,111.13 |
| Total expense | 56,047.69 | 1,77,760.63 |
| Profit before tax | 7,124.45 | 24,350.50 |
| Total tax expense | 2,013.71 | 6,869.08 |
| Profit for the period/year | 5,110.74 | 17,481.42 |
| Total comprehensive income | 6,331.73 | 17,525.22 |
| Basic EPS (per share) | 3.35 | 14.08 |
Balance Sheet Summary
As of March 31, 2026, the consolidated statements show the total assets of the Group at Rs. 14,07,502.14 lakh, compared to Rs. 9,16,831.22 lakh recorded in the previous year's standalone books. The total liabilities and equity also reached Rs. 14,07,502.14 lakh.Consolidated Statement of Assets and Liabilities (as at March 31, 2026)
(Amounts in Lakh)| Particulars | As at March 31, 2026 |
|---|---|
| TOTAL ASSETS | 14,07,502.14 |
| Non-financial assets | 98,942.68 |
| Property, plant and equipment | 3,304.75 |
| Other non-financial assets | 18,230.10 |
| Financial assets | 13,08,559.46 |
| Cash and cash equivalents | 1,37,752.72 |
| Loans | 10,29,316.55 |
| TOTAL LIABILITIES AND EQUITY | 14,07,502.14 |
| Equity | 2,90,601.91 |
| TOTAL LIABILITIES | 11,16,900.23 |
Cash Flow Summary
The Statement of Consolidated Cash Flows for the year ended March 31, 2026, indicated that the Group generated a net cash flow of Rs. 1,00,020.55 lakh, increasing the cash and cash equivalents balance from the beginning of the year.| Activity | For the year ended March 31, 2026 |
|---|---|
| Net cash generated from operating activities | 21,352.57 |
| Net cash used in investing activities | (1,96,430.42) |
| Net cash generated from financing activities | 2,75,098.40 |
| Net increase in cash and cash equivalents | 1,00,020.55 |
UGROCAP Stock Price Movement
Shares of Ugro Capital Limited today slipped by 1.77% to settle at ₹112.23, marking a decline of ₹2.03. The stock concluded its trading session with a solid volume of 764,476 shares.Source:
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