Ugro Capital Ltd Files Application for Amalgamation Scheme with Profectus Capital Private Limited
Ugro Capital Limited has initiated a formal legal process to facilitate an amalgamation scheme involving Profectus Capital Private Limited. The company filed a Company Application with the National Company Law Tribunal, Mumbai Bench, on July 16, 2026, to proceed with the merger of the two entities.The proposed transaction involves Profectus Capital Private Limited acting as the Transferor Company and Ugro Capital Limited serving as the Transferee Company. The scheme is structured under Sections 230 to 232, read with Section 52, and other applicable provisions of the Companies Act, 2013.
The move follows a sequence of corporate actions initiated earlier this year. On January 8, 2026, the Board of Directors of Ugro Capital Limited approved the Scheme. Subsequently, on July 10, 2026, the company received observation letters from stock exchanges regarding the transaction.
While the application has been submitted to the National Company Law Tribunal, the successful completion of the amalgamation remains contingent on several critical milestones. The scheme is subject to:
| Requirement Category | Details |
|---|---|
| Shareholder Approval | Necessary consent from existing shareholders of both companies |
| Creditor Approval | Consent from the respective creditors of the companies |
| Tribunal Sanction | Official sanction from the National Company Law Tribunal |
| Regulatory Approvals | Various other regulatory and statutory approvals as required |
The company continues to manage the progression of the merger and will provide updates on further developments regarding the Scheme's status.
UGROCAP Stock Price Movement
Ugro Capital Limited shares edged higher today to settle at ₹96.73, gaining 0.56%. The stock saw a total traded volume of 53,698 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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