Ugro Capital sets 20 Nov 2026 hearing on Profectus merger scheme

Mergers & acquisitions
non-banking financial company

Blacklitt Research22 October 20262 min read

Ugro Capital (NSE: UGROCAP) said in a filing on 22 Oct 2026 that the Scheme of Amalgamation petition with Profectus Capital Private Limited is scheduled for final hearing and disposal on 20 Nov 2026 before the National Company Law Tribunal, Mumbai Bench. The tribunal admitted the petition on 9 Oct 2026.

Key highlights

Final hearing scheduled: 20 Nov 2026
Petition admitted by NCLT Mumbai Bench: 9 Oct 2026
Newspaper notice: at least 10 days before the hearing date
Representations window: thirty days from receipt of notice

The scheme petition in numbers

Item	Detail
Transferor company	Profectus Capital Private Limited (CIN U65999MH2017PTC295967)
Transferee company	UGRO Capital Limited
Tribunal	National Company Law Tribunal, Mumbai Bench
Provisions cited	Sections 230 to 232 read with Section 52, Companies Act, 2013
Petition admitted	9 Oct 2026
Final hearing and disposal	20 Nov 2026
Newspaper notice	At least 10 days before the hearing, in Business Standard and navshakti
Representations from authorities	Within thirty days of receipt of notice
Earlier intimation on the scheme	22 Sep 2026

What the NCLT order directs

The NCLT order dated 9 Oct 2026 directs the petitioners to issue notices to statutory authorities under Section 230(5) of the Companies Act, 2013. It states that those authorities may make representations within thirty days of receipt of notice.

The order adds that if no representation is received within that period, it will be presumed that the authority has no representation to make on the proposal. The same order directs the petitioners to publish notice of the hearing at least 10 days before the hearing date in Business Standard and navshakti.

An update to an earlier intimation

The filing refers to an earlier intimation on the scheme dated 22 Sep 2026 and describes this filing as an update on the final hearing date. The NCLT order is enclosed and was uploaded to the NCLT portal on 22 Oct 2026.

The Transferor Company, Profectus Capital Private Limited, is identified in the filing by CIN U65999MH2017PTC295967. The order records the petition as CP(CAA)/155(MB) 2026 in CA(CAA)/141(MB) 2026.

What the scheme hearing means for UGRO Capital's shareholders

The filing confirms that the scheme petition is listed for final hearing and disposal on 20 Nov 2026 before the NCLT Mumbai Bench. The filing does not state the share exchange ratio or consideration, the appointed or effective date, the reason for the amalgamation, its financial effect on UGRO Capital, whether any authority has made a representation, or whether the newspaper notices have been published.

The next dated step in the filing is the final hearing on 20 Nov 2026. The filing does not say what the tribunal will decide at that hearing.

Reference: Original filing (PDF)

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