UGRO Capital is set to merge with its wholly-owned subsidiary, Profectus Capital.

This merger aims to strengthen the combined entity's asset mix, expand operations, and drive synergies for long-term growth and value for stakeholders.

Since Profectus is a wholly-owned subsidiary, UGRO Capital's existing shareholding pattern will remain unchanged, with no new shares issued.

The NCLT has now directed meetings of UGRO Capital shareholders and both companies' creditors for approval within 90 days, following prior consents from RBI, BSE, and NSE.