Ugro Capital NCLT Admits Scheme Petition for Profectus Capital Merger

BANKINGFINANCE
Whalesbook Corporate News Logo
AuthorRiya Kapoor|Published at:
Ugro Capital NCLT Admits Scheme Petition for Profectus Capital Merger

Ugro Capital has received NCLT approval for its petition regarding the merger with Profectus Capital Private Limited. With the final hearing set for November 20, 2026, the company is now initiating mandatory statutory and public notice requirements to proceed with the legal amalgamation process.

Ugro Capital NCLT Petition Admission

NCLT Admission Date: 9th October 2026
Final Hearing Date: 20th November 2026

Reader Takeaway: NCLT admission formalizes the merger timeline; regulatory clearances and public notices remain the final procedural hurdles.

What just happened

Ugro Capital Limited has officially received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, admitting the company’s petition for the Scheme of Amalgamation with Profectus Capital Private Limited. This legal milestone confirms that the tribunal has formally accepted the filing, setting the stage for the final phase of the merger process.

Why this matters

The admission of the petition provides shareholders with a clear regulatory timeline. It signals that the amalgamation is proceeding through the necessary judicial channels. This step is a prerequisite for finalizing the corporate structure, which aims to integrate the operations of Profectus Capital into Ugro Capital.

What changes now

The company is now required to execute specific legal and procedural obligations to move toward the final hearing. These include:

  • Serving statutory notices to regulatory bodies, including the Reserve Bank of India, SEBI, the Income Tax department, and the Central Government.
  • Publishing formal notices in Business Standard (English) and Navshakti (vernacular) at least 10 days before the hearing.
  • Ensuring all relevant documents and notices are hosted on the company’s official website for public inspection.

What to track next

Investors should look for updates regarding the successful completion of these public notices and any potential representations from the notified statutory authorities. The final hearing scheduled for November 20, 2026, will be the next critical event determining the legal finalization of the merger.

Disclaimer: This article is published for informational purposes only. This is not a buy sell recommendation.