Ugro Capital Limited publishes shareholder and creditor meeting notices for scheme of amalgamation
Ugro Capital Limited, a Mumbai-based non-bank financial institution, has informed the NSE of newspaper publication of notices convening meetings of equity shareholders and both secured and unsecured creditors. This formality is the statutory precursor to scheme circulation and NCLT petitioning under Companies Act ss. 230–232. The target counterparty, merger consideration, and effective date remain confidential pending NCLT review. Shareholder and creditor approval gates the subsequent NCLT application.
Why it mattersEarly-stage scheme announcements via stock exchange intimation precede NCLT jurisdiction filing-monitor for subsequent CCI notification requirements and the formal scheme order timing, which typically follows creditor/shareholder approval by 4–8 weeks.
Counsel—
SectorFinancial Services
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Sources
- NSE Archives – UGROCAP Corporate Action Intimation (19 Aug 2026) · official
- NSE Corporate Action Database – UGROCAP (ongoing) · official
- NCLT (National Company Law Tribunal) – Delhi / Mumbai Bench · official
- RBI – NBFC Regulatory Approvals Portal (if applicable) · official
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