Ugro Capital511742NCLT order update
NCLT admits amalgamation petition with Profectus Capital; final hearing on 20 November 2026
NCLT Mumbai Bench has admitted the company petition for the Scheme of Amalgamation of Profectus Capital Private Limited into UGRO Capital, the company told the exchanges.
By ScoutQuest · · 2 min read
- Final hearing date
- 20th November 2026
- Representation window for authorities
- thirty days to make representations
- Newspaper publication deadline
- at least 10 days before the hearing
A procedural step, not the finish line
- UGRO Capital has informed BSE and NSE about the company petition for the Scheme of Amalgamation of Profectus Capital Private Limited (the transferor company) into UGRO Capital (the transferee company) under Sections 230 to 232 of the Companies Act, 2013.
- The National Company Law Tribunal, Mumbai Bench, has admitted the petition on 9th October 2026 and fixed it for hearing and final disposal on 20th November 2026.
- The company's letter follows its earlier intimation dated 22nd September 2026 on the same Scheme.
What the tribunal order asks the companies to do
- Issue notice in Form CAA-3 to the authorities named under Section 230(5) of the Companies Act, 2013 - the Central Government, income-tax authorities, the Reserve Bank of India, SEBI, the Registrar of Companies, the stock exchanges, the Official Liquidator and the Competition Commission of India, as applicable - and file proof of service by all modes.
- Those authorities get thirty days from receipt of the notice to send a representation, if any. If nothing is received in that window, it is presumed they have no representation to make.
- At least 10 days before the hearing date, notice of the petition hearing must be published in two newspapers with wide circulation where the company's registered office and business are located - one English-language daily (Business Standard) and one vernacular daily (navshakti).
- The notices, along with a copy of the Scheme, must also be hosted on the companies' websites, if any.
What it means for a retail shareholder
- A merger between two companies needs tribunal approval. Admission of the petition and a fixed final hearing date mean the matter has moved to the last stage of that approval process.
- The Scheme does not become effective merely because the petition is admitted or a hearing date is set. It takes effect only after the tribunal process is completed and its order is acted upon.
- Regulators and other authorities named in the order can place their views before the tribunal within the thirty-day window, and the tribunal will consider them before passing its order.
Dates to keep in view
- Admission of the petition: 9th October 2026.
- Final hearing and final disposal: 20th November 2026.
- The thirty-day representation window for authorities and the 10-day pre-hearing newspaper publication requirement are the two working timelines set by the order.
Also from Ugro Capital
Board meeting on 5 November 2026 to consider unaudited results for quarter and half year ended 30 September 2026
16 Oct 2026
Viewer holding 10,000 shares of Ugro Capital at 188 and in loss asks whether to hold or sell; analyst recommends selling
12 Oct 2026
Allotment approved: up to 1,000 senior, unsecured, USD-denominated non-convertible bonds
10 Oct 2026
More numbers
- Window for statutory authorities to file representationthirty days
- Minimum advance period for newspaper notice before hearing10 days
Source: BSE · 22 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.