UGRO Capital Announces Senior Management Change: Satyabrata Mohapatra Appointed as Chief Operations Officer

UGRO Capital Limited has announced a change in its senior management, disclosing the resignation of Mr. Sharad Agarwal as Chief Operations & Technology Officer and the appointment of Mr. Satyabrata Mohapatra as Chief Operations Officer, both effective May 5, 2026. The disclosure was made pursuant to Regulation 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

The key changes in senior management are summarised below:

Parameter:	Mr. Satyabrata Mohapatra	Mr. Sharad Agarwal
Change Type:	Appointment as Chief Operations Officer	Resignation as Chief Operations & Technology Officer
Effective Date:	May 5, 2026	May 5, 2026 (cessation as per contract/company's policy)

Mr. Agarwal, in his resignation letter addressed to the Chief Executive Officer, stated that he is pursuing an alternate career opportunity. He confirmed that he will serve his notice period as per the contract/company's policy and will ensure a smooth transition and handover of the function.

Profile of the Incoming Chief Operations Officer

Mr. Satyabrata Mohapatra has been with UGRO Capital for over four years, serving as Head - Operations and Customer Service prior to this appointment. During his tenure, he has been instrumental in building and scaling the Operations and Customer Service functions. He has managed a broad range of operational areas, including:

Branch Operations
Central Operations
Co-lending Operations
Treasury Operations
P&A/SCF Operations
Audit

Before joining UGRO Capital, Mr. Mohapatra served as Central Head - Retail Asset Operations at Aditya Birla Housing Finance Ltd. He brings 20 years of work experience to his new role. Mr. Mohapatra holds an Advanced Diploma in Networking & Software from NIIT Hyderabad and a Bachelor of Science (B.Sc.) degree.

Regulatory Disclosure

The intimation was signed by Satish Kumar, Company Secretary and Compliance Officer of UGRO Capital, and has been uploaded on the company's website. The disclosure includes the details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, pertaining to changes in senior management.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.15%	+1.49%	+23.72%	-37.85%	-35.27%	-1.48%

UGRO Capital Limited has submitted a corrigendum to its audited financial results for the quarter and year ended March 31, 2026, addressing an inadvertent disclosure error identified in note (8) of the standalone financial results. The corrigendum was submitted to BSE Limited and National Stock Exchange of India Limited on April 30, 2026. The company clarified that the revision is limited solely to this specific note and does not impact any financial figures reported in the Statement of Financial Results, Statement of Assets and Liabilities, or Statement of Cash Flows for both standalone and consolidated financial statements.

The Statutory Auditor's Report issued by M/s Sharp & Tannan in respect of the audited financial results remains unchanged and is not being reissued. The original results were submitted to the exchanges on April 20, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

For the year ended March 31, 2026, UGRO Capital reported standalone total income of Rs. 1,84,039.62 lakh, compared to Rs. 1,44,184.57 lakh in the previous year. The company recorded a profit for the year of Rs. 11,336.77 lakh, down from Rs. 14,392.99 lakh in the corresponding period. Total comprehensive income for the year stood at Rs. 11,394.58 lakh.

On a consolidated basis, total income for the year reached Rs. 2,02,111.13 lakh, with profit for the year at Rs. 17,481.42 lakh. Total comprehensive income was reported at Rs. 17,525.22 lakh. The consolidated results include the financial performance of subsidiaries Profectus Capital Private Limited (effective December 8, 2025) and Datasigns Technologies Private Limited (effective March 18, 2026).

Key Financial Metrics

Metric	Standalone FY26	Standalone FY25	Consolidated FY26
Total Income (Rs. in lakh)	1,84,039.62	1,44,184.57	2,02,111.13
Profit for the Year (Rs. in lakh)	11,336.77	14,392.99	17,481.42
Total Assets (Rs. in lakh)	12,34,609.75	9,16,831.22	14,07,502.14
Net Worth (Rs. in lakh)	2,84,471.27	2,04,638.94	2,90,601.91
Basic EPS (Rs.)	9.13	15.52	14.08

Balance Sheet Position

As of March 31, 2026, the company's standalone total assets stood at Rs. 12,34,609.75 lakh, representing a significant increase from Rs. 9,16,831.22 lakh in the previous year. Financial assets constituted the major portion at Rs. 11,78,191.04 lakh, with loans amounting to Rs. 8,31,452.82 lakh. Total liabilities were reported at Rs. 9,50,138.48 lakh, while total equity stood at Rs. 2,84,471.27 lakh.

On the consolidated balance sheet, total assets reached Rs. 14,07,502.14 lakh as of March 31, 2026. Financial assets totaled Rs. 13,08,559.46 lakh, with loans at Rs. 10,29,316.55 lakh. Total liabilities were Rs. 11,16,900.23 lakh, and total equity amounted to Rs. 2,90,601.91 lakh.

Regulatory Disclosures

The company's debt-equity ratio stood at 3.24 for standalone and 3.71 for consolidated operations as of March 31, 2026. The net profit margin was reported at 6.16% on a standalone basis and 8.65% on a consolidated basis. Gross Stage 3 loans exposure ratio was 3.66% standalone, while Net Stage 3 ratio stood at 2.24%. Capital to risk-weighted assets ratio was maintained at 21.17% for the standalone entity.

The audited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on April 20, 2026. Sharp & Tannan Associates, Chartered Accountants, issued an unmodified opinion on both standalone and consolidated financial results.

Source: None/Company/INE583D01011/05a56fe9bf6845df.pdf