UGRO Capital Limited has announced the relocation of its registered office within Mumbai, marking an operational shift for the financial services company. The move was approved by the Board of Directors and communicated to stock exchanges on March 13, 2026.

Board Approval and Regulatory Compliance

The company's Board of Directors passed a resolution on March 13, 2026, approving the change in registered office address. The decision was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Office Relocation Details

The registered office shift involves a move within the same locality in Mumbai:

Corporate Information

UGRO Capital Limited operates under the Corporate Identification Number L67120MH1993PLC070739. The company trades on stock exchanges with scrip code 511742 on BSE and symbol UGROCAP on NSE.

The notification was signed by Satish Kumar, Company Secretary and Compliance Officer, and the information has been made available on the company's website at www.ugrocapital.com for stakeholder reference.

UGRO Capital Limited has successfully completed its postal ballot process for the appointment of a new Non-Executive Director, with shareholders demonstrating strong support for the corporate governance initiative. The company submitted the voting results to stock exchanges on March 13, 2026, following the conclusion of the e-voting period.

Postal Ballot Details and Timeline

The postal ballot process was conducted entirely through electronic voting, with the notice dated February 07, 2026, being dispatched to shareholders on February 09, 2026. The e-voting period commenced on February 11, 2026, at 9:00 a.m. IST and concluded on March 12, 2026, at 5:00 p.m. IST. The company engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process.

Appointment Resolution and Voting Results

The sole agenda item was an Ordinary Resolution for the appointment of Mr. Ramanathan Subramanian Arun Kumar (DIN: 09101691) as a Non-Executive (Nominee) Director of the company. The resolution received overwhelming support from shareholders across all categories.

Shareholder Participation and Compliance

A total of 153 members participated in the e-voting process, representing 47,785,103 shares, which constituted 34.1669% of the total outstanding shares. The postal ballot notice was sent electronically to 38,182 members who had registered their email addresses with the depositories. For shareholders without registered email addresses, public notices were published in "Business Standard" (English) and "Navshakti" (Marathi) newspapers on February 09, 2026.

Scrutinizer's Confirmation

CS Pankaj Kumar Nigam of Pankaj Nigam & Associates served as the scrutinizer for the postal ballot process. The scrutinizer confirmed that all regulatory requirements under Section 108 and 110 of the Companies Act, 2013, and related rules were duly complied with. The resolution was deemed passed on March 12, 2026, the last date of voting.

Share Capital Considerations

The total share count of 139,857,828 includes 2,472,820 equity shares (1.77% of share capital) held by UGRO Employees Benefit Trust, whose trustees are not entitled to vote under SEBI regulations. Additionally, the company had approved conversion of Compulsorily Convertible Debentures into equity shares totaling 152,38,108 shares between November 2025 and January 2026, but these were not included in voting results as trading approval was pending as of the cut-off date.