Ugro Capital Limited's Board of Directors, in a meeting held on January 8, 2026, has approved the Scheme of Amalgamation for merging its wholly owned subsidiary, Profectus Capital Private Limited (PCPL), with the company. This amalgamation is being carried out under Sections 230-232 of the Companies Act, 2013, and is subject to approvals from the National Company Law Tribunal (NCLT), stock exchanges, SEBI, RBI, and other regulatory authorities.

PCPL, a non-deposit taking NBFC, focuses on secured lending to MSMEs and factoring business. Ugro Capital also specializes in MSME and small business financing, offering a diversified portfolio. The merger is expected to strengthen the combined entity's asset mix with higher secured assets, improve operational efficiencies through geographic and product alignment, achieve sustainable long-term growth, and optimize capital utilization. It will also lead to reduced management overlaps and compliance costs.

Additionally, the Board approved an increase in the borrowing limit for Commercial Papers from ₹500 crore to ₹800 crore. The Board meeting commenced at 4:30 PM and concluded at 6:30 PM on January 8, 2026.