U GRO Capital Vice Chairman and Managing Director, Mr. Shachindra Nath`s Unwavering Belief in UGRO Capital's Future
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Mr. Nath, Founder and now the Vice Chairman and Managing Director, has long envisioned UGRO Capital as an Institutionally owned, independently supervised, and Professionally managed enterprise. His journey began in 2018, with the acquisition of the listed NBFC – Chokhani Securities Ltd., and its transformation into UGRO Capital with the support of private equity investors. From personally investing his family's entire disposable surplus to reinvesting additional liquidity, his decisions have always echoed his profound faith in UGRO's future.
Recently, the Board of Directors acknowledged his relentless contributions with a bonus of INR 14 million (net of taxes). Demonstrating his indomitable faith in UGRO Capital's potential, Mr. Nath decided to reinvest the entire bonus by purchasing 46300 shares of the company from the secondary market.
The letter filed with the stock exchanges provides a comprehensive view of this development, his vision for UGRO Capital, and the ambitious future the team is meticulously crafting. It is an embodiment of a leader's confidence in a venture and his unwavering commitment to its success.
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