UGRO Capital Limited announced resignation of Mrs. Deepa Agar Hingorani as a Non-Executive (Nominee) Director of the company. Mrs. Deepa Hingorani was appointed as Non-Executive (Nominee) Director on the Board of the Company effective 18th May 2023 as nominated by Danish Sustainable Development Goals Investment Fund (IFU) being a large shareholder under the Articles of Association of the company. Further, it may be noted that Mrs. Hingorani has resigned from IFU to pursue another opportunity, consequently she has tendered her resignation as Non-Executive (Nominee) Director of the Company vide letter dated 25th April 2024, which is effective from 25th April 2024 on closure of business hours. In view of the resignation of Mrs. Hingorani, IFU has nominated Mr. Rohit Goyal to act as Non-Executive (Nominee) Director on the Board of the company on its behalf. Accordingly, in consonance with the recommendation of the Nomination and Remuneration Committee of the Company, the Board of Directors of the Company, on 25th April 2024, approved appointment of Mr. Goyal, as an Additional Non-Executive (Nominee) Director to the Board of Directors effective 25th April 2024. Mr. Rohit Goyal is currently working as a Vice President within the global financial services team at IFU, a Danish DFI, working to invest in financial
services institutions across emerging markets. Mr. Goyal has a cumulative experience of 20 years, of which 15 years has been within the financial services sector. Mr. Goyal is a B-Tech in mechanical engineering from IIT Delhi and is also a CFA charter holder.