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U Gro Capital Appoints Satyananda Mishra As Non-Executive Chairman

The Board considered it appropriate to appoint a Non-Executive Board Member as its Chairman

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The Board of Directors of U GRO Capital approved the financial results for the quarter and financial year ended 31st March 2022 at its meeting held in hybrid mode on Tuesday.

U GRO would be completing 3 years of its operational run and has achieved approximately Rs 3,000 crore of asset under management.

U GRO’s Board consists of a majority of Independent Directors and given its size and growth momentum, the Board considered it appropriate to appoint a Non-Executive Board Member as its Chairman. As a result, Satyananda Mishra, who is an existing Independent Director of the company, was appointed as the Non-Executive Chairman.

Mishra is the former Chief Information Commissioner of India (December 2010 to September 2013). He has a diverse and exemplary career of more than 40 years in the Indian Administrative Services (batch of 1973). He was the Chairman and Non-Executive Independent Director of the Multi Commodity Exchange of India Limited from November 2013 till November 2016. He served as the Director of Small Industries Development Bank of India until 2018 and as a Development Commissioner of Small-Scale Industries in the Government of India. During his stint as the Chief Information Commissioner, he had set a new benchmark in transparency in politics wherein the Central Information Commission under his leadership held political parties answerable under the Right to Information Act. Additionally, he has also held the position of Former Secretary for various government departments like Department of Personnel & Training (DoPT), Public Works Department (PWD) and Department of Culture (MP Government).

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U GRO Capital Ltd Satyanand Mishra