UGRO Capital, RRP Defense and G R Infraprojects to see some action today

UGRO Capital has completed its 100% acquisition of Profectus Capital, marking one of the most value-accretive transactions in its journey to build India’s leading MSME lending institution, strengthening scale, profitability, capital productivity, and return ratios, and positioning the company for accelerated earnings growth over the next several years. The transaction represents highly efficient deployment of UGRO’s recent equity rise into a fully secured, high-yield asset base that is accretive to capital adequacy and enhances the profitability per unit of capital deployed. In addition, Profectus established lender relationships to strengthen UGRO’s liability franchise, supporting better funding costs and incremental spread improvement.

RRP Defense has entered into Mutual Non-Disclosure agreement (MNDA) with Taharbadkar Solutions. The parties to the Agreement Shall collaborate for the development, supply and commercialization of Component’s related to the DART -Dirven Ammunition Reduced Time Flights System being developed under the AIDITI 2 programme of IDEX for Indian Navy application. The collaboration aims to combine the technical expertise, resources, and domain capabilities of the Parties to ensure effective execution of the project, fulfilment of development requirements, and enabling future commercial deployment, in line with the objectives of the Ministry of Defence innovation framework.

G R Infraprojects’ wholly owned subsidiary -- GR Shirsad Masvan Expressway has received provisional completion certificate for the project of ‘Construction of Eight lane access controlled Expressway from Km 26+582 to Km 50+700 of Main Expressway and Km 0+0 to Km 3+000 of SPUR (Shirsad to Masvan Section of Vadodara Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity mode under Bharatmala Pariyojana (Phase II-Package XIII)’.

Precision Electronics has been awarded an order from a private entity in the Aerospace & Defense segment for supply of Masts with accessories. The company will deliver the Masts with accessories as per the customer specifications. Order value is about Rs 1.83 crore. 

Indus Towers has incorporated Wholly Owned Subsidiary (WOS) by the name of ‘Indus Towers FZE’ in the United Arab Emirates (UAE) as per the Certificate of Incorporation issued on December 08, 2025. The said entity will, inter-alia, consider investment in African markets starting with Nigeria, Uganda and Zambia.

VTM has signed a Memorandum of Understanding with the Government of Tamil Nadu to invest Rs 50 crores in a span of two years for manufacture of Cotton Grey Fabric and Home Textiles Products in Madurai and Virudhunagar Districts, with an intent to create around 40 direct jobs and 10 indirect jobs.

Ethos has inaugurated a new Exclusive Brand Boutique ‘TUDOR’ at Gurugram. This boutique marks a significant milestone in strengthening the company’s luxury brand portfolio and further consolidates its presence in one of India’s most prominent luxury retail markets. With this launch, the company continues to bring the world’s most coveted brands to discerning customers in India.