UGRO Capital Allots ₹45 Crore Non-Convertible Debentures Through Private Placement
UGRO Capital Limited completed the allotment of ₹45 crore non-convertible debentures through private placement on March 18, 2026. The issue comprises 45,000 NCDs with ₹10,000 face value each, carrying 9.50% annual interest payable monthly. The 13-month tenure debentures mature on April 18, 2027, and are secured by equity share pledge, proposed for BSE listing.
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UGRO Capital Limited has announced the successful allotment of non-convertible debentures worth ₹45 crores through private placement. The Investment and Borrowing Committee of the Board of Directors approved this allotment on March 18, 2026, under the provisions of Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Debenture Issue Details
The company has allotted 45,000 listed, rated, senior, secured, transferable, redeemable, non-convertible debentures denominated in Indian Rupees. Each debenture carries a face value of ₹10,000, aggregating to a total issue size of ₹45 crores.
| Parameter | Details |
|---|---|
| Issue Size | ₹45,00,00,000 (₹45 Crores) |
| Number of Debentures | 45,000 |
| Face Value per Debenture | ₹10,000 |
| Issue Type | Private Placement |
| Allotment Date | March 18, 2026 |
Terms and Conditions
The debentures carry an attractive interest rate of 9.50% per annum, payable on a monthly basis. The instruments have a tenure of 13 months from the date of allotment and are scheduled to mature on April 18, 2027.
| Financial Terms | Specifications |
|---|---|
| Interest Rate | 9.50% per annum |
| Payment Frequency | Monthly |
| Tenure | 13 months |
| Maturity Date | April 18, 2027 |
| Redemption | At par on maturity |
| Default Interest | Coupon rate plus 2.0% per annum |
Security and Listing
The debentures are secured by a first ranking, exclusive and continuing pledge over equity shares in favor of the Debenture Trustee. This security arrangement covers all outstanding amounts, including accrued interest, default interest, trustee remuneration, and other associated costs. The company has proposed to list these debentures on BSE Limited.
Regulatory Compliance
The allotment was approved through resolution by circulation by the Investment and Borrowing Committee. The company has fulfilled all regulatory requirements under SEBI regulations and has made the relevant information available on its website at www.ugrocapital.com . No special rights, interests, or privileges are attached to these instruments.
Source: None/Company/INE583D01011/ee64e83d-2805-4a4b-a137-d4ab852b36f4.pdf
Historical Stock Returns for UGRO Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.29% | -2.17% | -23.36% | -44.08% | -42.74% | -15.94% |
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