UGRO Capital Limited has announced the allotment of unlisted commercial papers worth Rs. 25 crores, as approved by the Investment and Borrowing Committee of the Board of Directors on March 24, 2026. The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Commercial Paper Details

The commercial papers carry specific terms and conditions that reflect a short-term funding arrangement. The securities have been structured with a face value of Rs. 5,00,000 per unit and issued at a price of Rs. 4,98,438 per security, representing a discount to face value typical of commercial paper instruments.

Financial Structure

The commercial paper issuance demonstrates a short-term funding strategy with a total issue value of Rs. 24,92,19,000 and a redemption value of Rs. 25,00,00,000. The difference between the issue price and redemption value represents the return to investors over the 13-day period.

Issuing Arrangements

Yes Bank Limited, Mumbai has been appointed as the issuing and paying agent for these commercial papers. This arrangement ensures proper administration and settlement of the securities throughout their brief tenure. The company has made the relevant information available on its website at www.ugrocapital.com as part of its disclosure obligations.

The approval and allotment were completed on the same day, indicating an efficient decision-making process for this short-term funding requirement. The 13-day tenure reflects the immediate liquidity needs of the company and provides investors with a brief investment opportunity.

UGRO Capital has successfully concluded its Investment and Borrowing Committee meeting held on March 21, 2026, with the approval of Non-Convertible Debentures (NCDs) issuance up to ₹205 crores through private placement. The committee meeting, which was scheduled following the company's notification on March 18, 2026, commenced at 11:30 a.m. and concluded at 1:15 p.m.

Committee Meeting Outcome and Approval Details

The Investment and Borrowing Committee has approved the issuance of NCDs in two distinct tranches, each with different characteristics and terms. The approval was granted under Regulation 30 read with Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCD Issuance Structure and Terms

The approved NCD issuance comprises two separate instruments with distinct features. The first tranche involves listed, rated, senior, secured, transferable, redeemable NCDs with a base issue size of up to 1,05,000 debentures having face value of ₹10,000 each, with a green shoe option for additional 50,000 NCDs, aggregating up to ₹155 crores.

Security and Redemption Features

The secured NCDs will be backed by a first ranking, exclusive and continuing pledge over equity shares and hypothecation of receivables in favor of the Debenture Trustee. The secured debentures carry an interest rate of 9.50% per annum payable monthly, with redemption scheduled for April 18, 2027. The unsecured subordinated NCDs offer a higher interest rate of 13.25% per annum payable semi-annually, with staggered redemption of 50% each at the end of 66 months and 72 months respectively.

Listing and Allotment Timeline

Both tranches of NCDs will be listed on BSE Limited, with tentative allotment date scheduled for March 27, 2026. The company has communicated this development to both BSE Limited and National Stock Exchange of India Limited, maintaining compliance with stock exchange requirements.

Source: Company/INE583D01011/bce3cfd2-aa36-474d-8019-8db7d73e6e55.pdf