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 30, 2026. This short-term debt instrument represents a strategic financing move by the company to meet its working capital requirements.

Commercial Paper Details

The commercial papers carry specific terms and conditions that reflect the company's short-term borrowing strategy. The securities have been structured with a brief maturity period, indicating the company's need for immediate liquidity support.

Transaction Structure

The commercial papers have been issued at a discount to their face value, with each security priced at Rs. 4,98,893 against a face value of Rs. 5,00,000. The total issue value amounts to Rs. 24,94,46,500, while the redemption value is Rs. 25,00,00,000, reflecting the interest component over the 9-day tenure.

Regulatory Compliance

The allotment has been conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Yes Bank Limited, Mumbai, has been appointed as the issuing and paying agent for this commercial paper issuance, ensuring proper administrative and payment processes.

The company has made this information available on its official website at www.ugrocapital.com , maintaining transparency with stakeholders and regulatory compliance requirements.

A Persons Acting in Concert (PAC) group has filed a delayed disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations after their collective shareholding in ugro capital crossed the 5% threshold. The group, led by Zodiac Wealth Advisors LLP and comprising members of the Patni family, submitted the voluntary disclosure on March 27, 2026.

Shareholding Details and Trigger Event

The PAC group's aggregate shareholding reached 5.03% of UGRO Capital's total paid-up equity capital on February 09, 2026, when their holdings crossed the regulatory threshold. The group collectively holds 79,52,860 equity shares acquired through market purchases using their own funds.

PAC Group Composition and Individual Holdings

The PAC group comprises 23 entities, with Zodiac Wealth Advisors LLP holding the largest individual stake at 1.12%. The group includes various family trusts, individual members of the Patni family, and several Limited Liability Partnerships (LLPs). No individual member holds more than 1.12% of the company's shares.

Delayed Filing and Explanation

The PAC group acknowledged the delayed filing, explaining that the oversight occurred due to inadvertent computation errors at the aggregate level. While each member individually held well below the 5% threshold, the collective holding triggered the disclosure requirement. The group emphasized that the delay was unintentional and not motivated by any desire to conceal information from markets or regulators.

The entities have implemented internal monitoring mechanisms to ensure timely compliance with future SAST disclosure obligations. They clarified that they are public shareholders with no relationship to UGRO Capital's promoter group and do not seek to acquire control of the company.

Investment Purpose and Future Plans

The PAC group stated that their investment in UGRO Capital is for long-term portfolio purposes with no intention to acquire control. They confirmed that their shareholding does not exceed thresholds that would trigger open offer obligations under SAST Regulations. The group indicated no plans for further acquisitions and emphasized their independence from the company's promoter group.