Ugro capital Limited has completed the allotment of USD 20 million senior secured foreign currency bonds through private placement, as approved by the Investment and Borrowing Committee of the Board of Directors on March 27, 2026. The bond issuance represents a significant fundraising initiative for the financial services company.

Bond Structure and Specifications

The company has allotted up to 2,000 senior, secured, rated, listed, redeemable United States dollar denominated non-convertible foreign currency bonds. Each bond carries a face value of USD 10,000, collectively aggregating to USD 20 million through private placement.

Tenure and Payment Structure

The bonds carry a tenure of 48 months from the deemed date of allotment on March 27, 2026, with maturity scheduled for March 27, 2030. The coupon rate is set at 300 basis points plus Term SOFR, to be determined on the quotation day.

Security and Redemption Terms

The facility will be secured by a first ranking exclusive charge over identified book debts in favor of the Security Trustee, maintaining a security cover of at least 110% of principal and interest outstanding at all times. The book debts are identified based on eligibility criteria prescribed by the bondholders.

The redemption structure includes 25% redemption at the end of 36 months, 25% at the end of 42 months, and 50% redemption at par upon the relevant maturity date. In case of payment delays exceeding three months, the coupon rate increases by 2.0% per annum above the interest rate on outstanding principal amount until the default is cured.

Regulatory Compliance

The allotment has been conducted pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonds do not carry any special rights, interests, or privileges attached to the instrument. The company has confirmed no current issues regarding payment or non-payment of interest or principal, with no cancellation or termination of the securities issuance proposal.

UGRO Capital Limited has successfully allotted Non-Convertible Debentures (NCDs) worth ₹181.10 crores through private placement, as approved by the Investment and Borrowing Committee of the Board of Directors on March 27, 2026. The allotment was conducted under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Debenture Series Overview

The allotment comprises two distinct series of NCDs with varying characteristics and investment profiles:

Interest Rates and Tenure Structure

The two series offer different risk-return profiles to cater to diverse investor preferences:

Security and Redemption Features

Series I debentures are subordinated and unsecured, reflecting their higher interest rate of 13.25% per annum. The redemption schedule is structured with 50% redemption at par at the end of 66 months and the remaining 50% at the end of 72 months and 9 days.

Series II debentures are senior and secured instruments with a lower interest rate of 9.50% per annum. UGRO Capital will create security in favor of the Debenture Trustee through a first ranking, exclusive and continuing pledge over equity shares. These debentures will be redeemed at par upon maturity.

Listing and Compliance

Both series of debentures are proposed to be listed on BSE Limited, providing liquidity options for investors. The company has ensured full compliance with SEBI regulations and has made the relevant information available on its website at www.ugrocapital.com .

Default Provisions

In case of payment delays exceeding three months from the due date, both series carry a penalty interest rate of coupon rate plus 2.0% per annum on the outstanding principal amount until the default is cured. The company has confirmed no current issues regarding payment or any other matters concerning the securities.