Ugro Capital Limited has clarified the partial redemption schedule for its Non-Convertible Debentures (NCDs) carrying ISIN INE583D07554, confirming a structured repayment plan spanning from August 2026 to February 2029. The clarification, issued on Aug 03, 2026, addresses specific queries from BSE Limited regarding an intimation filed on June 16, 2026. The company confirmed that the earlier filing pertained only to interest payments and part-principal payments for debentures falling due between July and September 2026. The full redemption structure involves four distinct tranches, gradually reducing the outstanding face value of each NCD until complete extinguishment.

The redemption process begins with a partial repayment of ₹25,000 per NCD on Aug 20, 2026, reducing the outstanding face value from ₹100,000 to ₹75,000. Subsequent redemptions are scheduled for Feb 20, 2028, Aug 20, 2028, and finally Feb 20, 2029. Each stage involves a fixed reduction of ₹25,000 per unit, ensuring a predictable cash flow schedule for investors. The final tranche on Feb 20, 2029, will redeem the remaining ₹25,000 face value, bringing the post-redemption value to zero.

Redemption Schedule Details

The following table outlines the partial redemption dates, pre-redemption face values, amounts redeemed, and post-redemption balances for ISIN INE583D07554:

Satish Kumar, Company Secretary and Compliance Officer at Ugro Capital Limited, signed the communication on behalf of the company. The clarification ensures that market participants have accurate information regarding the liability management strategy for this specific debt instrument. The registered office of Ugro Capital Limited is located at B-17, Fourth Floor, Art Guild House, Phoenix Market City, Kurla (West), Mumbai.

What the Numbers Show

The uniform reduction of ₹25,000 per tranche indicates a linear amortization strategy rather than a bullet repayment or irregular schedule. This approach likely aims to manage liquidity requirements by spreading principal outflows over approximately two and a half years. Investors holding these NCDs can expect consistent return of capital alongside regular interest payments, reducing concentration risk associated with large single-date maturities.

Ugro Capital Limited and Profectus Capital Private Limited have filed a Company Application for their scheme of amalgamation with the National Company Law Tribunal (NCLT), Mumbai Bench on July 16, 2026. This filing follows the receipt of observation letters from BSE Limited and National Stock Exchange of India Limited, which issued their responses on July 10, 2026, and July 09, 2026, respectively. The exchanges provided 'no objection' letters, with BSE stating it has no adverse observations and NSE conveying its approval under Regulation 37 and 59A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory feedback was based on directions from the Securities and Exchange Board of India (SEBI), which mandated full disclosure of ongoing adjudication, recovery proceedings, and enforcement actions against the company, its promoters, and directors. These observations are valid for six months from their dates of issue. The company is required to disclose the No-Objection letters from the stock exchanges on its website within 24 hours of receipt.

Key SEBI Requirements

To proceed with the amalgamation, the entities must address specific requirements outlined by SEBI and incorporated into the exchange observations. These conditions ensure transparency and compliance with listing norms.

The scheme remains subject to necessary approvals, including those from shareholders, creditors, and the NCLT. Ugro Capital stated it would inform the exchanges of further developments regarding the scheme.