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

UGRO Capital Limited has announced the allotment of commercial papers worth ₹14.67 crore through its Investment and Borrowing Committee. The committee approved this debt instrument issuance on March 20, 2026, as part of the company's funding strategy.

Commercial Paper Details

The commercial papers carry specific terms and conditions that reflect the company's short-term borrowing requirements. The securities are structured with a 90-day tenure, providing the company with immediate liquidity while offering investors a short-term investment opportunity.

Pricing and Returns Structure

The commercial papers have been priced at ₹4.89 lakh per security against a face value of ₹5 lakh, indicating a discount to face value structure typical of commercial paper instruments. The total redemption value stands at ₹15 crore, representing the amount payable to investors upon maturity.

Regulatory Compliance

The allotment has been approved in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this development. The relevant information has also been made available on the company's official website at www.ugrocapital.com .

Market Positioning

With Yes Bank Limited, Mumbai appointed as the Issue and Paying Agent, the commercial paper issuance demonstrates UGRO Capital's access to institutional banking relationships for its debt market operations. The 90-day tenure aligns with typical commercial paper maturity periods, providing flexibility for both the issuer and potential investors in the money market segment.