Fusion Finance Limited's Working Committee has approved the allotment of non-convertible debentures worth ₹150 crores in its meeting held on December 29, 2025. The committee meeting commenced at 2:00 PM IST and concluded at 2:35 PM IST, addressing the debenture allotment under Regulation 30 of SEBI Listing Regulations.

Debenture Allotment Details

The Working Committee approved the allotment of 15,000 senior, secured, rated, listed, redeemable, transferable, taxable, non-convertible debentures through private placement. Each debenture carries a face value of ₹1,00,000, bringing the total aggregate nominal value to ₹150 crores. The issue includes a green shoe option of up to ₹50 crores.

Interest Rate and Tenure Structure

The debentures offer an interest rate of 10.95% per annum, payable on a monthly basis. The securities carry a tenure of 30 months from the deemed date of allotment, with the maturity date set for June 29, 2028.

Security and Listing Arrangements

The debentures are secured by a first ranking exclusive and continuing charge created through hypothecation over the company's identified receivables and book debts. This security arrangement was established under a Deed of Hypothecation executed on December 26, 2025, with Catalyst Trusteeship Limited serving as the Debenture Trustee. The outstanding principal amount is secured by a first ranking and exclusive charge of 1.10x over identified receivables, including present and future receivables that are free from encumbrances, charges, or liens.

The debentures are proposed to be listed on the wholesale debt market segment of BSE Limited, providing liquidity options for investors. The coupon payments will be made monthly until the final settlement date, with the final coupon payment date coinciding with the maturity date as per the debenture trust deed executed on December 26, 2025.

Regulatory Compliance

This allotment follows Fusion Finance's earlier communications dated December 23, 2025, and November 4, 2025, ensuring full compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made pursuant to Regulation 30 and 51 read with Schedule III of the listing regulations, maintaining transparency with stakeholders and regulatory authorities.

UGRO Capital Limited has announced the withdrawal of its proposed issuance of Non-Convertible Debentures under Series 2, reversing an earlier decision made by the company's Investment and Borrowing Committee. The company communicated this development to both BSE Limited and National Stock Exchange of India Limited on December 24, 2025.

Committee Decision Reversal

The withdrawal comes just a week after the Investment and Borrowing Committee meeting held on December 17, 2025, which had approved the issuance of listed, rated, senior, secured/unsecured, transferable, redeemable Non-Convertible Debentures on a private placement basis. The committee had initially planned the issuance in one or more tranches under Series 2.

Regulatory Compliance

The notification was made pursuant to Regulation 30 read with Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. UGRO Capital has informed both stock exchanges about this corporate development, maintaining transparency with regulatory authorities and investors.

Internal Considerations

The company cited internal considerations as the reason for withdrawing the proposed debenture issuance. The decision was taken on December 22, 2025, indicating a swift reassessment of the funding strategy within days of the original approval. No specific details were provided regarding the nature of these internal considerations.

Company Information

The communication was signed by Satish Kumar, Company Secretary and Compliance Officer of UGRO Capital Limited. The company operates under CIN L67120MH1993PLC070739 and maintains its registered office at Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai-400070. The information has been made available on the company's website at www.ugrocapital.com for stakeholder reference.