UGRO Capital Limited has completed the allotment of 15,89,170 equity shares on December 12, 2025, following the conversion of Compulsory Convertible Debentures (CCDs). The Securities Allotment Transfer Committee of the Board of Directors approved this allotment through a resolution passed by circulation on Friday, December 12, 2025.

Conversion Details and Pricing

The conversion was executed pursuant to conversion notices received from CCD holders. Each security was converted into one equity share at a conversion price of ₹185.00 per share, which includes a premium of ₹175.00 over the face value of ₹10.00 per equity share. The newly allotted equity shares will rank pari-passu with existing equity shares of the company in all respects.

Impact on Share Capital

Following this allotment, UGRO Capital's equity share capital structure has been updated significantly. The company's issued, subscribed and paid-up equity share capital has increased from the previous level to accommodate the new shares.

Background and Regulatory Context

This allotment follows the company's capital raise in October 2025, where UGRO Capital raised ₹534.64 crores through the issuance and allotment of Compulsory Convertible Debentures to various identified allottees via preferential allotment. The conversion process was conducted in accordance with the terms and conditions established during the original issuance of the securities.

The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in reference to previous disclosures dated June 20, 2025, and October 9, 2025. The company has ensured compliance with applicable provisions of the SEBI LODR Regulations and relevant SEBI circulars regarding such corporate actions.

UGRO Capital Limited has announced the allotment of unlisted commercial papers worth ₹50 crores, approved by the company's Investment and Borrowing Committee on December 10, 2025. The short-term debt instrument represents a strategic move to meet the company's immediate funding requirements through the capital markets.

Commercial Paper Details

The commercial papers were structured with specific parameters designed for short-term capital raising. The securities carry a face value of ₹5,00,000 per unit and were issued at a discounted price of ₹4,95,964.50 per security, reflecting the short-term nature of the instrument.

Issuing Arrangements

Yes Bank Limited, Mumbai, has been appointed as the Issuing and Paying Agent (IPA) for these commercial papers. The bank will facilitate the administrative processes related to the issuance and manage the redemption procedures when the papers mature on January 12, 2026.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. UGRO Capital has ensured full compliance with regulatory requirements by promptly informing the stock exchanges and making the information available on the company's official website at www.ugrocapital.com .

Financial Implications

The commercial papers provide UGRO Capital with immediate access to ₹49.60 crores in funding, with the company committed to repaying ₹50 crores upon maturity. The 33-day tenure offers flexibility for short-term capital management while the discount to face value reflects prevailing market conditions for such instruments.