UGRO Capital Limited has announced the allotment of EUR-denominated non-convertible bonds worth EUR 10 million through private placement. The company has allotted up to 1,000 senior, unsecured, EUR-denominated non-convertible redeemable bonds with a face value of EUR 10,000 per bond.

Bond Allotment Details

The key details of the bond allotment are as follows:

Financial Terms and Structure

The bonds offer the following financial terms:

The coupon payments will be made on a semi-annual basis on each coupon payment date as specified in the transaction documents executed for the bond issuance.

Listing and Redemption Details

UGRO Capital has proposed to list the bonds on NSE IFSC Limited (NSEIX), providing liquidity options for investors. The redemption structure is designed with investor convenience in mind:

• Redemption Schedule: Bonds will be redeemed in three equal installments
• Payment Dates: Each principal payment date as detailed in transaction documents
• Tenure: 60 months from the deemed date of allotment

Regulatory Compliance

The bond allotment notification was issued in compliance with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that there are no delays in payment of interest or principal amounts, and no defaults have been reported.

The bonds do not carry any special rights, interests, or privileges attached to the instrument. Additionally, no charges or security have been created over the company's assets for these unsecured bonds. UGRO Capital has made the bond allotment information available on its official website at www.ugrocapital.com for stakeholder reference.

UGRO Capital Limited has successfully completed the allotment of non-convertible debentures (NCDs) worth ₹150 crore through private placement. The company's Investment and Borrowing Committee of the Board of Directors approved the allotment on December 16, 2025, marking a significant milestone in the company's debt fundraising strategy.

NCD Allotment Details

The latest regulatory filing reveals comprehensive details of the debenture issuance:

Security and Risk Management

UGRO Capital has established robust security measures for the debenture holders. The company will maintain a minimum security cover of 1.10 times at all times during the tenure of the debentures over loan receivables, both present and future, that fulfill specific eligibility criteria. This security arrangement provides additional protection for investors and demonstrates the company's commitment to risk management.

Payment Terms and Default Provisions

The NCDs feature a structured payment mechanism with monthly coupon payments at 9.99% per annum. In case of delays in payment of interest or principal amount for more than three months from the due date, the rate increases to coupon rate plus 2.00% per annum. The debentures will be redeemed at par value upon maturity, providing clarity on the redemption process.

Regulatory Compliance and Transparency

The allotment was executed in compliance with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the information available on its website at www.ugrocapital.com , ensuring transparency and adherence to regulatory requirements. This systematic approach to disclosure reinforces investor confidence in the company's governance practices.

The successful completion of this NCD allotment demonstrates UGRO Capital's ability to access debt markets effectively and provides the company with additional capital for its business operations and growth initiatives in the financial services sector.