UGRO Capital Limited has successfully completed interest payments on its Non-Convertible Debentures (NCDs) in compliance with SEBI regulations. The company made the announcement through a formal intimation to BSE Limited on February 13, 2026, confirming timely payments across three NCD series.

Interest Payment Details

The company paid a total interest amount of Rs. 3.62 crore across three different NCD series. All payments were completed on February 13, 2026, demonstrating the company's commitment to meeting its debt obligations ahead of schedule.

Payment Structure and Compliance

All three NCD series follow a monthly interest payment frequency with no changes reported in the payment schedule. The interest payment record dates were January 31, 2026, for the first two series and February 1, 2026, for the third series.

The previous interest payments for all three series were made on January 13, 2026, maintaining the company's consistent monthly payment schedule. No delays or non-payment issues were reported for any of the NCD series.

Regulatory Framework

The intimation was made under Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires companies to inform stock exchanges about interest payments and redemptions on their debt securities.

The announcement was signed by Satish Kumar, Company Secretary and Compliance Officer, and copied to Vardhman Trusteeship Private Limited, which serves as the trustee for these debentures. The company's registered office is located at Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai.

UGRO Capital Limited submitted additional information regarding its financial results for the quarter ended December 31, 2025, to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI regulations on February 9, 2026.

Financial Performance Clarification

The company provided detailed clarification following multiple investor queries regarding quarter-on-quarter movement in standalone financial performance. During Q3FY26, Direct Assignment transactions were largely undertaken at Profectus Capital Private Limited, a wholly-owned subsidiary, rather than at the standalone entity level due to more favourable execution economics and pricing.

Quarter-on-Quarter Performance Analysis

On a standalone basis, Profit After Tax for Q3FY26 was ₹637.58 lakh compared to ₹4,331.12 lakh in the previous quarter ended September 30, 2025, reflecting a decline of ₹3,693.54 lakh. This decline is largely attributable to lower gains from Direct Assignment transactions, with net gain on derecognition of financial instruments reducing from ₹10,063.42 lakh to ₹6,617.64 lakh, representing a reduction of ₹3,445.78 lakh.

Strategic Business Operations and Subsidiary Focus

The company emphasized that Direct Assignment transactions at Profectus level were driven by the nature and seasoning of assets held at the subsidiary. Accordingly, the net gains that may have otherwise accrued to the standalone entity were recognized at Profectus level and are reflected in consolidated financial statements.

Investor Advisory and Performance Evaluation

UGRO Capital advised investors and analysts to review and evaluate the company's performance using consolidated financial statements for comparative and analytical purposes. The company clarified that the reduction in standalone PAT does not reflect any deterioration in underlying profitability and is primarily due to execution of Direct Assignment transactions at the subsidiary level.

Asset Quality and Market Position

The company maintains stable asset quality metrics with GNPA at 2.2% and NNPA at 1.4% on total AUM. UGRO continues its positioning as a technology-enabled MSME lender with strong presence across emerging markets through 340+ branches, offering diversified product suite including secured business loans, emerging market lending, embedded finance, and machinery financing.

The clarification document is available on the company's website at www.ugrocapital.com for stakeholder reference and provides detailed insights into the company's financial performance and strategic operations.