UGRO Capital has received formal approval from its Investment and Borrowing Committee for the issuance of non-convertible debentures, following the committee meeting held on December 17, 2025. The finance company's structured debt offering represents a strategic capital mobilization initiative designed to support business expansion and operational requirements.

Committee Approval Details

The Investment and Borrowing Committee meeting, which commenced at 3:00 p.m. and concluded at 3:40 p.m., approved the comprehensive NCD issuance plan:

NCD Series Structure

The approved NCD issue comprises multiple series with varying tenures and features, providing flexibility for different investor preferences:

Investment Terms and Features

The NCDs will be denominated in Indian Rupees and issued in dematerialized form. Interest payments are structured on a quarterly basis, with redemption scheduled at maturity dates. The instruments will be listed on BSE Limited, providing liquidity options for investors.

Security arrangements vary across series, with some offering secured options through assignment of rights to receive sale consideration and pledge of investments, while others remain unsecured. The security cover for secured debentures is maintained at 1.1x for enforceable properties.

Strategic Capital Raising

This formal committee approval marks a significant step in UGRO Capital's debt financing strategy. The structured approach with multiple series and flexible oversubscription options demonstrates the company's systematic planning for capital requirements while accommodating diverse investor preferences in the debt market.

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.