UGRO Capital Limited, a non-banking financial institution, has submitted monitoring agency reports for the quarter ended September 30, 2025, confirming the proper utilization of funds raised through its recent preferential and rights issues. The reports, prepared by India Ratings & Research Private Limited, indicate no deviation from the stated objectives for both capital-raising initiatives.

Preferential Issue Details

The preferential issue, which raised INR 513.37 crores, was allocated as follows:

Rights Issue Utilization

The rights issue, which raised INR 380.72 crores, was deployed as per the following breakdown:

Key Highlights

• Both issues show full compliance with the stated objectives in their respective offer documents.
• The preferential issue funds have been completely utilized across all designated purposes.
• For the rights issue, the majority of funds (INR 360 crores) have been used to strengthen the company's capital base and support business activities.
• A small portion of the rights issue proceeds (INR 0.04 crores) has been used for issue-related expenses, with the remaining funds yet to be utilized.
• The unutilized amount from the rights issue (INR 20.72 crores) is currently held in an IDFC Bank account.

Additional Corporate Actions

In addition to the fund utilization report, UGRO Capital has also disclosed other significant corporate actions:

1. Conversion of Compulsorily Convertible Debentures (CCDs): The company has allotted 13,51,308 equity shares at INR 185 per share (including a premium of INR 175) to CCD holders who exercised their conversion rights.

2. Planned Debt Issuance: UGRO Capital's Investment and Borrowing Committee is scheduled to meet on November 19, 2025, to consider raising funds through the issuance of Non-Convertible Debentures via private placement.

These actions, along with the proper utilization of funds from the preferential and rights issues, demonstrate UGRO Capital's commitment to strengthening its financial position and supporting its business growth objectives in the non-banking financial sector.

The monitoring agency reports provide assurance to investors that UGRO Capital is deploying the raised capital in line with its stated intentions, potentially enhancing stakeholder confidence in the company's financial management and growth strategies.

UGRO Capital Limited, a prominent player in the financial services sector, has successfully raised Rs. 100 crore through the issuance of unlisted Commercial Papers (CPs). The company's Investment and Borrowing Committee approved the allotment on November 13, 2025, marking a significant move in its financial strategy.

Key Details of the Commercial Paper Issuance

Issuance Highlights

The Commercial Papers were issued at a discounted price of Rs. 4,61,894 per unit, against a face value of Rs. 5 lakh. This pricing resulted in total issue proceeds of Rs. 92.38 crore for UGRO Capital. The CPs are set to mature in one year, with the redemption scheduled for November 13, 2026, at a total value of Rs. 100.00 crore.

Regulatory Compliance

In adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, UGRO Capital has informed the stock exchanges about this development. The company has also made the information available on its official website, ensuring transparency for its stakeholders.

Market Implications

This CP issuance by UGRO Capital indicates the company's ability to attract short-term funding. The move could potentially enhance the company's working capital position and support its near-term initiatives.