UGRO Capital allots ₹200 crore NCDs at 9.75% coupon

UGRO Capital has successfully allotted Non-Convertible Debentures (NCDs) worth ₹200 crore to bolster its borrowing capabilities. The Investment and Borrowing Committee of the Board of Directors approved the issuance of 2,00,000 secured, rated, and senior NCDs on May 26, 2026. These debt instruments carry a coupon rate of 9.75% per annum, with interest payable on a monthly basis, offering a fixed income stream to investors.

Key Details of the Allotment

The debentures were issued via private placement and are denominated in Indian Rupees with a face value of ₹10,000 each. The issuance is part of the company's strategy to raise funds through debt securities, backed by specific asset security. The NCDs are proposed to be listed on BSE Limited, providing liquidity to the investors.

Financial and Structural Metrics

Particulars	Details
Type of securities	Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures
Size of issue	₹200,00,00,000 (Indian Rupees Two Hundred Crores)
Coupon rate	9.75% p.a. payable monthly
Tenure	18 months from the Date of Allotment
Date of allotment	May 26, 2026
Date of maturity	November 26, 2027
Redemption	At par

Security and Default Terms

The NCDs are secured by a first-ranking, pari-passu, and floating charge on the company's assets. This includes rights on receivables from the sale or lease of present and future identified equipment, cash and cash equivalents, investments, and unencumbered loan receivables or book debts. In the event of a delay in payment of interest or principal for more than three months, the company will pay the coupon rate plus an additional 2.0% per annum as penalty.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.49%	+1.19%	-8.03%	-42.71%	-44.64%	-12.36%

UGRO Capital has allotted unlisted Commercial Papers (CPs) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Investment and Borrowing Committee of the Board of Directors approved the allotment on Friday, May 15, 2026. The disclosure was made to BSE Limited and the National Stock Exchange of India Limited, and the information has also been made available on the company's website.

Commercial Paper Allotment Details

The allotment covers unlisted Commercial Papers, with Yes Bank Limited, Mumbai, serving as the Issuing and Paying Agent (IPA). The key details of the issuance are presented below:

Parameter:	Details
Description of Security:	Commercial Papers
Listed/Unlisted:	Unlisted
Allotment Date:	15-05-2026
Redemption Date:	14-09-2026
Tenure:	122 Days
Face Value per Security (Rs.):	5,00,000
Issue Price per Security (Rs.):	4,85,398/-
Issue Value (Rs.):	9,70,79,600/-
ISIN:	INE583D14915
Redemption Value (Rs.):	10,00,00,000/-
Name of IPA:	Yes Bank Limited, Mumbai

Regulatory Compliance

The allotment was carried out in accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Satish Kumar Chelladurai, Company Secretary and Compliance Officer of UGRO Capital, on May 15, 2026. The company's registered office is located at B-17, Fourth Floor, Art Guild House, Phoenix Market City, Kurla (West), Mumbai- 400070.