Ugro Capital has allotted commercial papers worth ₹38.66 crore on July 2, 2026, to raise short-term funds. The Investment and Borrowing Committee of the Board of Directors approved the allotment, which carries a tenure of 141 days and matures on November 20, 2026. The issuance is proposed to be listed, providing transparency and tradability for the instruments.

The commercial papers were issued at a price of ₹4,83,200.50 per security against a face value of ₹5,00,000. The total issue value stands at ₹38,65,60,400, with a redemption value of ₹40,00,00,000. Yes Bank Limited served as the Issue and Paying Agent (IPA) for the transaction.

Key Details of the Allotment

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Satish Kumar Chelladurai, Company Secretary and Compliance Officer, signed the filing on behalf of Ugro Capital.

Ugro Capital Limited’s promoter, Poshika Advisory Services LLP, confirmed that it and person acting in concert Mr. Shachindra Nath did not create any encumbrance on equity shares held in the company during the financial year 2025-26. The declaration ensures that the shares remain free from new charges or liens, providing clarity to shareholders regarding the promoter's holding status. This disclosure is significant as it assures the market of the promoter's financial stability regarding their stake in the company.

The confirmation was submitted to the stock exchanges and the company’s Audit Committee on April 8, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on their holdings to ensure transparency. The letter explicitly states that no direct or indirect encumbrance was made during the specified period, other than those already disclosed.

Key Details of the Disclosure

The following table summarizes the key entities and the nature of the declaration:

The declaration was signed by Shachindra Nath, the Designated Partner and Authorised Signatory of Poshika Advisory Services LLP. The confirmation covers all equity shares held by the promoter and the person acting in concert in Ugro Capital Limited.