Ugro Capital secures ₹50 crores through debenture allotment

Ugro Capital Limited’s Investment and Borrowing Committee approved the allotment of 5,000 Unsecured, Rated, Subordinated, Listed, Taxable, Redeemable Non-Convertible Debentures (NCDs) on September 25, 2025. Each NCD has a face value of ₹1,00,000, totaling ₹50,00,00,000 (Indian Rupees Fifty Crores) through a private placement. These debentures, bearing an interest rate of 11.65% p.a. p.m., will be listed on BSE Limited.

The NCDs have a tenure of 66 months from the allotment date, maturing on March 25, 2031. Coupon payments will be made monthly, with redemption at par on maturity. In the event of a delay in payment of interest or principal for over three months, the coupon rate will increase by 1.0% per annum.

As a Non-Banking Finance Company, Ugro Capital is raising this subordinated debt as Tier II capital to enhance its capital adequacy, aligning with the Master Direction – Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023.