UGRO Capital allots ₹150 crore in NCDs through private placement

UGRO Capital announced on October 17, 2025, the allotment of 150,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs). Each NCD has a face value of INR 10,000, totaling an aggregate value of INR 150,00,00,000 through a private placement. The allotment was approved by the company's Investment and Borrowing Committee.

The NCDs carry an interest rate of 9.75% per annum, payable monthly, and will mature on October 16, 2027, with redemption at par. The tenure of these instruments is 24 months from the date of allotment. In case of delayed payment, the coupon rate will increase by 2.0% per annum.

The company ensures a minimum security cover of 1.10x over loan receivables throughout the debentures' tenure. These NCDs are proposed to be listed on the BSE Limited, enhancing liquidity and visibility for investors.