UGRO Capital corrects default interest rate on NCDs

UGRO Capital Limited has revised an announcement to correct a typographical error in the default interest rate for its non-convertible debentures (NCDs). The previous announcement on October 23, 2025, incorrectly stated the default interest rate as "2.00% (One Percent) per annum." The corrected rate is "2.00% (Two Percent) per annum." All other details of the original intimation remain unchanged.

The NCDs are unsecured, rated, subordinated, listed, taxable, redeemable, and offered via private placement. The issue size is up to INR 50,00,00,000/- with an option to retain oversubscription of up to INR 150,00,00,000/-. These debentures are scheduled for allotment on October 31, 2025, and will mature on April 30, 2031, with a tenure of 66 months and an indicative coupon/interest of 11.65% p.a. p.m.

Interest payments are scheduled monthly. In the event of delayed interest or principal redemption, the default interest applied will be the coupon rate plus default interest of up to 2.00% (Two Percent) per annum, as agreed with investors.