UGRO Capital's equity share capital increases after debenture conversion

UGRO Capital Limited has increased its equity share capital by allotting 23,026,614 new equity shares following the conversion of Compulsorily Convertible Debentures (CCDs). This move stems from a capital raise in October 2025, totaling INR 534.64 crores through CCDs issued to various allottees. Each CCD was convertible into one equity share with a face value of Rs. 10 at a conversion price of Rs. 185, which included a premium of Rs. 175 per share.

The company's securities allotment and transfer committee of the board of directors approved this allotment on October 28, 2025. These newly allotted equity shares will rank pari-passu with the existing equity shares of the company.

Consequently, the company's issued, subscribed, and paid-up equity share capital has increased from 116,831,214 equity shares (amounting to Rs. 1,168,312,140) to 139,857,828 equity shares (amounting to Rs. 1,398,578,280). This disclosure is made in compliance with Regulation 30 of the SEBI LODR Regulations.