UGRO Capital raises ₹100 crore via debenture private placement

UGRO Capital Limited announced the allotment of 10,000 unsecured, rated, subordinated, listed, taxable, redeemable, non-convertible debentures (NCDs) on November 6, 2025. Each debenture has a face value of ₹100,000, totaling ₹100 crore. These NCDs were issued via private placement, carrying an interest rate of 11.65% per annum, payable monthly.

The debentures, which mature on May 6, 2031, have a tenure of 66 months from the allotment date and will be redeemed at par. As a Non-Banking Finance Company, UGRO Capital intends to use this issue to raise subordinated debt for Tier II capital, aligning with Reserve Bank of India directions to augment its capital adequacy.

The debentures are proposed to be listed on the BSE Limited. The company stated that in the event of a delay in payment of interest or principal exceeding three months, the coupon rate will increase by 2.0% per annum.