UGRO Capital raises INR 50 crores via private placement NCDs

UGRO Capital Limited announced today, November 17, 2025, the allotment of 5,000 Unsecured, Rated, Subordinated, Listed, Taxable, Redeemable, Non-Convertible Debentures (NCDs). Each NCD has a face value of INR 1,00,000, totaling an aggregate value of INR 50,00,00,000. These debentures were issued through a private placement to augment the company's Tier II capital, aligning with RBI guidelines.

The NCDs carry a coupon rate of 11.65% per annum, payable monthly, and have a tenure of 66 months from the allotment date. The maturity date for these debentures is May 17, 2031, with redemption at par. The debentures are proposed to be listed on BSE Limited.

The Investment and Borrowing Committee of UGRO Capital’s Board of Directors approved this allotment, which aims to further strengthen the non-banking financial company's capital base.