UGRO Capital approves ₹200 crore NCD issuance

UGRO Capital's Investment and Borrowing Committee, in a meeting on November 19, 2025, approved the issuance of listed, rated, senior, secured, transferable, redeemable non-convertible debentures (NCDs) on a private placement basis. The base issue size is up to ₹100,00,00,000, with an option to retain oversubscription of an additional ₹100,00,00,000, bringing the total potential issuance to ₹200,00,00,000. Each NCD will have a face value of ₹10,000.

These NCDs will have a tenure of 15 months from the tentative allotment date of November 27, 2025, maturing on February 27, 2027. They offer a coupon/interest rate of 9.50% per annum, payable monthly. The NCDs are secured by a first ranking, exclusive, and continuing charge on the company's loan receivables, present and future, with a security cover requirement of at least 1.10 times or 110% of the outstanding NCDs. They are slated for listing on BSE Limited.