Ugro Capital's equity base grows after debenture conversion

Ugro Capital Limited's Securities Allotment & Transfer Committee approved the allotment of 1,780,302 equity shares on November 25, 2025. These shares, with a face value of Rs. 10 each, were issued to holders who exercised the conversion of Compulsorily Convertible Debentures (CCDs). Each security converts into one equity share at a conversion price of Rs. 264, including a premium of Rs. 254.

This allotment is part of a larger capital raise initiated in June 2024, involving INR 1,265 crores through the issuance of CCDs and Convertible Warrants via preferential allotment. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company.

As a result of this conversion, the company's issued, subscribed, and paid-up equity share capital has increased from 141,209,136 equity shares (Rs. 1,412,091,360) to 142,989,438 equity shares (Rs. 1,429,894,380).