UGRO Capital allots ₹150 crore in NCDs to strengthen financial position

UGRO Capital Limited announced the allotment of 150,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) via private placement. The debentures, each with a face value of ₹10,000, total ₹150 crore. The allotment was approved by the company's Investment and Borrowing Committee on November 27, 2025.

These NCDs carry a coupon rate of 9.50% per annum, payable monthly, and have a tenure of 15 months from the date of allotment. The maturity date is set for February 27, 2027, with redemption at par. The debentures are proposed to be listed on the BSE Limited.

UGRO Capital will maintain a minimum security cover of 1.10x over loan receivables throughout the debentures' tenure. Further information regarding this allotment is available on its website.