Ugro Capital increases equity share capital with CCD conversions

Ugro Capital Limited announced on December 5, 2025, the allotment of 7,342,732 equity shares following the mandatory conversion of Compulsorily Convertible Debentures (CCDs). These CCDs, issued on June 6, 2024, as part of a capital raise totaling INR 1,265 crores, reached the end of their 18-month tenure, triggering their conversion into equity shares. Each new equity share has a face value of Rs. 10 and was converted at a price of Rs. 264, including a premium of Rs. 254.

As a result of this allotment, the company's issued, subscribed, and paid-up equity share capital has increased from 14,52,40,763 equity shares to 15,25,83,495 equity shares. All newly allotted equity shares will rank pari-passu with the existing shares of the company.

Additionally, 1,76,34,374 warrants issued on June 6, 2024, with an 18-month tenure, have lapsed as their conversion was not exercised by the warrant holders. This disclosure aligns with Regulation 30 of SEBI LODR Regulations.