UGRO Capital raises capital through debt and equity

UGRO Capital announced the allotment of 1,589,170 equity shares, each with a face value of INR 10, to holders of Compulsorily Convertible Debentures (CCDs) who exercised their conversion rights. This conversion, approved on December 12, 2025, resulted from an October 2025 capital raise totaling INR 534.64 crores through CCDs, with each security convertible into one equity share at INR 185 (including a premium of INR 175).

The allotment increases the company's issued, subscribed, and paid-up equity share capital from 15,25,83,495 shares to 15,41,72,665 shares. These new equity shares rank pari-passu with existing shares.

In a separate development, UGRO Capital’s Investment and Borrowing Committee is scheduled to meet on December 17, 2025. The committee will consider and approve raising further funds through the issuance of Non-Convertible Debentures via a private placement. This aligns with UGRO Capital's ongoing capital-raising strategy.