UGRO Capital allots ₹150 crore in NCDs at 9.99% interest

UGRO Capital Limited announced today the allotment of 150,000 listed, rated, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs), each with a face value of INR 10,000, totaling INR 150,00,00,000. This private placement was approved by the Investment and Borrowing Committee on December 16, 2025. The NCDs carry an annual interest rate of 9.99%, payable monthly.

The debentures have a tenure of 42 months from the allotment date, with maturity set for June 16, 2029. They are proposed to be listed on the BSE Limited. The company commits to maintaining a security cover of at least 1.10x over loan receivables throughout the debentures' tenure.

In the event of a delay in payment of interest or principal exceeding three months, a penalty of coupon rate plus 2.0% per annum will apply. Redemption of the debentures will occur at par upon maturity.