UGRO Capital committee approves ₹200 crore NCD issuance

UGRO Capital's Investment and Borrowing Committee met on Wednesday, December 17, 2025, to approve the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹2,00,00,00,000. The private placement will include an option to retain oversubscription up to ₹5,00,00,00,000, across four series. These NCDs will be listed, rated, and transferable, with Series 1, 2, and 3 being secured, and Series 4 unsecured.

The NCDs will be listed on BSE Limited. The tenure for Series 1, 2, and 4 is 24 months (Tentative), while Series 3 has a tenure of 13 months (Tentative). Allotment is tentatively scheduled for December 24, 2025. Maturity dates are December 24, 2027, for Series 1, 2, and 4, and January 24, 2027, for Series 3. The coupon rate for Series 2 is 9.75% (Tentative), with rates for Series 1, 3, and 4 to be decided. Interest will be payable quarterly, and principal redemption will occur on the maturity date. In case of delay in payment, a penalty of coupon rate plus 2.0% per annum will apply.