UGRO Capital converts debentures, expands equity base

UGRO Capital Limited announced on December 17, 2025, the allotment of 534,088 equity shares with a face value of ₹10 each, stemming from the mandatory conversion of Compulsorily Convertible Debentures (CCDs). These CCDs, issued on June 18, 2024, had an 18-month tenure, triggering their conversion into equity shares at a price of ₹264 per share, including a premium of ₹254.

This conversion boosts the company's issued, subscribed, and paid-up equity share capital from 154,172,665 equity shares, amounting to ₹1,541,726,650, to 154,706,753 equity shares, totaling ₹1,547,067,530. The newly allotted shares will rank pari-passu with existing equity shares.

Additionally, 20,488,631 Warrants issued on June 18, 2024, which also had an 18-month tenure, have lapsed as their conversion was not exercised by holders. A previous intimation on December 5, 2025, regarding lapsed warrants from June 6, 2024, was clarified, correcting the number of lapsed warrants to 17,454,450 from the inadvertently stated 17,634,374.