Ugro Capital Limited Allots ₹137 Crore in Non-Convertible Debentures
Ugro Capital Limited approved the allotment of 1,37,000 NCDs worth ₹137 crore on September 30, 2026. These are senior, secured, rated, listed debentures with a 13-month tenure and a 9.75% annual interest rate, payable monthly. The redemption date is October 30, 2027.
The issuance of ₹137 crore in debt will impact the company's capital structure and debt servicing obligations. While it provides necessary funding, it also increases financial leverage.
The announcement details a routine debt fundraising activity through the issuance of non-convertible debentures, which is a standard financial operation for the company. There are no significant positive or negative indicators in the announcement.
Ugro Capital Limited has announced the allotment of 1,37,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹137 crore. The allotment was approved by the Investment and Borrowing Committee of the Board of Directors on September 30, 2026, through private placement.
The NCDs have a tenure of 13 months from the date of allotment and a coupon rate of 9.75% per annum, payable monthly. The final redemption date is set for October 30, 2027. The principal amounts will be repaid in 13 months from the date of allotment.
Security for the NCDs will be created through a first-ranking pledge over the company's equity shares in favor of the Debenture Trustee. In case of delayed payments, a default interest of 2% per annum over the coupon rate will be applicable. The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The company has also stated that the aforesaid information is available on its website.
What to do with a filing like this
Ugro Capital Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ugro Capital Limited. Read the original for the full detail.