Ugro Capital Limited — QIP/Rights/Pref., 20-02-2025: Allotment of Securities

UGRO Capital Limited's Investment and Borrowing Committee has approved the allotment of 26,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures through private placement, totaling INR 260 crore. Each debenture has a face value of INR 100,000 and will have a tenure of four years, maturing on February 20, 2029. The coupon rate is set at 10.28% per annum, with semi-annual payments. Partial redemptions are scheduled over four years. The debentures are expected to be listed on BSE Limited, secured by hypothecation of receivables with 110% security cover.