Ugro Capital Limited — Board Meeting, 20-05-2025: Outcome of Board Meeting

UGRO Capital has announced a board meeting where it approved raising up to INR 400 Cr through a rights issue to existing shareholders. It also plans to raise around INR 914.3 Cr via preferential allotment of 49.4 million compulsory convertible debentures at INR 185 each, convertible into equity after 18 months. To facilitate this, the company intends to increase its authorized share capital from INR 215 Cr to INR 270 Cr, pending shareholder approval. These moves aim to strengthen UGRO’s capital base for growth.