Ugro Capital Limited — Others, 20-05-2025: Shareholders meeting

Ugro Capital Limited has announced a board meeting on issuing up to 49.42 million unsecured compulsorily convertible debentures (CCDs) at ₹185 each to raise ₹914.3 Cr through preferential allotment to 106 non-promoter investors. These CCDs will convert into equity shares within 18 months and carry a 12.5% coupon. The capital raised will support business expansion and lending activities. The company also plans to increase its authorized share capital from ₹215 Cr to ₹270 Cr to enable this issuance, with no change in management control expected.