Ugro Capital Limited — Important, 17-06-2025: Updates

UGRO Capital has announced a board meeting on June 20, 2025, to approve a revised preferential allotment of compulsorily convertible debentures (CCDs) to fund a proposed acquisition. This follows the withdrawal of the earlier preferential issue approval and postal ballot due to the change in the use of proceeds, which now includes acquisition financing alongside capital augmentation and general corporate purposes. The fresh postal ballot will seek shareholder approval on the revised terms.