Ugro Capital Limited — Board Meeting, 20-06-2025: Outcome of Board Meeting

UGRO Capital has announced a board meeting approving a plan to raise up to INR 911.40 Cr via preferential allotment of 49.26 million unsecured compulsorily convertible debentures (CCDs) priced at INR 185 each. These CCDs will convert into equity shares after 18 months. The fundraise is aimed at supporting the proposed acquisition of Profectus Capital Pvt Ltd and increasing the company’s authorised capital. Shareholder approval will be sought through a postal ballot. Major investors include ACM Global Fund VCC along with several institutional and individual investors.