Ugro Capital Limited — Others, 20-06-2025: Shareholders meeting

UGRO Capital has announced a board meeting on the proposed acquisition of Profectus Capital Private Limited for ₹1,398.60 Cr payable in cash in one tranche. This acquisition will boost UGRO’s AUM by 29%, add secured lending products, and is expected to contribute an additional ₹150 Cr in annualized profit with ₹115 Cr in cost savings, enhancing ROA by 0.6-0.7%. To fund this, UGRO plans a preferential issue of up to 4.93 Cr unsecured compulsorily convertible debentures (CCDs) at ₹185 each, aiming to raise ₹911.40 Cr, primarily for the acquisition. The authorized share capital of the company will be increased from ₹215 Cr to ₹270 Cr to facilitate this capital raise. The CCDs carry 12.5% upfront interest, are convertible into equity within 18 months, and will be under lock-in as per regulations. Shareholder approvals are being sought via postal ballot for these transactions.