Ugro Capital Limited — Others, 27-06-2025: Security Cover Certificate

UGRO Capital Limited has confirmed maintenance of adequate security cover for its listed secured redeemable non-convertible debentures as per the offer documents, with a cover ratio of 1.16x based on audited financials. Chartered Accountants A T K & Associates and Sharp & Tannan Associates have provided limited assurance certificates on the security cover and utilization of debenture proceeds. The proceeds raised from various NCD issuances totaling several hundred Crores have been utilized for regular business activities in line with the terms of the debenture trust deeds, and the company has complied with the related financial covenants. This affirms the company's adherence to debt servicing and regulatory requirements, which is positive for creditors and investors.