UGRO Capital Limited, a leading NBFC focused on MSME lending, has notified the stock exchanges about an updated agenda for its Board of Directors meeting scheduled on Saturday, April 26, 2025. This update follows the prior announcement made on April 3, 2025, under Regulation 29(1) and Regulation 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As per the latest intimation dated April 23, 2025, the upcoming Board Meeting will deliberate on several key financial and strategic decisions, marking a crucial moment in the company’s growth trajectory.

1. Approval of FY25 Audited Financial Results and Statements

The foremost agenda item is the consideration and approval of the audited financial results for both the quarter and full financial year ending March 31, 2025. These results will provide stakeholders a comprehensive overview of UGRO’s operational and financial performance, including revenue growth, net profit, asset quality, and capital adequacy.

The financial statements are expected to reveal insights into how the company has navigated economic challenges, expanded its lending portfolio, and managed credit risks in a competitive lending environment.

2. Fundraising via Equity Instruments: QIP and Preferential Issues

In a strategic move to strengthen its capital base, the Board will evaluate fundraising plans through the issuance of equity shares, either via Qualified Institutions Placement (QIP) or preferential allotment, or through other alternate modes. These actions are aimed at augmenting the company's Tier-I capital to meet future growth targets.

The proposed fundraising is subject to regulatory approvals and shareholder consent, which underscores the company’s adherence to compliance and governance norms.

3. Fundraising via Debt Instruments Including NCDs

The company also plans to raise funds through debt instruments, which may include the issuance of Non-Convertible Debentures (NCDs) and other debt securities as permitted under applicable laws. The objective is to diversify UGRO’s funding mix, reduce cost of borrowing, and maintain robust liquidity buffers.

This dual-pronged approach of equity and debt fundraising reflects UGRO Capital’s commitment to sustainable growth and financial prudence.

4. General Meeting for Shareholder Approvals

In line with SEBI norms and Companies Act provisions, the Board will also consider convening a general meeting of shareholders to seek approval for the proposed fundraising measures. The meeting will cover resolutions related to:

• QIP or preferential allotments

• NCD issuance

• Other regulatory and financial matters

This ensures transparency and shareholder participation in critical corporate decisions.

5. Other Items with Chair's Permission

The agenda also allows for any other matters to be taken up with the permission of the Chair, offering the Board the flexibility to address urgent or emerging concerns.

The Board meeting will be closely watched by investors, analysts, and stakeholders, especially in light of the company’s growth aspirations and capital requirements to support its MSME-centric lending model.

UGRO Capital’s shares are listed on BSE under the Scrip Code 511742 and NSE under the Symbol UGROCAP. The updated notice is available on the company’s website at www.ugrocapital.com.

With this comprehensive agenda, the April 26 meeting marks an important step forward in UGRO Capital’s plan to solidify its financial foundation, attract institutional capital, and build capacity for scalable lending operations in India’s dynamic credit landscape.

Conclusion

UGRO Capital’s updated Board meeting agenda reflects a well-thought-out strategic direction, combining financial disclosure with proactive capital raising plans. If approved, these measures will not only boost investor confidence but also enhance the company’s capability to meet the credit demands of India's MSME sector, which remains a cornerstone of economic growth.

Investors, analysts, and institutional stakeholders are advised to stay tuned for updates following the meeting and prepare for possible corporate actions, including equity and debt issuances, in the coming months.

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