UGRO Capital Limited, a leading Non-Banking Financial Company (NBFC) in India, has announced the allotment of 20,000 Non-Convertible Debentures (NCDs) aggregating to ₹200 crore through private placement. Each NCD carries a face value of ₹1,00,000, and the allotment was approved by the Investment and Borrowing Committee of the Board on 15th September 2025.

The NCDs are unsecured, rated, subordinated, listed, taxable, and redeemable, reflecting the Company’s objective to raise subordinated debt in the form of Tier II capital. This move is aligned with the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023, to strengthen the capital adequacy of the Company.

These NCDs have a tenure of 66 months, maturing on 15th March 2031, and offer a coupon rate of 11.65% per annum, payable on a monthly basis. The debentures are proposed to be listed on BSE Limited, providing transparency and tradability for investors. Redemption of the NCDs will occur at par on maturity, ensuring investors receive the principal amount in full at the end of the tenure.

Being unsecured, these debentures do not carry any charge on the Company’s assets. However, in case of a delay in payment of interest or principal for more than three months from the due date, an additional 2% per annum will be applicable over the coupon rate. No special rights or privileges are attached to these instruments.

This issuance is a strategic step for UGRO Capital to augment Tier II capital, enhancing the Company’s capital adequacy ratio and supporting sustainable growth in lending and financial operations. It reinforces the Company’s financial stability and strengthens investor confidence.

The details of the NCD issue and allotment have been formally disclosed to BSE and NSE in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information is available on the Company’s website at www.ugrocapital.com.

With this issuance, UGRO Capital continues to demonstrate its commitment to capital market compliance, investor transparency, and robust financial management. The NCDs are expected to attract institutional and retail investors seeking fixed-income instruments with reliable returns over the medium term.

This initiative underscores UGRO Capital’s strategy of strengthening financial flexibility while expanding its lending capabilities, enabling the Company to meet regulatory norms and support sustainable growth in its NBFC operations.

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