Ugro Capital Allots ₹380 Cr Non-Convertible Debentures

Ugro Capital Limited has announced the allotment of 38,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 380 crore. The allotment was approved by the Investment and Borrowing Committee of the Board of Directors on August 28, 2026, through private placement. These NCDs have a tenure of five years, a coupon rate of 10.20% per annum payable semi-annually, and are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The principal will be repaid in five installments, with the final redemption date set for August 28, 2031. The issuance is secured by a first-ranking exclusive charge over identified assets and receivables.