Allotment of equity shares pursuant to Conversion of CCDs

Ugro Capital has allotted 3,89,183 equity shares to holders of its Compulsorily Convertible Debentures (CCDs) who exercised their conversion option on January 12, 2026. Each CCD converts into one equity share at a price of Rs. 185 per share, which includes a face value of Rs. 10 and a premium of Rs. 175. This conversion is part of the larger capital raise of Rs. 534.64 crores done in October 2025 through preferential allotment of CCDs. As a result, the company's total paid-up equity share capital has increased from 15,47,06,753 shares to 15,50,95,936 shares, raising the total share capital from Rs. 1,54,70,67,530 to Rs. 1,55,09,59,360. The newly allotted shares will rank equally with existing shares in all respects.