Certificate on utilization of Commercial Paper proceeds and adherence to other listing conditions for the quarter ended 30th June 2025
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital has filed a compliance certificate with BSE and NSE confirming that proceeds from its Commercial Paper (CP) issuances during the quarter ended 30 June 2025 were fully used for the purposes stated in the disclosure document, and all other SEBI listing conditions were met. During the quarter, the company issued 7 CP tranches totalling about ₹175 crore, with maturities ranging from July 2025 to May 2026. The largest single tranches were ₹50 crore each maturing in July 2025 and May 2026. One ₹15 crore tranche was unlisted, while the rest were listed on BSE. The certificate was signed by CFO Kishore Lodha, as required under SEBI's August 2021 circular on CPs.
This is a routine regulatory compliance filing and is unlikely to move the stock price. It does, however, confirm that the company actively tapped the short-term debt market (₹175 crore in one quarter) to fund its lending operations, suggesting continued growth in business requiring working capital.