Intimation of allotment of NCDs on private placement basis
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ugro Capital's Investment and Borrowing Committee approved the allotment of 45,000 listed, rated, senior, secured, redeemable NCDs on 18th March 2026 via private placement. Each NCD has a face value of ₹10,000, taking the total issue size to ₹45 crores. The NCDs carry a coupon of 9.50% per annum, paid monthly, with a short tenure of 13 months maturing on 18th April 2027. The instruments are proposed to be listed on BSE, and security is backed by a first-ranking exclusive pledge of equity shares held by the company.
This is a relatively small short-term borrowing (₹45 crores for ~13 months) at a moderate 9.50% rate, likely to support the company's lending business. Minimal direct impact on shareholders, though the secured pledge of equity shares is a point worth monitoring.