Intimation of allotment of unlisted Commercial Papers
UGROCAP · price
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Ugro Capital Limited has allotted unlisted Commercial Papers (CPs) aggregating to Rs. 50 Crores (issue value Rs. 49.42 Crores) on 25th February 2026. The CPs have a short tenure of 49 days, maturing on 15th April 2026, with a face value of Rs. 5,00,000 per security issued at a slight discount of Rs. 4,94,162. Yes Bank Limited is the Issue Paying Agent. The allotment was approved by the Investment and Borrowing Committee of the Board. This is a routine short-term money market borrowing by the company to meet its working capital or short-term funding needs.
This is a routine short-term debt raising (49-day Commercial Paper) and has no material long-term impact on shareholders. The implied annualized yield of approximately 8.8% reflects normal short-term borrowing costs and is not a dilutive equity event.