Intimation of raising of funds by way of issuance of NCDs through private placement basis
UGROCAP · price
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Ugro Capital has informed the stock exchanges that its Investment and Borrowing Committee will meet on 21st March 2026 to consider and approve raising of funds through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. No specific amount, number of NCDs, or coupon rate has been disclosed in this intimation. UGRO Capital is an NBFC, and raising debt through NCDs is a routine funding activity for the company. Further details including the issue size and terms are expected to be shared after the committee meeting.
This is a preliminary intimation and the actual fundraising details are yet to be decided. For shareholders, it signals potential dilution of earnings per share only if any NCDs have an equity component, but as standard NCDs these are debt instruments and should not dilute equity. Investors should watch for the size and pricing of the NCD issue once approved.