Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
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Ugro Capital has decided to withdraw its proposed issuance of listed, rated, senior, secured/unsecured, redeemable Non-Convertible Debentures (NCDs) under Series 2 on a private placement basis. This NCD issuance was originally approved by the company's Investment and Borrowing Committee on 17th December 2025. The withdrawal decision was taken on 22nd December 2025, citing internal considerations as the reason. No specific details about the size, coupon, or tranche value of the withdrawn Series 2 NCDs are disclosed in this intimation.
Shareholders should note that the company is pulling back from a planned debt raise, which could signal changed market conditions, pricing concerns, or a strategic rethink. While it avoids adding this layer of debt for now, it also means the company is not proceeding with the funding it had previously lined up through this route.