Monitoring Agency Report of the Company for the quarter ended 30th June 2025 pursuant to SEBI ICDR Regulations
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital has filed Monitoring Agency Reports from India Ratings & Research for the quarter ended 30 June 2025 covering two fund raises. The Rights Issue (open 13-23 June 2025) was sized at INR 40,000 Lakhs but the company actually received INR 38,072.21 Lakhs, as 11,50,381 equity shares went unsubscribed; proceeds are earmarked for augmenting the capital base for onward lending (INR 36,000 Lakhs), general corporate purposes (INR 2,967.11 Lakhs), and issue expenses (INR 1,205.10 Lakhs), with INR 37,331.79 Lakhs still parked in IDFC First Bank and HDFC Bank accounts pending deployment. The Preferential Issue (June 2024) of CCDs and convertible warrants had a total size of INR 1,296.26 Crores, of which INR 513.37 Crores has been received till date, and the full INR 513.37 Crores has been utilized towards loan portfolio growth, debt repayment, and general corporate purposes as per the stated objects. India Ratings confirmed no deviation from the stated objects for either issue, backed by certificates from statutory auditor Sharp & Tannan Associates.
This is a routine regulatory compliance filing that reassures shareholders that the funds raised through both the recent Rights Issue and the earlier Preferential Issue are being used in line with what was communicated at the time of the raises, with no misuse or deviation reported. Neutral to slightly positive for investor confidence, as it signals orderly deployment of capital, though the Rights Issue undersubscription of about 4.7% is a minor negative signal on demand.