Ugro Capital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/04/2025 ,inter alia, to consider and approve Updated intimation for Board Meeting ....
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital's Board of Directors will meet on Saturday, April 26, 2025 to consider and approve the audited financial results for Q4 and the full financial year ending March 31, 2025, along with the audited financial statements. The Board will also evaluate proposals to raise funds through a Qualified Institutions Placement (QIP) of equity shares and/or a preferential issue, as well as through debt instruments including Non-Convertible Debentures (NCDs). A general meeting of shareholders will be convened to seek approval for these fund-raising plans. This filing is an updated intimation replacing the earlier one dated April 3, 2025, adding the fund-raising agenda items.
Investors should watch April 26 closely — FY25 audited results will set the tone for the stock, while the proposed equity raise via QIP/preferential issue carries dilution risk for existing shareholders. The debt route (NCDs) would add to the company's leverage and interest obligations.