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Ugro Capital informs about outcome of board meeting

20 Jun 2025 Evaluate
Ugro Capital has informed that the Board of Directors of the Company in its meeting held today, June 20, 2025, has, considered and approved the following: Raising of funds through the issuance of 49,264,715 fully paid-up unsecured compulsorily convertible debentures (CCDs), having face value of INR 10 (Indian Rupees Ten Only) each to the non-promoter allotees by way of a preferential allotment for an amount upto INR 911.40 Crores (Indian Rupees Nine Hundred Eleven Crores and Forty Lakhs only) at an issue price of INR 185 (Indian Rupees One Hundred and Eighty Five only) for each CCD as determined in accordance with Chapter V of SEBI (Issuer of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) and other applicable regulation subject to approval of the shareholder of the Company through postal ballot which will commence on June 21, 2025 and end on July 20, 2025 subject to receipt of statutory / regulatory approvals in accordance with the applicable laws. The relevant date for determination of issue price of the CCDs, in accordance with provisions of the SEBI ICDR Regulations, is June 20, 2025 (Relevant Date), being the date, which is 30 (thirty) days prior to the date of shareholders’ meeting for approving this preferential issue. Each CCD shall be convertible into one equity share having face value of INR 10 per equity share fully paid up (Conversion Shares) at a conversion price of INR 185 per equity share (Conversion Price) which includes premium of INR 175 per equity share, determined in accordance with Chapter V of the SEBI ICDR Regulations with respect to the Relevant Date or such number of equity shares and can be converted at the end of the 18 (eighteen) months period from the date of issue of such CCDs on such other terms and conditions, subject to the SEBI ICDR Regulations. Requisite details for the aforesaid in terms of Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (SEBI Master Circular) is enclosed as Annexure A and name of the investors is enclosed as Annexure B.

The above information is a part of company’s filings submitted to BSE.

Ugro Capital Share Price

114.94 10.08 (9.61%)
17-Apr-2026 16:59 View Price Chart
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