💡 Board approved issuance of NCDs up to Rs. 3,000 crores for business expansion.
What Happened
The Board of Directors of Ugro Capital Limited, at its meeting held on 20th April 2026, considered and approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs. 3,000 crores on a private placement basis. The Board has authorized the Investment and Borrowing Committee to approve the issuance from time to time within this limit. The meeting also approved the audited financial results for the year ended 31st March 2026 and recommended the re-appointment of the Vice Chairman and Managing Director.
Key Details
- Company: UGRO Capital Limited
- Event Type: Fundraise
- Filing Date: 20-Apr-2026 20:42:31
- NSE Filing: View Document
Why It Matters
The approval to raise up to Rs. 3,000 crores through NCDs is a significant capital-raising initiative for Ugro Capital, an NBFC focused on lending. This fundraise is intended to fuel the company's growth and expansion plans, providing it with the necessary capital to scale its lending operations. For investors, a successful fundraise at this scale signals strong future growth potential and the company's ability to access capital markets to support its business objectives.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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