💡 Board approved fundraise of up to Rs. 3,000 crore via NCDs for business expansion.
What Happened
The Board of Directors of Ugro Capital Limited, at its meeting held on April 20, 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 authorized the Investment and Borrowing Committee to approve the issuance from time to time within this approved limit. The meeting also covered the approval of audited financial results for the year ended March 31, 2026, and other governance matters.
Key Details
- Company: UGRO CAPITAL LIMITED
- Event Type: Fundraise
- Filing Date: 20-Apr-2026 20:41:27
- NSE Filing: View Document
Why It Matters
The approval to raise up to Rs. 3,000 crore through NCDs is a significant capital-raising initiative for Ugro Capital. For an NBFC, such a fundraise is typically aimed at fueling business growth, expanding the loan book, and strengthening the capital base. This move signals the company's intent to scale its operations and could potentially enhance its lending capacity and market position in the competitive financial services sector. The funds are expected to be used for general corporate purposes, including financing activities.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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