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UGRO CAPITAL LIMITED Capital/Financing Update 2024

Jul 6, 2024

61740_rns_2024-07-06_cd5de54a-39dc-4989-90cd-86376374dc89.pdf

Capital/Financing Update

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6[th] July 2024

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Mumbai- 400001 G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip code: 511742 Symbol: UGROCAP

- Sub: Credit Rating Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has withdrawn the credit rating for the following instruments obtained from Acuite Ratings & Research Limited, credit rating agency.

Product Quantum
(Rs. Incrores)
Long
Term
rating
Short
Term
Rating
Status
as
on
05/07/2024
Non-Convertible
Debentures
(NCD)
349.57 Not Applicable
Withdrawn
-

It is further informed that the credit rating for the following instruments obtained from Acuite Ratings & Research Limited stands to be reaffirmed:

Instrument Previous Amount
(Rs. incrores)
Previous rating Current Amount
(Rs. incrores)
Current Rating
Non-Convertible
Debentures
(NCD)
514.21 ACUITE
A

Stable
329.64

The press release received from Acuite Ratings & Research Limited is enclosed herewith.

This is for your information and record.

Thanking you, For UGRO Capital Limited Satish Kumar Digitally signed by Satish Kumar Chelladurai Chelladurai Date: 2024.07.06 14:31:27 +05'30' Satish Kumar Company Secretary and Compliance Officer Encl: a/a

UGRO CAPITAL LIMITED

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Registered Office Address : Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai - 400070 CIN : L67120MH1993PLC070739

Telephone : +91 22 41821600 I E-mail : [email protected] I Website : www.ugrocapital.com

7/6/24, 10:56 AM

Press Release

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Press Release

July 05, 2024

UGRO CAPITAL LIMITED Rating Reaffirmed and Withdrawn

Product Quantum (Rs. Cr) Long Term Rating Short Term Rating
Non Convertible Debentures (NCD) 329.64 ACUITE A Stable
Non Convertible Debentures (NCD) 349.57 Not Applicable Withdrawn
Total Outstanding 329.64 - -
Total Withdrawn 349.57 - -

Rating Rationale

Acuité has reaffirmed the long-term rating of ‘ACUITE A’ (read as ACUITE A) on the Rs. 329.64 Cr. nonconvertible debentures of UGRO CAPITAL LIMITED (UGRO). The outlook is ‘Stable’.

Acuité has withdrawn the long-term rating on the Rs. 165.00 Cr. Principal Protected Market Linked Debentures without assigning any rating of UGRO CAPITAL LIMITED (UGRO). The withdrawal is on account of request received from client on redemption of the facility and in accordance with Acuite's policy on withdrawal of ratings as applicable to the respective facility / instrument and No dues confirmation received from the debenture trustee.

Acuité has withdrawn the long-term rating on the Rs. 184.57 Cr. Non Convertible Debentures without assigning any rating of UGRO CAPITAL LIMITED (UGRO). The withdrawal is on account of request received from client on redemption of the facility and in accordance with Acuite's policy on withdrawal of ratings as applicable to the respective facility / instrument and No dues confirmation received from the debenture trustee.

Rationale for rating:

The rating reaffirmation continues to take into account the sustained traction in the company’s business in FY2024 with the outstanding portfolio growing to about Rs. 9,047 Cr. as on March 31, 2024 (March 31, 2023: Rs. 6,081 Cr.). The rating further factors in the experienced management team supported by marquee investors. The capital adequacy ratio stood adequate at 20.75 percent as on March 31, 2024 as against 20.23 percent as on March 31, 2023. The gearing levels stood moderately at 3.24 times as on March 31, 2024 as compared to 3.20 times as on March 31, 2023. Additionally, Acuité takes cognizance of the equity infusion in FY2024 to the tune of Rs. 340 Cr. by new investors such as IFU (Denmark government arm) and other domestic investors which will further aid the capitalization levels. The rating also derives comfort from the business model, which is based on technology adoption at every stage, right from initial screening of the borrower to monitoring of the exposures at the post disbursal stage.

However, the rating remains constrained by the subdued earning profile of UGRO as reflected by the low RoAA (PAT/Average AUM) of 1.58 percent as of March 31, 2024 and high operating costs at ~54 percent of UGRO’s total income (i.e. net interest income and other operating income) for FY24. The company reported its average cost of borrowings at 10.70 percent as on March 31, 2024 (P.Y 10.60 percent). Further, the provisioning cover for Stage 3 assets stood at ~48 percent as on March 31, 2024. UGRO reported a marginal decline in the on-time portfolio from 91.55 percent as on March 31, 2023 to 88.05 percent as on March 31, 2024 giving rise to delinquencies in the softer buckets.

About the company

U GRO was originally incorporated as Chokhani Securities Limited in 1993. It is a systemically important nondeposit taking non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). In 2018, pursuant to a change in control and management, the company was renamed UGRO Capital Limited. UGRO's equity shares, commercial paper, and non-convertible debentures are listed on the Bombay Stock Exchange (BSE). The company's equity is also listed on the National Stock Exchange (NSE).

UGRO is headed by Mr. Shachindra Nath, a seasoned finance professional, with more than two decades of experience in the financial services sector. He is the Promoter, Vice Chairman and Managing Director of the company. UGRO is a Mumbai based company (registered office). It had 150 branches across the country as of March 31, 2024. UGRO lends to the MSME segment in nine specifically identified sectors i.e. Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment’s and Components, Auto Components, Light Engineering and

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Micro-Enterprise segment. UGRO has built diversified distribution channels which consist of a Branch led channel, an Ecosystem consisting of Supply Chain & Machinery Finance, Partnerships & Alliances for Co-lending with smaller NBFCs & FinTechs & Digital Channel.

Unsupported Rating

Not Applicable

Analytical Approach

Acuité has considered the standalone financial and business risk profile of UGRO to arrive at the rating

Key Rating Drivers

Strength

Experienced management team supported by marquee investors

UGRO commenced lending operations in 2019 with a focus on lending to the Micro Small and Medium Enterprises (MSME) segment. The company is headed by Vice Chairman and Managing Director, Mr. Shachindra Nath. Mr. Nath has over two decades of experience in BFSI across the insurance, asset management, lending and capital markets sectors. The company is supervised by a majority Independent Board consisting of experienced professional drawn from different background. The other members of the senior management team have experience of around two decades in BFSI sector. UGRO’s investors include private equity players, insurance companies and family offices. The institutional investors include ADV Partners, NewQuest Asia Investments III Limited, PAG (PE firm with a focus on the AsiaPacific region), Samena Capital (a MENA focused PE investment group). In addition to the Private Equity Investors UGRO raised money through QIP and Private Placements from domestic AIFs, Insurance Companies, Family Offices. These investors have infused capital of ~Rs. 650 Cr. in FY2019 and ~Rs. 240 Cr. in FY2020. In FY2024, the company raised equity capital to the tune of Rs. 340 Cr. from new investors such as IFU (Denmark government arm) and other domestic institutions. The company has announced and approved equity raise of Rs 1,332 Cr. in FY2025 in the form of CCD and share warrants and has already raised Rs 510 Cr. in June 2024. The ability to attract capital from a diverse set of investors points to the credibility of the top management team. It also reflects confidence in the business model and strategy. UGRO’s net worth stood at Rs. 1438.36 Cr. as on March 31, 2024 as compared to Rs. 984.04 Cr. as on March 31, 2023. The capital adequacy ratio stood at 20.75 percent as on March 31, 2024 as compared to 20.24 percent on March 31, 2023. The gearing levels stood moderately at 3.24 times as on March 31, 2024 as compared to 3.20 times on March 31, 2023.

Acuité believes, that the experienced management team, presence of marquee investors and adequate capitalisation levels on account of recent infusion will support UGRO’s fund raising plans over the near to medium term.

Business model based on high level of digitization and adherence to predefined policies

UGRO’s business model is based on technology adoption at each and every stage, right from initial screening of the borrower to monitoring of the exposures, at the post disbursal stage. UGRO’s average ticket size is Rs. 15 lacs, with a maximum single party exposure of ~Rs. 5 Cr. Hence, the portfolio is expected to be granular in nature and have a high degree of technological support for effective monitoring. UGRO’s target clientele are MSME units from nine identified sectors, which are Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment’s and Components, Auto Components, Light Engineering and Micro Enterprise Segment. UGRO has identified these sectors through an indepth study and recommendations from external advisory agencies. UGRO divides these sectors into multiple sub – sectors and approaches them with the concept of an eco system around them. The credit underwriting process and platforms are designed to ensure a quick turnaround, without compromising on quality of the loan appraised. The company has credit tools such as scorecards, which help in arriving at the credit decision. The management has developed detailed questionnaires for each sub segment, which help in identifying the key credit issues and sharpening the quality of credit decision.

The systems and processes are evaluated and reviewed from time to time to improve their efficacy in the credit process. The company has put in place safeguards to minimize the possibility of dilution of these processes. These include clauses in the Article of Association such as the right of appointment/termination of key managerial personnel directly to the board and ensuring granularity of the portfolio with loans of more than 1 per cent of its Net Worth or to any related party requiring majority board approval and a unanimous consent of its Asset Liability Committee. Acuité believes that while adherence to stringent underwriting standards may impact the pace of growth of UGRO, it will aid UGRO in maintaining its asset quality in a steady operating environment.

Strong and sustained business growth

The company witnessed strong and sustained traction in its business in FY2023 with its outstanding portfolio growing to about Rs. 9,047 Cr. as on March 31, 2024 (March 31, 2023: Rs. 6,081 Cr). In terms of distribution channel wise, disbursals picked up across all the channels viz. branch-led, partnership and alliances (including co-origination arrangements with NBFCs and loans to NBFCs for onward lending), ecosystem channel (machinery loans and supply chain finance) and pools buyout out from other NBFCs. For FY23, total gross disbursements stood at Rs. 10,217 Cr. (FY23 : Rs. 7,204 Cr.). Out of the total disbursements in FY24, ~40 percent were towards Supply Chain financing

Weakness

Moderate earnings profile

The company reported a PAT of Rs. 119.34 Cr. for FY2024 with PBT level of Rs 178.76 Cr. as compared to PAT of Rs. 39.78 Cr. and PBT of Rs 83.83 Cr. in FY2023. Acuité takes note of the sustained pressure on the earnings profile reflected by the annualized RoAA (PAT/Average AUM) of 1.58 percent for FY24 and high operating costs at ~54 percent of UGRO’s total income (i.e. net interest income and other operating income) for the same period. The

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opex to earning assets moderated to 5.87 percent in FY24 from 6.03 percent in FY23. Acuité believes the ability of the company to scale up the business while mitigating profitability pressures will remain a key monitorable. UGRO's outstanding debt stood at Rs. 4,654 Cr. as on March 31, 2024. The company has a diversified exposure to over 56 lenders including private sector banks, public banks, NCDs, and access to funding via direct assignment and securitization transactions and term loans from other financial institutions. The company reported their average cost of borrowings at 10.70 percent as on March 31, 2024 as against 10.60 percent in previous year.

Moderate asset quality

UGRO’s on book GNPA stood at 3.09 percent as on March 31, 2024 as against 2.46 percent as on March 31, 2023. The company’s restructured portfolio constitutes Rs. 41.50 Cr. (0.46 percent of the AUM) as on March 31, 2024 (1.52 percent of the AUM as on March 31, 2023). Majority of the restructuring was done in the Branch Led Portfolio within the Education & Hospitality sector. Acuité also takes note of the provisioning cover for Stage 3 assets at ~48 percent as on March 31, 2024 which remains moderate. UGRO reported marginal decline in the on-time portfolio for from 91.55 percent as on March 31, 2023 to 88.05 percent as on March 31, 2024 giving rise to delinquencies in the softer buckets.

ESG Factors Relevant for Rating

UGRO belongs to the NBFC sector which complements bank lending in India. Some of the material governance issues for the financial services sector are policies and practices with regard to business ethics, board diversity and independence, compensation structure for board and KMPs, role of the audit committee and shareholders’ rights. On the social aspect, some of the critical issues for the sector are the contributions to financial inclusion and social development, responsible financing including environmentally friendly projects and policies around data privacy. The industry, by nature has a low exposure to environmental risks.

UGRO primarily lends to small businesses where access to funds is a challenge. The company proposes to facilitate financial inclusion and growth for MSMEs through secured or unsecured loans as well as supply chain finance. It is important for UGRO to assess the sustainability factors mainly related to environment, social and corporate governance practices for its lending portfolio. It has a well-articulated CSR policy and Smile Foundation, working under the ambit of UGRO, monitors the CSR activities of the company.

The company has adequate corporate governance policies on whistle blower programme and related party transactions; it has made adequate disclosures related to board and management compensation and outlines the policies related to diversity and ethical business practices in its code of conduct. UGRO’s board comprises of 6 Independent Directors, which is more than 50 percent of the total board members.

Rating Sensitivity

  • Timely infusion of capital and its impact on the capital structure and gearing levels Movement in Cost of borrowing and maintenance of adequate liquidity

  • Deviation in actual financial performance v/s company shared projections and profitability indicators to be tracked through RoAA and PPoP levels

  • Movement in collection efficiency and provision covera

Liquidity Position

Adequate

The company has the flexibility to raise funds through securitisation transactions. As per the asset liability management (ALM) statement dated March 31 2024, UGRO has no negative cumulative mismatches in upto 6 months bucket. The company has cash and bank balance of about Rs. 454.88 Cr. as on March 31, 2024 and has sanctions of Rs 150 Cr. available as on March 31, 2024.

Outlook: Stable

Acuité expects UGRO to maintain ‘Stable’ outlook over the near to medium term on account of experienced management team supported by marquee investors. The outlook may be revised to ‘Positive’ in case UGRO is able to contain asset quality risks within reasonable levels and sustain improving profitability parameters while scaling up its operations. Conversely, the outlook may be revised to ‘Negative’ in case of any challenges in scaling up of AUM or in case of any sharp deterioration in asset quality and profitability levels.

Other Factors affecting Rating

None

Key Financials - Standalone / Originator

Particulars Unit FY24 (Actual) FY23 (Actual)
Total Assets Rs. Cr. 6277.02 4280.11
Total Income* Rs. Cr. 638.76 390.49
PAT Rs. Cr. 119.34 39.78
Net Worth Rs. Cr. 1438.36 984.04
Return on Average Assets(RoAA)** (%) 2.26 1.12

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Return on Average Net Worth(RoNW) (%) 9.85 4.08
Debt/Equity Times 3.24 3.20
Gross NPA (%) 3.09 2.46
Net NPA (%) 1.64 1.31

*Total income equals to Net Interest Income plus other income

**As per Acuité calculations; RoAA based on On balance sheet portfolio

Status of non-cooperation with previous CRA (if applicable):

Not Applicable

Any other information

None

Applicable Criteria

• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm

• Covered Bonds: https://www.acuite.in/view-rating-criteria-83.htm

• Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm

• Explicit Credit Enhancements: https://www.acuite.in/view-rating-criteria-49.htm

• Non-Banking Financing Entities: https://www.acuite.in/view-rating-criteria-44.htm

Note on complexity levels of the rated instrument

In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuité’s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in

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Rating History

Date Name of Instruments/Facilities **Term ** Amount (Rs.
Cr)
Rating/Outlook
06 Jul
2023
Term Loan Long
Term
10.00 ACUITE A (Reaffirmed & Withdrawn)
Secured Retail Non-Convertible
Debentures
Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.03 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
44.44 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
25.38 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
50.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.40 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
7.80 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
44.01 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
46.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
26.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
39.17 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
11.55 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
49.28 ACUITE A
Commercial Paper Program Short
Term
20.00 ACUITE Not Applicable (Withdrawn)
Principal protected market linked
debentures
Long
Term
15.00 ACUITE PP-MLD A
Principal protected market linked
debentures
Long
Term
50.00 ACUITE Not Applicable (Withdrawn)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
130.00 ACUITE PP-MLD A
27 Mar
2023
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
18.75 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)

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Press Release Press Release
Term Loan Long
Term
68.75 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
15.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
50.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
20.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
50.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
19.44 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
30.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
40.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
16.11 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
35.15 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
8.75 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
45.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
43.34 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
35.02 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
24.83 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
16.66 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
30.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
23.05 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
23.75 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
18.33 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
18.00 ACUITE Not Applicable (Withdrawn)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
22.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
1.20 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
6.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
28.88 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
18.89 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
10.55 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
8.75 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
15.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
10.00 ACUITE A

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Press Release Press Release
Term Loan Long
Term
3.33 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
6.03 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
20.95 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
15.00 ACUITE A (Reaffirmed & Withdrawn)
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
44.44 ACUITE A
Term Loan Long
Term
25.38 ACUITE A
Term Loan Long
Term
50.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
10.00 ACUITE A (Reaffirmed & Withdrawn)
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
130.00 ACUITE PP-MLD A
Principal protected market linked
debentures
Long
Term
50.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
15.00 ACUITE PP-MLD A
Proposed Commercial Paper
Program
Short
Term
25.00 ACUITE Not Applicable (Withdrawn)
Proposed Commercial Paper
Program
Short
Term
50.00 ACUITE Not Applicable (Withdrawn)
Proposed Long Term Loan Long
Term
332.96 ACUITE Not Applicable (Withdrawn)
Proposed Non Convertible
Debentures
Long
Term
13.64 ACUITE Not Applicable (Withdrawn)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE Not Applicable (Withdrawn)
Proposed principal protected market
linked debentures

Long
Term
5.00 ACUITE Not Applicable (Withdrawn)
Secured Overdraft Long
Term
31.68 ACUITE A (Reaffirmed & Withdrawn)
Secured Overdraft Long
Term
45.00 ACUITE A (Reaffirmed & Withdrawn)
Secured Overdraft Long
Term
25.00 ACUITE A (Reaffirmed & Withdrawn)
Secured Overdraft Long
Term
1.00 ACUITE A (Reaffirmed & Withdrawn)
Secured Overdraft Long
Term
10.00 ACUITE A (Reaffirmed & Withdrawn)
Secured Overdraft Long
Term
1.00 ACUITE A (Reaffirmed & Withdrawn)
Secured Retail Non-Convertible
Debentures
Long
Term
25.00 ACUITE A
Commercial Paper Program Short
Term
20.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
30.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
25.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
25.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
25.00 ACUITE Not Applicable (Withdrawn)

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Press Release Press Release
Commercial Paper Program Short
Term
15.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
30.00 ACUITE Not Applicable (Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE Not Applicable (Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE Not Applicable (Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Not Applicable (Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
10.00 ACUITE Not Applicable (Withdrawn)
Commercial Paper Program Short
Term
20.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.40 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
7.80 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
44.01 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE Not Applicable (Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
46.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
26.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
39.17 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
11.55 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
49.28 ACUITE A
21 Feb
2023
Cash Credit Long
Term
10.00 ACUITE A (Reaffirmed & Withdrawn)
Cash Credit Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.40 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
7.80 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
44.01 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
15.00 ACUITE A1 (Reaffirmed)

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

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Press Release Press Release
Commercial Paper Program Short
Term
30.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
20.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Secured Overdraft Long
Term
45.00 ACUITE A
Secured Overdraft Long
Term
25.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Secured Overdraft Long
Term
10.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Secured Overdraft Long
Term
31.68 ACUITE A
Proposed Secured Non-Convertible
Debentures
Long
Term
120.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
17.79 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Long Term Loan Long
Term
332.96 ACUITE A
Proposed Market Linked
Debentures
Long
Term
20.00 ACUITE PP-MLD A
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1 (Reaffirmed)
Proposed Commercial Paper
Program
Short
Term
50.00 ACUITE A1 (Reaffirmed)
Principal protected market linked
debentures
Long
Term
50.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
29.70 ACUITE Not Applicable (Withdrawn)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE Not Applicable (Withdrawn)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE Not Applicable (Withdrawn)
Principal protected market linked
debentures
Long
Term
130.00 ACUITE PP-MLD A
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA- (CE)
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

9/42

7/6/24, 10:56 AM

Press Release Press Release
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A
Term Loan Long
Term
18.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
35.02 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
16.66 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
30.00 ACUITE A
Term Loan Long
Term
25.38 ACUITE A
Term Loan Long
Term
23.75 ACUITE A
Term Loan Long
Term
18.33 ACUITE A
Term Loan Long
Term
44.44 ACUITE A
Secured Retail Non-Convertible
Debentures
Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
19.44 ACUITE A
Term Loan Long
Term
30.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
16.11 ACUITE A
Term Loan Long
Term
23.05 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
18.75 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
68.75 ACUITE A
Term Loan Long
Term
15.00 ACUITE A
Term Loan Long
Term
50.00 ACUITE A
Term Loan Long
Term
50.00 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
50.00 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

10/42

7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
15.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
10.55 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
15.00 ACUITE A
Term Loan Long
Term
1.20 ACUITE A
Term Loan Long
Term
6.00 ACUITE A
Term Loan Long
Term
28.88 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
20 Dec
2022
Commercial Paper Program Short
Term
30.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
15.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
30.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
20.00 ACUITE A1 (Downgraded from ACUITE A1+)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Downgraded from ACUITE A1+)
Non-Covertible Debentures (NCD) Long
Term
7.80 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.40 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

11/42

7/6/24, 10:56 AM

Press Release Press Release
Non-Covertible Debentures (NCD) Long
Term
44.01 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Principal protected market linked
debentures
Long
Term
130.00 ACUITE PP-MLD A
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
29.70 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA- (CE)
Principal protected market linked
debentures
Long
Term
50.00 ACUITE PP-MLD AA- (CE)
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1 (Downgraded from ACUITE A1+)
Proposed Commercial Paper
Program
Short
Term
50.00 ACUITE A1 (Downgraded from ACUITE A1+)
Proposed Market Linked
Debentures
Long
Term
20.00 ACUITE PP-MLD A
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
17.79 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Long Term Loan Long
Term
332.96 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A
Proposed Secured Non-Convertible
Debentures
Long
Term
120.00 ACUITE A
Secured Overdraft Long
Term
31.68 ACUITE A
Secured Overdraft Long
Term
45.00 ACUITE A
Secured Overdraft Long
Term
25.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Secured Overdraft Long
Term
10.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Term Loan Long
Term
30.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
23.05 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
18.75 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
68.75 ACUITE A
Term Loan Long
Term
15.00 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

12/42

7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
50.00 ACUITE A
Term Loan Long
Term
50.00 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
50.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
19.44 ACUITE A
Term Loan Long
Term
30.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
16.11 ACUITE A
Term Loan Long
Term
23.75 ACUITE A
Term Loan Long
Term
18.33 ACUITE A
Term Loan Long
Term
25.38 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
15.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
35.02 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
16.66 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
28.88 ACUITE A
Term Loan Long
Term
10.55 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
15.00 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
44.44 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

13/42

7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
18.00 ACUITE A
Term Loan Long
Term
1.20 ACUITE A
Term Loan Long
Term
6.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Secured Retail Non-Convertible
Debentures
Long
Term
25.00 ACUITE A
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A
22 Aug
2022
~~W~~orking Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.40 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
7.80 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
44.01 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A+
Cash Credit Long
Term
10.00 ACUITE A+
Commercial Paper Program Short
Term
20.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
15.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1+ (Reaffirmed)
Secured Overdraft Long
Term
10.00 ACUITE A+
Secured Overdraft Long
Term
1.00 ACUITE A+
Secured Overdraft Long
Term
31.68 ACUITE A+
Secured Overdraft Long
Term
45.00 ACUITE A+
Secured Overdraft Long
Term
25.00 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

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Press Release Press Release
Secured Overdraft Long
Term
1.00 ACUITE A+
Proposed Secured Non-Convertible
Debentures
Long
Term
120.00 ACUITE A+
Proposed Market Linked
Debentures
Long
Term
75.00 ACUITE PP-MLD A+
Proposed Market Linked
Debentures
Long
Term
25.00 ACUITE PP-MLD A+
Proposed Market Linked
Debentures
Long
Term
20.00 ACUITE PP-MLD A+
Proposed Long Term Loan Long
Term
332.96 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
17.79 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A+
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1+ (Reaffirmed)
Proposed Commercial Paper
Program
Short
Term
50.00 ACUITE A1+ (Reaffirmed)
Principal protected market linked
debentures
Long
Term
30.00 ACUITE PP-MLD A+
Principal protected market linked
debentures
Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A+
Working Capital Demand Loan
(WCDL)
Long
Term
25.00 ACUITE A+
Secured Retail Non-Convertible
Debentures
Long
Term
25.00 ACUITE A+
Term Loan Long
Term
10.00 ACUITE A+
Term Loan Long
Term
10.00 ACUITE A+
Term Loan Long
Term
3.33 ACUITE A+
Term Loan Long
Term
6.03 ACUITE A+
Term Loan Long
Term
20.95 ACUITE A+
Term Loan Long
Term
15.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
25.38 ACUITE A+
Term Loan Long
Term
23.75 ACUITE A+
Term Loan Long
Term
18.33 ACUITE A+
Term Loan Long
Term
44.44 ACUITE A+
Term Loan Long
Term
30.00 ACUITE A+
Term Loan Long
Term
19.44 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

15/42

7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
30.00 ACUITE A+
Term Loan Long
Term
40.00 ACUITE A+
Term Loan Long
Term
16.11 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
23.05 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
18.75 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
68.75 ACUITE A+
Term Loan Long
Term
15.00 ACUITE A+
Term Loan Long
Term
50.00 ACUITE A+
Term Loan Long
Term
50.00 ACUITE A+
Term Loan Long
Term
20.00 ACUITE A+
Term Loan Long
Term
50.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
1.20 ACUITE A+
Term Loan Long
Term
6.00 ACUITE A+
Term Loan Long
Term
28.88 ACUITE A+
Term Loan Long
Term
18.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
22.00 ACUITE A+
Term Loan Long
Term
18.89 ACUITE A+
Term Loan Long
Term
10.55 ACUITE A+
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
15.00 ACUITE A+
Term Loan Long
Term
35.15 ACUITE A+
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
45.00 ACUITE A+
Term Loan Long
Term
43.34 ACUITE A+
Term Loan Long
Term
35.02 ACUITE A+
Term Loan Long
Term
22.03 ACUITE A+
Term Loan Long
Term
24.83 ACUITE A+
Term Loan Long
Term
16.66 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

16/42

7/6/24, 10:56 AM

19 May
2022
Press Release Press Release
Commercial Paper Program Short
Term
10.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
20.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
15.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.40 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
7.80 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
44.01 ACUITE A+
Cash Credit Long
Term
10.00 ACUITE A+
Cash Credit Long
Term
10.00 ACUITE A+
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Principal protected market linked
debentures
Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1+ (Reaffirmed)
Proposed Commercial Paper
Program
Short
Term
50.00 ACUITE A1+ (Reaffirmed)
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
17.79 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

17/42

7/6/24, 10:56 AM

Press Release Press Release
Proposed Long Term Loan Long
Term
0.20 ACUITE A+
Proposed Long Term Loan Long
Term
455.77 ACUITE A+
Proposed Long Term Loan Long
Term
150.00 ACUITE A+
Proposed Market Linked
Debentures
Long
Term
25.00 ACUITE PP-MLD A+
Proposed Market Linked
Debentures
Long
Term
50.00 ACUITE PP-MLD A+
Secured Overdraft Long
Term
1.00 ACUITE A+
Term Loan Long
Term
6.03 ACUITE A+
Term Loan Long
Term
20.95 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
35.15 ACUITE A+
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
45.00 ACUITE A+
Term Loan Long
Term
43.34 ACUITE A+
Term Loan Long
Term
46.87 ACUITE A+
Term Loan Long
Term
22.03 ACUITE A+
Term Loan Long
Term
24.83 ACUITE A+
Term Loan Long
Term
20.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
18.89 ACUITE A+
Term Loan Long
Term
16.67 ACUITE A+
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
22.86 ACUITE A+
Term Loan Long
Term
5.00 ACUITE A+
Term Loan Long
Term
8.00 ACUITE A+
Term Loan Long
Term
3.33 ACUITE A+
Term Loan Long
Term
40.00 ACUITE A+
Term Loan Long
Term
10.00 ACUITE A+
Term Loan Long
Term
4.58 ACUITE A+
Term Loan Long
Term
90.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
22.00 ACUITE A+
04 Mar
2022
Term Loan Long
Term
10.00 ACUITE A+
Term Loan Long
Term
22.86 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

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7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
16.67 ACUITE A+
Term Loan Long
Term
18.89 ACUITE A+
Term Loan Long
Term
22.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
90.00 ACUITE A+
Term Loan Long
Term
40.00 ACUITE A+
Term Loan Long
Term
3.33 ACUITE A+
Term Loan Long
Term
8.00 ACUITE A+
Term Loan Long
Term
5.00 ACUITE A+
Term Loan Long
Term
4.58 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
20.00 ACUITE A+
Term Loan Long
Term
24.83 ACUITE A+
Term Loan Long
Term
22.03 ACUITE A+
Term Loan Long
Term
46.87 ACUITE A+
Term Loan Long
Term
43.34 ACUITE A+
Term Loan Long
Term
45.00 ACUITE A+
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
35.15 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
20.95 ACUITE A+
Term Loan Long
Term
6.03 ACUITE A+
Secured Overdraft Long
Term
1.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
200.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
25.00 ACUITE PP-MLD A+
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A+
Proposed Long Term Loan Long
Term
150.00 ACUITE A+
Proposed Long Term Loan Long
Term
455.77 ACUITE A+
Proposed Long Term Loan Long
Term
0.20 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

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7/6/24, 10:56 AM

Press Release Press Release
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1+ (Reaffirmed)
Proposed Commercial Paper
Program
Short
Term
50.00 ACUITE A1+ (Assigned)
Cash Credit Long
Term
10.00 ACUITE A+
Cash Credit Long
Term
10.00 ACUITE A+
Commercial Paper Program Short
Term
15.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Reaffirmed)
Commercial Paper Program Short
Term
20.00 ACUITE A1+ (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE) (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE) (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE) (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE) (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE) (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Commercial Paper Program Short
Term
10.00 ACUITE A1+ (Reaffirmed)
24 Feb
2022
Commercial Paper Program Short
Term
10.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
15.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
20.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
25.00 ACUITE A1+ (Upgraded from ACUITE A1)
Commercial Paper Program Short
Term
30.00 ACUITE A1+ (Upgraded from ACUITE A1)
Cash Credit Long
Term
10.00 ACUITE A+
Cash Credit Long
Term
10.00 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

20/42

7/6/24, 10:56 AM

Press Release Press Release
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A+
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1+ (Upgraded from ACUITE A1)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A+
Proposed Non Convertible
Debentures
Long
Term
25.00 ACUITE PP-MLD A+
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A+
Secured Overdraft Long
Term
1.00 ACUITE A+
Proposed Term Loan Long
Term
43.34 ACUITE A+
Proposed Term Loan Long
Term
22.03 ACUITE A+
Proposed Term Loan Long
Term
22.86 ACUITE A+
Proposed Term Loan Long
Term
35.15 ACUITE A+
Proposed Term Loan Long
Term
16.67 ACUITE A+
Proposed Term Loan Long
Term
18.89 ACUITE A+
Proposed Term Loan Long
Term
20.00 ACUITE A+
Proposed Term Loan Long
Term
4.58 ACUITE A+
Proposed Term Loan Long
Term
24.83 ACUITE A+
Proposed Term Loan Long
Term
20.95 ACUITE A+
Proposed Term Loan Long
Term
455.77 ACUITE A+
Proposed Term Loan Long
Term
5.00 ACUITE A+
Proposed Term Loan Long
Term
45.00 ACUITE A+
Proposed Term Loan Long
Term
8.75 ACUITE A+
Proposed Term Loan Long
Term
0.20 ACUITE A+

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

21/42

7/6/24, 10:56 AM

Press Release Press Release
Proposed Term Loan Long
Term
6.03 ACUITE A+
Term Loan Long
Term
8.00 ACUITE A+
Term Loan Long
Term
90.00 ACUITE A+
Term Loan Long
Term
22.00 ACUITE A+
Term Loan Long
Term
46.87 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
10.00 ACUITE A+
Term Loan Long
Term
8.75 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
25.00 ACUITE A+
Term Loan Long
Term
3.33 ACUITE A+
Term Loan Long
Term
40.00 ACUITE A+
09 Dec
2021
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
90.00 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

22/42

7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Proposed Term Loan Long
Term
455.77 ACUITE A
Proposed Term Loan Long
Term
0.20 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
107.85 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
25.00 ACUITE PP-MLD A
Proposed Commercial Paper
Program
Short
Term
45.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
15.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
20.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

23/42

7/6/24, 10:56 AM

Press Release Press Release
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
30.00 ACUITE A1 (Reaffirmed)
30 Nov
2021
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
90.00 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
75.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
50.00 ACUITE A1 (Assigned)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

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7/6/24, 10:56 AM

Press Release Press Release
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Proposed Commercial Paper
Program
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Term Loan Long
Term
455.77 ACUITE A
Proposed Term Loan Long
Term
0.20 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
25.00 ACUITE PP-MLD A
28 Oct
2021
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
90.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE Provisional BBB-
Term Loan Long
Term
3.33 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

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7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Long Term Loan Long
Term
0.20 ACUITE A
Proposed Long Term Loan Long
Term
455.77 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
90.00 ACUITE A1 (Reaffirmed)

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

26/42

7/6/24, 10:56 AM

Press Release Press Release
Commercial Paper Program Short
Term
75.00 ACUITE A1 (Assigned)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
11 Oct
2021
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
65.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
50.00 ACUITE A
Proposed Long Term Loan Long
Term
0.20 ACUITE A
Proposed Long Term Loan Long
Term
455.77 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
150.00 ACUITE A (Reaffirmed & Withdrawn)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
45.00 ACUITE A

https://connect.acuite.in/fcompany-details/UGRO CAPITAL LIMITED/5th_Jul_24

27/42

7/6/24, 10:56 AM

Press Release Press Release
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
90.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
24 Sep
2021
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
150.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Long Term Loan Long
Term
0.20 ACUITE A
Proposed Long Term Loan Long
Term
455.77 ACUITE A
Proposed Commercial Paper
Program
Short
Term
65.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A

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Press Release Press Release
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
90.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
22.00 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
5.00 ACUITE A

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21 Sep
2021
Press Release Press Release
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
30.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Proposed Long Term Loan Long
Term
455.77 ACUITE A (Reaffirmed)
Proposed Long Term Loan Long
Term
0.20 ACUITE A (Reaffirmed)
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
0.30 ACUITE A (Reaffirmed)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
10.00 ACUITE A (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
16.67 ACUITE A

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Press Release Press Release
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
90.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
22.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
43.34 ACUITE A (Reaffirmed)
Term Loan Long
Term
45.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
8.75 ACUITE A (Reaffirmed)
Term Loan Long
Term
35.15 ACUITE A (Reaffirmed)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
20.95 ACUITE A (Reaffirmed)
Term Loan Long
Term
46.87 ACUITE A (Reaffirmed)
Term Loan Long
Term
22.03 ACUITE A (Reaffirmed)
Term Loan Long
Term
24.83 ACUITE A (Reaffirmed)
Term Loan Long
Term
20.00 ACUITE A (Reaffirmed)
Term Loan Long
Term
25.00 ACUITE A (Reaffirmed)
02 Sep
2021
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.00 ACUITE A

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Press Release Press Release
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE Provisional PP-MLD AA+ (CE)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Long Term Loan Long
Term
592.77 ACUITE A
Proposed Long Term Loan Long
Term
0.20 ACUITE A
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
26 Aug
2021
Proposed Non Convertible
Debentures
Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Long Term Loan Long
Term
592.77 ACUITE A
Proposed Long Term Loan Long
Term
0.20 ACUITE A

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Press Release Press Release
Secured Overdraft Long
Term
1.00 ACUITE A
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Term Loan Long
Term
10.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.00 ACUITE A
Term Loan Long
Term
24.83 ACUITE A
Term Loan Long
Term
22.03 ACUITE A
Term Loan Long
Term
46.87 ACUITE A
Term Loan Long
Term
43.34 ACUITE A
Term Loan Long
Term
45.00 ACUITE A
Term Loan Long
Term
8.75 ACUITE A
Term Loan Long
Term
35.15 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
25.00 ACUITE A
Term Loan Long
Term
20.95 ACUITE A
Term Loan Long
Term
6.03 ACUITE A
Term Loan Long
Term
22.86 ACUITE A
Term Loan Long
Term
8.75 ACUITE A

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Press Release Press Release
Term Loan Long
Term
16.67 ACUITE A
Term Loan Long
Term
18.89 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
3.33 ACUITE A
Term Loan Long
Term
8.00 ACUITE A
Term Loan Long
Term
5.00 ACUITE A
Term Loan Long
Term
4.58 ACUITE A
11 Aug
2021
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
05 Aug
2021
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A

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Press Release Press Release
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE Provisional PP-MLD AA+ (CE)
(Reaffirmed & Withdrawn)
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
22 Jul
2021
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)

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Press Release Press Release
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
09 Jul
2021
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
30.00 ACUITE Provisional PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)

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Press Release Press Release
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
28 May
2021
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
0.30 ACUITE Provisional PP-MLD AA+ (CE)
(Reaffirmed & Withdrawn)
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE PP-MLD AA+ (CE)
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
21 May
2021
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A

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Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE PP-MLD AA+ (CE)
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
20.00 ACUITE Provisional PP-MLD AA+ (CE)
Proposed Non Convertible
Debentures
Long
Term
0.30 ACUITE Provisional PP-MLD AA+ (CE)
Term Loan Long
Term
40.00 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
05 May
2021
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
0.30 ACUITE Provisional PP-MLD AA+ (CE)
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A

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Non-Covertible Debentures (NCD) Long
Term
29.70 ACUITE Provisional PP-MLD AA+ (CE)
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
40.00 ACUITE A
28 Apr
2021
Commercial Paper Program Short
Term
10.00 ACUITE A1 (Reaffirmed)
Cash Credit Long
Term
10.00 ACUITE A
Cash Credit Long
Term
10.00 ACUITE A
Commercial Paper Program Short
Term
21.00 ACUITE A1 (Reaffirmed)
Commercial Paper Program Short
Term
25.00 ACUITE A1 (Reaffirmed)
Proposed Commercial Paper
Program
Short
Term
44.00 ACUITE A1 (Reaffirmed)
Non-Covertible Debentures (NCD) Long
Term
10.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
35.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
20.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
50.00 ACUITE A
Non-Covertible Debentures (NCD) Long
Term
25.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
145.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
65.00 ACUITE A
Proposed Non Convertible
Debentures
Long
Term
30.00 ACUITE Provisional PP-MLD AA+ (CE)
Proposed Long Term Bank Facility Long
Term
13.63 ACUITE A
Term Loan Long
Term
6.25 ACUITE A
Term Loan Long
Term
6.38 ACUITE A
Term Loan Long
Term
8.50 ACUITE A
Term Loan Long
Term
5.24 ACUITE A
Term Loan Long
Term
40.00 ACUITE A

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Annexure - Details of instruments rated

Lender’s
Name
ISIN Facilities Date Of
Issuance
Coupon
Rate
Maturity
Date
Quantum
(Rs. Cr.)
Complexity
Level
Rating
Not
Applicable
INE583D07109 Non-
Convertible
Debentures
(NCD)
26 Mar
2021
11.55 31 Dec
2024
25.00 Simple ACUITE A
Not
Applicable
INE583D08024 Non-
Convertible
Debentures
(NCD)
17 Mar
2022
11.50 31 Dec
2024
10.00 Simple ACUITE A
Not
Applicable
INE583D07232 Non-
Convertible
Debentures
(NCD)
29 Mar
2022
11.70 29 May
2025
50.00 Simple ACUITE A
Not
Applicable
INE583D07257 Non-
Convertible
Debentures
(NCD)
05 May
2022
10.15 05 Aug
2024
7.80 Simple ACUITE A
Not
Applicable
INE583D07265 Non-
Convertible
Debentures
(NCD)
05 May
2022
10.40 05 May
2025
44.01 Simple ACUITE A
Not
Applicable
INE583D07190 Non-
Convertible
Debentures
(NCD)
17 Dec
2021
11.30 17 Dec
2027
46.00 Simple ACUITE A
Not
Applicable
INE583D07208 Non-
Convertible
Debentures
(NCD)
29 Dec
2021
11.30 29 Dec
2027
26.00 Simple ACUITE A
Not
Applicable
INE583D07216 Non-
Convertible
Debentures
(NCD)
12 Jan
2022
11.30 12 Jan
2028
35.00 Simple ACUITE A
Not
Applicable
INE583D07224 Non-
Convertible
Debentures
(NCD)
19 Jan
2022
10.25 19 Jan
2025
25.00 Simple ACUITE A
Not
Applicable
INE583D07307 Non-
Convertible
Debentures
(NCD)
26 Sep
2022
10.35 26 Dec
2024
11.55 Simple ACUITE A
Not
Applicable
INE583D07315 Non-
Convertible
Debentures
(NCD)
26 Sep
2022
10.50 26 Sep
2025
49.28 Simple ACUITE A
Not
Applicable
INE583D07174 Non-
Convertible
Debentures
(NCD)
16 Nov
2021
10.00 16 Feb
2024
50.00 Simple Not
Applicable
Not
Applicable
INE583D07299 Non-
Convertible
Debentures
(NCD)
28 Sep
2022
10.15 28 Mar
2024
39.17 Simple Not
Applicable
Not
Applicable
INE583D07026 Non-
Convertible
Debentures
(NCD)
08 Jun
2020
10.00 08 Jun
2023
50.00 Simple Not
Applicable
Not
Applicable
INE583D07240 Non-
Convertible
Debentures
(NCD)
05 May
2022
10.00 04 Nov
2023
20.40 Simple Not
Applicable
Not
Applicable
INE583D07158 Principal
protected
31 Aug
2021
9.10 05 Sep
2023
20.00 Complex Not
Applicable

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market
linked
debentures
Not
Applicable
INE583D07273 Principal
protected
market
linked
debentures
23 May
2022
Not avl.
/ Not
appl.
23 Jan
2024
130.00 Complex Not
Applicable
Not
Applicable
INE583D07182 Principal
protected
market
linked
debentures
30 Nov
2021
9.25 30 May
2023
15.00 Complex Not
Applicable
Not
Applicable
INE583D07281 Secured
Retail Non-
Convertible
Debentures
15 Jul
2022
Not avl.
/ Not
appl.
15 Oct
2023
25.00 Simple Not
Applicable

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Contacts

Mohit Jain Contact details exclusively for investors and Senior Vice President - Rating Operations lenders Akancha Singh Mob: +91 8591310146 Analyst - Rating Operations Email ID: [email protected]

About Acuité Ratings & Research

Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai.

Disclaimer: An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Ratings assigned by Acuité are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité, in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind, arising from the use of its ratings. Ratings assigned by Acuité are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité. Please visit https://www.acuite.in/faqs.htm to refer FAQs on Credit Rating.

© Acuité Ratings & Research Limited. All Rights Reserved.

www.acuite.in

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