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UGRO CAPITAL LIMITED — Capital/Financing Update 2024
May 18, 2024
61740_rns_2024-05-18_1af38625-4e5a-4fd7-8d66-8663c7a3cd40.pdf
Capital/Financing Update
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18[th] May 2024
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai- 400001 Scrip code: 511742
National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051
NSE Symbol: UGROCAP
Dear Sir/ Madam,
Subject: Outcome of the Investment and Borrowing Committee Meeting
With reference to intimation filed by the Company dated 15[th] May 2024 and pursuant to the provisions of Regulation 30 read with Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Investment and Borrowing Committee of the Board of Directors of the Company (“Committee”) at its meeting held today, i.e. Saturday, 18[th] May 2024 has, inter alia, approved the following matters:
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Issuance of upto 3,500 (three thousand five hundred) Senior, Secured, Rated, Listed, Redeemable, Transferable Non-Convertible Debentures denominated in Indian Rupees ("INR"), having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 35,00,00,000/- (Indian Rupees Thirty-Five Crores), in dematerialised form, on a private placement basis as per the particulars furnished in “ Annexure A ”.
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Issuance of upto 10,000 (ten thousand) Listed, Rated, Senior, Secured, Taxable, Redeemable, NonConvertible Debentures denominated in INR, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each aggregating upto INR 100,00,00,000/- (Indian Rupees Hundred Crores Only) including a green shoe option of upto 5,000 (Five Thousand) Listed, Rated, Senior, Secured, Taxable, Redeemable, Non-Convertible Debentures denominated in Indian Rupees (“INR”), each having face value of INR 1,00,000/- (Indian Rupees One Lakh Only) aggregating upto INR 50,00,00,000/- Indian Rupees Fifty Crores Only) ("Debentures" or "NCDs") in dematerialised form, on a private placement basis as per the particulars furnished in “ Annexure B ”.
The meeting of the Committee commenced at 11:10 a.m. and concluded at 11:25 a.m.
This is for your information and records.
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
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The aforesaid information is being made available on the Company's website at www.ugrocapital.com
Thanking You,
Yours Faithfully,
For UGRO Capital Limited
Satish Kumar Digitally signed by Satish Kumar Chelladurai Chelladurai Date: 2024.05.18 11:33:03 +05'30'
Satish Kumar
Company Secretary and Compliance Officer Encl: a/a
UGRO CAPITAL LIMITED
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
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Annexure A
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----- Start of picture text ----- Sr. No. Particulars Details 1 Type of securities Senior, Secured, Rated, Listed, Redeemable,Transferable Non-Convertible Debentures2 Type of issue Private Placement3 Size of Issue Upto INR 35,00,00,000/- (Indian Rupees Thirty-FiveCrores)4 Listing To be listed on BSE Limited5 Tenure of instrument 36 months6 Date of allotment 16 [th] July 2024 (Tentative)7 Date of maturity 16 [th] July 2027 (Tentative)8 Coupon/interest offered 10.25 % per annum9 Schedule of Payment of coupon/interest Interest –and principal The Coupon shall be payable on a quarterly basisRedemption –6 equal semi-annual instalments/ repayments10 Charge/Security Exclusive and first ranking charge maintained at aminimum of 110% of outstanding Facility Amount11 Special right/interest/privileges attached to Nilthe instrument and changes thereof12 Delay in payment of interest / principal Coupon rate plus 2.0% (Two Percent) per annum.redemption from the due date or default inpayment of interest / principal;13 Details of any letter or comments Nilregarding payment/non-payment ofinterest, principal on due dates, or anyother matter concerning the security and/or the assets along with its commentsthereon, if any;14 Details of redemption of debentures 6 equal semi-annual instalments/ repayments15 Any cancellation or termination of N.A.proposal for issuance of securitiesincluding reasons thereof.----- End of picture text -----
UGRO CAPITAL LIMITED
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
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Annexure B
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----- Start of picture text ----- Sr. No. Particulars Details 1 Type of securities Listed, Rated, Senior, Secured, Taxable, Redeemable,Non-Convertible Debentures2 Type of issue Private Placement3 Size of Issue Upto INR 100,00,00,000/- (Indian Rupees HundredCrores) including a green shoe option of upto INR50,00,00,000/- (Indian Rupees Fifty Crores)4 Listing To be listed on BSE Limited5 Tenure of instrument 18 months6 Date of allotment 14 [th] June 2024 (Tentative)7 Date of maturity 14 [th] December 2025 (Tentative)8 Coupon/interest offered 8.54 % per annum9 Schedule of Payment of coupon/interest Interest –and principal The Coupon shall be payable monthly and upon therelevant Maturity DateRedemption –Debentures shall be redeemed at par upon the relevantMaturity Date10 Charge/Security 1.10 times the value of the outstanding principal plusaccrued interest/obligations11 Special right/interest/privileges attached to Nilthe instrument and changes thereof12 Delay in payment of interest / principal Coupon rate plus 2.0% (Two Percent) per annum.redemption from the due date or default inpayment of interest / principal;13 Details of any letter or comments Nilregarding payment/non-payment ofinterest, principal on due dates, or anyother matter concerning the security and/or the assets along with its commentsthereon, if any;14 Details of redemption of debentures Debentures shall be redeemed at par upon the relevantMaturity Date15 Any cancellation or termination of N.A.proposal for issuance of securitiesincluding reasons thereof.----- End of picture text -----
UGRO CAPITAL LIMITED
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
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