Ugro Capital Limited has announced the allotment of 5,34,088 equity shares, each with a face value of ₹10, following the mandatory conversion of Compulsorily Convertible Debentures (CCDs). This conversion was triggered by the expiry of the 18-month tenure of the CCDs, which were initially allotted on June 18, 2024. The conversion price for each security was ₹264, including a premium of ₹254 per equity share. The newly allotted equity shares will rank pari passu with the company's existing shares. As a result of this allotment, the company's issued, subscribed, and paid-up equity share capital has increased from 15,41,72,665 equity shares (₹1,54,17,26,650) to 15,47,06,753 equity shares (₹1,54,70,67,530). The announcement also clarifies a previous typographical error regarding the lapse of Warrants. The correct number of Warrants that lapsed is 1,74,54,450, not 1,76,34,374 as initially stated in a filing on December 05, 2025. The 2,04,88,631 Warrants issued on June 18, 2024, with an 18-month tenure, will stand lapsed if conversion is not exercised by the holders.