Ugro Capital Limited has announced the approval of its Investment and Borrowing Committee for the issuance of listed, rated, senior, secured/unsecured, transferable, redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The company plans to issue NCDs with a base issue size of up to ₹200 crore, with an option to retain oversubscription up to ₹500 crore, bringing the total potential issue size to ₹700 crore. This issuance will be in one or more tranches, with specific terms to be finalized between the company and investors. The meeting of the Committee commenced at 3:00 p.m. and concluded at 3:40 p.m. on December 17, 2025. The details of the NCDs, including type of securities, issue size, tenure, coupon/interest offered, and security/charge, are provided in an annexure. For instance, Series 1 NCDs are proposed to have a tenure of 24 months with a tentative allotment date of December 24, 2025, and a tentative maturity date of December 24, 2027. Series 2 has a tentative interest rate of 9.75% and a similar tenure and allotment/maturity dates. Series 3 has a shorter tenure of 13 months, while Series 4 are unsecured debentures. The NCDs are proposed to be listed on BSE Limited.