Ugro Capital : Outcome of committee meeting

About this update from Ugro Capital Limited

14 th March 2022 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001 Dear Sir/ Madam, National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Subject: Issuance of Non-Convertible Debentures on private placement basis. With reference to our letter dated 9 th March 2022 and pursuant to the provisions of Regulation 30 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. Monday, 14 th March 2022 has inter alia approved issuance of 100 Rated, Unlisted, Senior, Unsecured, Redeemable, Taxable, Non-convertible Debentures ("Debentures") each bearing a face value of Rs. 10,00,000/- (Rupees Ten Lakh only) aggregating up to Rs 10,00,00,000/-(Rupees Ten Crores only), for cash, at par, in dematerialised form, on a private placement basis as per the particulars furnished in 'Annexure A'. The meeting of the Committee commenced at 04:00 p.m. and concluded at 04:35 p.m. We request you to take the above on record. The aforesaid information is being made available on the Company's website at www.ugrocapital.com. Thanking You, For UGRO Capital Limited Aniket Karandikar Company Secretary 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 48918686 I E-mail: [email protected] I Website: www.ugrocapital.com Annexure A Sr. Particulars Details No. 1 Type of securities Rated, Unlisted, Senior, Unsecured, Redeemable, Taxable, Non- convertible Debentures 2 Type of issue Private placement basis 3 Size of Issue Rs 10,00,00,000/- Whether proposed to be No listed? If yes, Name of Stock Exchange 5 Tenure of instrument 33.5 months 6 Date of allotment 16 th March 2022 7 Date of maturity 31 st December 2024 8 Coupon/interest offered 11.50% p.a.p.m Schedule of Payment of Coupon payable monthly. coupon/interest and principal 10 Charge/Security, if any, Not applicable created over the assets 11 Special Ranking: Each Debenture issued by the Issuer will constitute direct, senior right/interest/privileges obligations of the Issuer. attached to the instrument and changes thereof Each of the Debenture Holders shall inter-se rank pari passu in relation to their rights and benefits in relation to the Debentures, without any preference or privilege. 12 Delay in payment of interest In case of default, there will be an additional int of 5% p.a over and above / principal amount for a the coupon rate for the defaulting period. period of more than three months from the due date or default in payment of interest / principal; UGRO CAPITAL LIMITED `Registered Office Address: Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai - 400070 CIN: L67120MH1993PLC070739 Telephone: +91 22 48918686 I E-mail: [email protected] I Website: www.ugrocapital.com Details of any letter or Nil comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any; Details of redemption of At Par debentures any cancellation or N.A. termination of proposal for issuance of securities including reasons thereof. UGRO CAPITAL LIMITED `Registered Office Address: Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai - 400070 CIN: L67120MH1993PLC070739 Telephone: +91 22 48918686 I E-mail: [email protected] I Website: www.ugrocapital.com

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