'Intimation of raising funds by way of issuance of Non-Convertible Debentures through private placement basis'

UGRO Capital Limited has announced a meeting of its Investment and Borrowing Committee scheduled for 08th October 2025 to consider and approve the raising of funds through the issuance of Non-Convertible Debentures via private placement. This information is also available on the company's website.

Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.

• Instrument and amount finally raised
• Stated use of proceeds
• Whether the enabling resolution is actually used
• UGRO also received stock exchange approval for the Profectus Capital merger and remains on track to achieve al (management committed by Q4 FY26)
• With the heavy lifting on cost and portfolio mix behind us, a balance sheet that needs no further equity, and (management committed by FY29)