Allotment of 1,37,000 secured NCDs aggregating INR 137,00,00,000 at 9.75% coupon
Allotted 1,37,000 senior, secured, rated, listed NCDs of face value INR 10,000 each, totalling INR 137,00,00,000 via private placement.
- NCD Units Allotted
- 1,37,000
- Face Value Per NCD
- INR 10,000
- Total Nominal Value
- INR 137,00,00,000
- Coupon Rate
- 9.75% per annum, paid monthly
- Maturity Date
- 30th October 2027
What was announced
The Investment and Borrowing Committee approved the allotment of 1,37,000 senior, secured, rated, listed, redeemable, transferable non-convertible debentures through private placement.
Key terms
- Face value: INR 10,000 each
- Aggregate nominal value: INR 137,00,00,000 (One Hundred and Thirty-Seven Crores)
- Coupon: 9.75% per annum, payable monthly
- Tenure: 13 months from the date of allotment
- Date of allotment: 30th September 2026; maturity 30th October 2027
- Listing: proposed on the Wholesale Debt Market segment of BSE Limited
Security
UGRO, as legal and beneficial owner of certain equity shares, is to create security in favour of the Debenture Trustee by way of a first ranking, exclusive and continuing pledge over such Pledged Shares, covering outstanding amounts along with accrued interest, default interest, trustee remuneration, costs and expenses.
Default terms
If any payment obligation is not met on its due date, the company pays default interest of 2% per annum over the coupon rate on unpaid amounts until cured.
How to read it
For a lending company, raising debt through NCDs is a routine funding activity. The borrowing adds to the company's debt at a stated cost of 9.75% per annum for a short 13-month period. No special rights or privileges attach to the instrument beyond those in the transaction documents, and no cancellation of the issuance proposal was reported.
Also from Ugro Capital
Allotment of 180-day Commercial Papers Worth Rs. 31 Crore Redemption Value
25 Sep 2026
More numbers
- Number of NCDs allotted1,37,000
- Face value per NCDINR 10,000
- Aggregate nominal valueINR 137,00,00,000/-
- Coupon rate9.75.%
- Tenure13(Thirteen) Months
- Default interest over coupon2% (two percent) per annum
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.