Description

Listing of 2,30,26,614 equity shares of Ugro Capital Limited issued on preferential basis pursuant to conversion of Compulsory Convertible Debentures, effective January 13, 2026.

Summary

BSE has approved the listing of 2,30,26,614 new equity shares of Ugro Capital Limited (Scrip Code: 511742) issued to Non-Promoters on a preferential basis pursuant to conversion of Compulsory Convertible Debentures. The shares will commence trading on Tuesday, January 13, 2026, and are subject to lock-in until June 30, 2026.

Key Points

  • 2,30,26,614 equity shares of Rs. 10/- each issued at a premium of Rs. 175/-
  • Total issue price: Rs. 185 per share
  • Issued to Non-Promoters on preferential basis following CCD conversion
  • Shares rank pari-passu with existing equity shares
  • Date of allotment: October 28, 2025
  • Distinctive Numbers: 116831215 to 139857828
  • ISIN: INE583D01011
  • All shares under lock-in until June 30, 2026

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification following regulatory compliance for preferential allotment.

Compliance Requirements

  • Trading members must note the new securities for trading purposes
  • The lock-in restrictions must be enforced until June 30, 2026
  • All 2,30,26,614 shares are subject to lock-in provisions

Important Dates

  • Allotment Date: October 28, 2025
  • Trading Commencement: January 13, 2026 (Tuesday)
  • Lock-in Period Ends: June 30, 2026

Impact Assessment

The listing represents a significant equity dilution event for Ugro Capital Limited, with approximately 2.3 crore new shares entering the market. The conversion of CCDs to equity shares strengthens the company’s equity base while reducing debt obligations. The lock-in period until June 30, 2026 provides temporary stability by preventing immediate selling pressure from allottees. Investors should note that the preferential allotment to Non-Promoters at Rs. 185 per share will impact the overall shareholding pattern and could affect stock price dynamics once the lock-in expires.

Impact Justification

Medium importance due to significant equity dilution (2.3 crore shares) from CCD conversion with lock-in period until June 2026, which may impact stock liquidity and shareholder structure.