Description

Listing of 2,30,26,614 equity shares of Ugro Capital Limited issued at Rs. 185 per share to non-promoters 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 equity shares of Ugro Capital Limited (Scrip Code: 511742) issued to non-promoters on a preferential basis pursuant to conversion of Compulsory Convertible Debentures (CCDs). The shares will commence trading from Tuesday, January 13, 2026. These shares were allotted on October 28, 2025, at an issue price of Rs. 185 per share (face value Rs. 10 + premium Rs. 175) and are subject to lock-in until June 30, 2026.

Key Points

  • 2,30,26,614 equity shares of Rs. 10 face value each listed
  • Issued to non-promoters on preferential basis through CCD conversion
  • Issue price: Rs. 185 per share (Rs. 10 face value + Rs. 175 premium)
  • Trading commences: January 13, 2026
  • Date of allotment: October 28, 2025
  • Distinctive numbers: 116831215 to 139857828
  • ISIN: INE583D01011
  • New shares rank pari-passu with existing equity shares
  • Entire issue subject to lock-in until June 30, 2026

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for securities issued through conversion of Compulsory Convertible Debentures on preferential basis.

Compliance Requirements

  • Trading members must note the listing of new securities effective January 13, 2026
  • Lock-in restrictions apply to all 2,30,26,614 shares until June 30, 2026
  • Shares cannot be transferred or sold by allottees before lock-in expiry
  • Standard trading and settlement procedures apply post lock-in period

Important Dates

  • Allotment Date: October 28, 2025
  • Listing Date: January 13, 2026
  • Trading Commencement: January 13, 2026
  • Lock-in Expiry: June 30, 2026

Impact Assessment

Market Impact: The addition of 2.30 crore shares represents significant equity dilution for Ugro Capital Limited. The preferential allotment to non-promoters at Rs. 185 per share will increase the company’s equity base and total outstanding shares.

Liquidity Impact: Lock-in until June 30, 2026 means these shares will not be available for trading in the secondary market for approximately 5.5 months from listing date, limiting immediate supply impact.

Shareholding Impact: The conversion of CCDs to equity shares will alter the shareholding pattern, increasing non-promoter holdings. Investors should review updated shareholding disclosures.

Capital Structure: The conversion adds to paid-up equity capital while reducing debt component (CCDs), improving the debt-equity ratio and capital structure of Ugro Capital Limited.

Impact Justification

Significant equity dilution of 2.30 crore shares from CCD conversion affects shareholding pattern and market capitalization, with lock-in period until June 30, 2026.