Description
BSE lists 13,51,308 new equity shares of UGRO Capital Limited effective February 26, 2026, issued to non-promoters on a preferential basis pursuant to conversion of compulsory convertible debentures (CCDs) at Rs. 185 per share.
Summary
BSE has notified trading members that 13,51,308 new equity shares of UGRO Capital Limited (Scrip Code: 511742, ISIN: INE583D01011) are listed and permitted to trade on the Exchange effective Thursday, February 26, 2026. These shares were issued to non-promoters on a preferential basis pursuant to the conversion of compulsory convertible debentures (CCDs) at an issue price of Rs. 185 per share (face value Rs. 10 + premium of Rs. 175).
Key Points
- Company: UGRO Capital Limited (Scrip Code: 511742)
- Number of shares: 13,51,308 equity shares of Rs. 10/- each
- Issue price: Rs. 185/- per share (Rs. 10 face value + Rs. 175 premium)
- Issued to: Non-Promoters on a preferential basis
- Reason for issue: Conversion of Compulsory Convertible Debentures (CCDs)
- Ranking: Pari-passu with existing equity shares
- Distinctive numbers: 139857829 to 141209136
- Date of allotment: November 14, 2025
- Trading effective from: February 26, 2026
Regulatory Changes
No new regulatory changes. This is a standard listing notification pursuant to a completed preferential allotment and CCD conversion already approved by the company and regulators.
Compliance Requirements
- Trading members are informed to update their systems to reflect the new securities available for trading from February 26, 2026.
- The newly listed shares carry a lock-in restriction and cannot be freely traded until the lock-in period expires.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | November 14, 2025 |
| Listing / Trading effective date | February 26, 2026 |
| Lock-in expiry (13,51,308 shares) | July 31, 2026 |
Impact Assessment
The listing adds 13,51,308 new equity shares to UGRO Capital Limited’s outstanding share count, marginally diluting existing shareholders. The shares are subject to a lock-in until July 31, 2026, meaning they will not be available for open-market trading until that date, limiting immediate liquidity impact. This is a routine corporate action reflecting the conversion of CCDs held by non-promoter investors. No significant market-wide impact is expected.
Impact Justification
Routine preferential allotment listing from CCD conversion with a lock-in period; expands equity share capital but is a standard corporate action with limited broader market impact.