Description

BSE lists 13,51,308 new equity shares of UGRO Capital Limited (Scrip Code: 511742) 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 with effect from Thursday, February 26, 2026. These shares were issued to non-promoters on a preferential basis at Rs. 185 per share (face value Rs. 10 + premium Rs. 175) pursuant to the conversion of Compulsory Convertible Debentures (CCDs).

Key Points

  • 13,51,308 equity shares of UGRO Capital Limited listed effective February 26, 2026
  • Shares issued to non-promoters on a preferential basis via conversion of Compulsory Convertible Debentures (CCDs)
  • Issue price: Rs. 185/- per share (face value Rs. 10/- + premium Rs. 175/-)
  • Distribution numbers: 139857829 to 141209136
  • Date of allotment: November 14, 2025
  • New shares rank pari-passu with existing equity shares of the company
  • All 13,51,308 shares are subject to lock-in until July 31, 2026
  • ISIN: INE583D01011

Regulatory Changes

No new regulatory changes. This is a standard listing notification under BSE’s framework for admission of securities issued through preferential allotment and CCD conversion.

Compliance Requirements

  • Trading members are informed that these securities are now available for trading from February 26, 2026
  • The lock-in restriction on all 13,51,308 shares must be observed until July 31, 2026; these shares cannot be traded until the lock-in period expires
  • Market participants should update their records to reflect the new distribution numbers (139857829 to 141209136)

Important Dates

  • Date of Allotment: November 14, 2025
  • Effective Trading Date: February 26, 2026
  • Lock-in Expiry Date: July 31, 2026

Impact Assessment

The listing of approximately 13.51 lakh new shares expands the total equity capital of UGRO Capital Limited. Since all newly listed shares carry a lock-in until July 31, 2026, there is no immediate increase in tradeable float, limiting short-term market impact. The preferential allotment at Rs. 185 per share via CCD conversion reflects a previously agreed capital restructuring event (allotment dated November 14, 2025). Existing shareholders should note the marginal dilution in equity. Once the lock-in period ends on July 31, 2026, these shares may enter the market and could affect liquidity dynamics.

Impact Justification

Routine listing of new shares from a preferential allotment via CCD conversion. The addition of ~13.5 lakh shares increases float marginally but the lock-in until July 2026 limits immediate market impact.