Description

BSE notifies listing of 15,89,170 new equity shares of Ugro Capital Ltd effective April 17, 2026, issued on preferential basis via conversion of Compulsory Convertible Debentures at Rs. 185/- per share.

Summary

BSE has notified trading members that 15,89,170 new equity shares of Ugro Capital Ltd (Scrip Code: 511742) are listed and permitted to trade on the Exchange with effect from Friday, April 17, 2026. The shares were issued at Rs. 185/- per share (face value Rs. 10/- plus premium of Rs. 175/-) to non-promoters on a preferential basis pursuant to conversion of Compulsory Convertible Debentures (CCDs). These shares rank pari-passu with existing equity shares.

Key Points

  • Quantity: 15,89,170 equity shares of Rs. 10/- each
  • Issue Price: Rs. 185/- per share (Rs. 10/- face value + Rs. 175/- premium)
  • Allotment Type: Preferential basis to non-promoters via conversion of Compulsory Convertible Debentures
  • Distribution Numbers: 152583496 to 154172665
  • ISIN: INE583D01011
  • Pari-passu: These shares rank equally with existing equity shares of the company
  • Date of Allotment: December 12, 2025
  • Trading Effective: April 17, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notice under BSE’s Listing Operations Department for securities arising from a preferential allotment.

Compliance Requirements

  • Trading members are informed of the new securities and their eligibility for trading from April 17, 2026
  • The listed shares are subject to a lock-in restriction and cannot be freely traded until the lock-in period expires

Important Dates

  • Date of Allotment: December 12, 2025
  • Trading Commencement: April 17, 2026 (Friday)
  • Lock-in Expiry: October 7, 2026 (for all 15,89,170 shares, Dist. Nos. 152583496–154172665)

Impact Assessment

This is a routine procedural listing notice with low market impact. The 15,89,170 newly listed shares represent a modest equity dilution for Ugro Capital Ltd and arise from conversion of previously issued CCDs. The lock-in period until October 7, 2026, means these shares will not be available for open-market trading immediately, limiting any near-term supply-side pressure on the stock. Existing shareholders are not directly affected beyond standard dilution from preferential allotment.

Impact Justification

Routine listing notice for preferential allotment shares via CCD conversion; procedural in nature with no broad market or regulatory impact. Lock-in period until October 2026 limits near-term trading activity on these shares.