UGRO Capital Limited announced that the Investment and Borrowing Committee of the Company has approved the allotment of 100 (two hundred) rated, senior, secured, listed, transferable, redeemable, non-convertible debentures, each having a face value of INR 1,000,000 aggregating to INR 100,000,000, on a private placement basis. The Board of Directors and Shareholders at Annual General Meeting held on 29 June, 2021 and 1 September, 2021 respectively, approved raising funds through issue of Non-Convertible Debentures on a private placement basis upto a limit of INR 25000 million and authorised the Investment and Borrowing Committee to approve such issuances from time to time as per business requirements of the Company. Pursuant to such authority the Investment and Borrowing Committee has made allotment of above NCDs The Debentures are proposed to be listed on BSE Limited. Tenure of the instrument is 15 months.