UGRO Capital Limited informed that the Investment and Borrowing Committee of the Board of Directors of the Company at its meeting held July 13, 2022 has inter alia approved issuance
of 250 senior, secured, rated, listed, redeemable, taxable Non-convertible Debentures each bearing a face value of INR 1,000,000 aggregating up to INR 250,000,000 for cash, at par, in dematerialised form, on a private placement basis as per the particulars furnished.