Ugro Capital has achieved a groundbreaking milestone by receiving a patent for its proprietary credit scoring model, GRO Score. Officially titled 'Method and System for Modelling Credit Scorecards,' this patent underscores Ugro Capital's pivotal role in reimagining credit evaluation for a highly diverse and underserved borrower base. MSMEs contribute nearly one-third of India's GDP yet face significant credit access challenges due to traditional lenders' dependency on collateral and income-based assessments. Ugro Capital addresses this issue with GRO Score, a cutting-edge credit evaluation model leveraging alternate data, such as repayment histories, banking transactions, and GST records, to provide a comprehensive assessment of borrowers without formal income documentation. Now in its third iteration, GRO Score 3.0 integrates advanced statistical algorithms to evaluate creditworthiness with unmatched precision. To date, the model has assessed over 1.7 lakh loan applications, analyzing over 5.6 lakh bureau records, 2.3 lakh bank statements, and 80,000 GST reports, unlocking vital capital for MSMEs across India.Powered by Capital Market - Live

Net profit of Ugro Capital rose 22.95% to Rs 35.52 crore in the quarter ended September 2024 as against Rs 28.89 crore during the previous quarter ended September 2023. Sales rose 35.00% to Rs 330.16 crore in the quarter ended September 2024 as against Rs 244.57 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales330.16244.57 35 OPM %57.9159.66 - PBDT60.8249.56 23 PBT50.1140.79 23 NP35.5228.89 23 Powered by Capital Market - Live

Ugro Capital announced a significant milestone in its mission to bridge the credit gap in India's MSME sector. The Company signed a commitment letter with the United States International Development Finance Corporation (DFC) for a USD 40 million (approx. Rs 330 crore) loan. The United States Agency for International Development (USAID) is supporting this transaction by committing its staff resources and linking its technical programs to support inclusive and sustainable economic growth. This financing facility from DFC will mark the third impact deal for UGRO within a year. The Company has already raised ~INR 250 crore each through Non-Convertible Debentures (NCDs) from the prestigious Asian Development Bank (ADB) in January 2024 and FMO, the Dutch entrepreneurial development bank in December 2023. DFC's support will enable UGRO Capital to bolster its lending efforts to small and mediumsized businesses across India, with a focus on empowering women-owned enterprises. Approximately 70% of the funding will be directed to 2X qualifying businesses (women-owned or led), and at least USD 5 million of the proceeds will support new-to-credit borrowers, with the backing of the CGTMSE Guarantee. Over the past six years, UGRO Capital has provided credit to over 100,000 MSMEs, playing a pivotal role in enabling financial access for underserved small businesses. This partnership with DFC reinforces the Company's ability to attract international capital and align with impact-driven global financial institutions to serve India's vast MSME sector. Powered by Capital Market - Live

UGRO Capital announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs 1,000 each. The Issue has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 100 crore, aggregating up to Rs 200 crore. The Issue opens on Thursday, 10 October 2024 and closes on Wednesday, 23 October 2024 with an option of early closure subject to compliance with Regulation 33A of the SEBI NCS Regulations. The NCDs are proposed to be listed on the Stock Exchanges and NSE is the Designated Stock Exchange for the Issue. The NCDs have been rated 'IND A+/Stable' by India Ratings and Research. Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Tipsons Consultancy Services is the sole lead manager to the issue and Link Intime India is the Registrar to the Issue and MITCON Credentia Trusteeship Services is the debenture trustee to the Issue. This issue has tenor of 18 months, 24 months, and 30 months for secured NCDs. Effective yield (% per annum) for NCD holders in all Categories ranges from 10.64% to 10.91%. Redemption Amount (₹ / NCD) on maturity for NCD holders in all Categories range is Rs 1000.Powered by Capital Market - Live

UGRO Capital will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Ugro Capital has approved the public issuance of secured, rated, listed redeemable, non convertible debentures for an amount of Rs 100 crore (Base Issue Size) with an option to retain oversubscription up to Rs 100 crore (Green Shoe Option), cumulatively aggregating up to Rs 200 crore. Powered by Capital Market - Live

Ugro Capital has achieved a significant milestone by receiving the highest rating of 'IND A1+' for its short-term instrument - Commercial Papers (CP) for 7 to 365 days for issue size of Rs 200 crore, as assigned by India Ratings and Research (Ind-Ra).  Further, Ind-Ra has upgraded the Company's Non-convertible debentures (NCDs) to 'IND A+' from 'IND A' with Stable outlook for issue size of Rs 850 crore, Bank loans to 'IND A+'/Stable for issue size of Rs 1850 crore and Subdebt to 'IND A+'/Stable for issue size of Rs 50 crore. Powered by Capital Market - Live

Net profit of Ugro Capital rose 20.29% to Rs 30.36 crore in the quarter ended June 2024 as against Rs 25.24 crore during the previous quarter ended June 2023. Sales rose 36.65% to Rs 291.44 crore in the quarter ended June 2024 as against Rs 213.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales291.44213.27 37 OPM %61.3561.34 - PBDT52.7943.20 22 PBT42.8435.65 20 NP30.3625.24 20 Powered by Capital Market - Live

Ugro Capital has received credit ratings from India Ratings Stable (upgraded)    Non-convertible Debentures  250 IND A+; Stable (assigned)    Bank loans  1850 IND A+; Stable (upgraded)     Bank loans  750 IND A+; Stable (assigned)    Commercial papers  200 IND A1+(upgraded)    Sub-debt  50 IND A+; Stable (upgraded)   Powered by Capital Market - Live