UGRO Capital Limited announced that investment and borrowing committee of the Board of Directors of the company at its meeting held on 9 December, 2022, approved an issuance of 250 rated, senior, secured, listed, transferable, redeemable, principal protected market linked non-convertible debentures denominated in Indian Rupees, each having a face value of INR 1 million and an aggregate face value of INR 250 million being offered at discount (with an issue price of INR 927,000 per Debenture) on a private placement basis (the "Issue").