UPL Limited — Capital/Financing Update 2021

Oct 21, 2021

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21[st] October 2021

BSE Limited Mumbai

National Stock Exchange of India Ltd Mumbai

SCRIP CODE: 512070

SYMBOL: UPL

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure – – Requirements) Regulations, 2015 Acquisition of PT Excel Meg Indo Indonesia by a subsidiary of the Company

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations, 2015), we hereby notify that UPL Global Limited, a step down subsidiary of Company’s subsidiary viz. UPL Corporation Limited has entered into definitive agreement for acquisition of 80% stake in equity share capital of PT Excel Meg Indo – Indonesia.

The requisite details under SEBI Listing Regulations, 2015 read with Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 are enclosed as Annexure – 1 to this letter.

We request you to take the above information on records.

Thanking you,

Yours faithfully, For UPL Limited

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Sandeep Deshmukh Company Secretary and Compliance Officer (ACS – 10946)

Encl: As above

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Annexure – 1

Details as per the SEBI circular no. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015

		Annexur		– 1
		Details as per the SEBI circular no. CIR/CFD/		CMD/4/2015 dated 9thSeptember, 2015
SNa				DetailsPT Excel Meg Indo is a companyincorporated in Indonesia (PTE). PTEachievedconsolidatedrevenuesof
	SN	r.o.	Particulars	Details
	a	)	Name of the target entity, details in briefsuch as size, turnover etc.	PT Excel Meg Indo is a companyincorporated in Indonesia (PTE). PTEachievedconsolidatedrevenuesof
				Indonesian Rupiah 330 billion (~USD 23million) in calendar year 2020 andIndonesian Rupiah 271 Billion (~USD 19
				million) in calendar year 2019.
	b	)	Whether the acquisition would fall withinrelated party transaction(s) and whetherthe promoter/promoter group/ groupcompanies have any interest in the entitybeing acquired? If yes, nature of interestand details thereof and whether the""	This is not a related party transaction.
			same is one at arms-length
	c	)	Industry to which the entity beingacquired belongs	Agrochemicals
	d	)	Objects and effects of acquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity)	UPL is a major global pprotection products. PTpresence in Indonesia, ofrange of agro-chemical pro	layer in cropE has goodfering a wideducts.
				Proposed acquisition of PTUPL market access and accrtfli	E shall provideess to product
				pooo.
	e	)	Brief details of any governmental orregulatory approvals required for the	No governmental or regulatrequired.	ory approval is
			acquisition
	f	)	Indicative time period for completion ofthe acquisition	Expected to complete acqstake by December 31, 202	uisition of 80%1.
	g	)	Nature of consideration - whether cashconsideration or share swap and detailsof the same	The consideration shall bcash.	e payable in
	h	)	Cost of acquisition or the price at whichthe shares are acquired	As per the terms of definitPTE has been valued at	ive agreementan enterprise
				value of USD 25 million subject tocustomary price adjustment mechanism.

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Sr.No.	Particulars	Details
i)	Percentage of shareholding / controlacquired and / or number of sharesacquired	The initial stake of 80% of equity sharesshall be acquired upon closing. UPL alsoretains the right to acquire balance 20%stake by end of 2023 subject to the termsof agreement.
j)	Brief background about the entityacquired in terms of products/line ofbusiness acquired, date of incorporation,history of last 3 years turnover, countryin which the acquired entity haspresence and any other significantinformation (in brief)	PTE was founded in 2007 and is engagedinthebusinessoftradingofagrochemicalsandfertilizersinIndonesia. Other information has beenprovided above.

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