UPL Limited — Capital/Financing Update 2021

Jul 17, 2021

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17[th] July 2021

BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, C/1, Block G Dalal Street, Fort Bandra Kurla Complex, Bandra East Mumbai - 400001 Mumbai - 400051 SCRIP CODE: 512070 SYMBOL: UPL

Sub: Intimation regarding Credit Rating for various instruments – Reaffirming / Upgrade

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated 22[nd] October 2019, we hereby intimate that CARE Ratings Ltd. has reaffirmed / upgraded its ratings respectively for the following instruments / bank facilities of the Company as follows:

SN.	Instruments	Amount(Rs. in crores)	Rating	Rating Action
1.	Non-ConvertibleDebentures	150	CARE AA+Outlook:Stable	Reaffirmed;Outlook revised fromNegative
2.	Non-ConvertibleDebentures	150	CARE AA+Outlook:Stable	Reaffirmed;Outlook revised fromNegative
3.	Commercial Paper	1,500(Enhanced from1,350)	CARE A1+	Reaffirmed
4.	Long Term / ShortTerm Bank Facilities	1,650	Long term: CARE AA+Outlook:StableShort term: CARE A1+	Reaffirmed;Outlook revised fromNegative
5.	Short Term BankFacilities	850	CARE A1+	Reaffirmed

This is for your information and records.

Thanking you,

Yours faithfully, For UPL Limited

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

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