UPL Limited — Capital/Financing Update 2021

May 12, 2021

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12[th] May 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: Exercise of Call Option on Non-Convertible Debentures

Dear Sir/Madam,

We would like to inform you that the Board of Directors at their meeting held today i.e. 12[th] May 2021 has decided to exercise the Call Option for early redemption of Non-Convertible Debentures (NCDs) of Rs.250 crores.

Pursuant to Regulation 60(2) of SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015, we would like to further intimate that the record date for the purpose of redemption of NCDs pursuant to the exercise of the call option by the Company and the date of redemption and interest payment are as follows :

ISIN	Security Description	Listed on	Record Date for Call Option	Purpose
INE628A08163	Listed, Unsecured, NCDs of face value of Rs. 10,00,000/- each	BSE	4thJune, 2021 (Since 6thJune is a Sunday, record date has been decided on prior working day)	Redemption of NCDs by payment of Principal and Annual Interest on 6thJuly, 2021 pursuant to exercise of call option by the Company.

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)

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