UPL Limited — Capital/Financing Update 2021

Apr 19, 2021

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19[th] April 2021

BSE LimitedPhiroze Jeejeebhoy TowersDalal Street, FortMumbai - 400001SCRIP CODE: 512070	National Stock Exchange of India LtdExchange Plaza, C/1, Block GBandra Kurla Complex, Bandra EastMumbai - 400051SYMBOL: UPL

Sub: SEBI Circular dated 26[th] November, 2018 – Fund raising by issuance of debt securities by Large Entities

Dear Sir/Madam,

This is with reference to Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26[th] November 2018 issued by SEBI in respect of fund raising by issuance of debt securities by Large Corporate and disclosures and compliances thereof by such Large Corporates.

• In this connection, we submit herewith the following disclosures as on 31[st] March 2021: 1. Annexure A – Initial Disclosure to be made by an entity identified as a Large Corporate

  1. Annexure B1 – Annual Disclosure to be made by an entity identified as a Large Corporate. This Annexure is not applicable since there were no long-term borrowings by UPL Limited in FY20-21.

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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Annexure A

Format of the Initial Disclosure to be made by an entity identified as a Large Corporate

SrNo	Particulars	Details
1	Name of the Company	UPL Limited
2	CIN	L24219GJ1985PLC025132
3	Outstanding borrowing of Company as on31stMarch 2021 as applicable	Rs. 460 crores
4	Highest Credit Rating During the previousFY along with name of Credit Rating Agency	CARE AA+ & BWR AA+
5	Name of Stock Exchange#in which the fineshall be paid, in case of shortfall in therequired borrowing under the framework	BSE

We confirm that we continue to be a Large Corporate as per the applicability criteria given under the SEBI Circular SEBI/HO/DDHS/CIR/2018/44 dated November 26, 2018.

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Sandeep Deshmukh Company Secretary & Compliance Officer Contact No: 022 – 71528000

Anand Vora Chief Financial Officer Contact No: 022 – 71528000

Date: 19th April 2021

In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of the shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay fine in case of shortfall in the mandatory borrowing though debt markets.

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