UPL Limited — Capital/Financing Update 2021

Jul 30, 2021

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30[th] July 2021

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai - 400001 SCRIP CODE: 512070	National Stock Exchange of India Ltd Exchange Plaza, C/1, Block G Bandra Kurla Complex, Bandra East Mumbai - 400051 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 CRISIL Ratings Ltd. has reaffirmed / upgraded its ratings respectively for the following instrument / bank facilities of the Company as follows:

SN.	Instruments	Amount (Rs. in crores)	Rating	Rating Action
1.	Commercial Paper	1,500 (Enhanced from 1,350)	CRISIL A1+	Reaffirmed
2.	Bank Loan Facilities	4000	Long term: CRISIL AA+ Outlook:Stable	Reaffirmed; Outlook revised fromNegative
			Short term: CRISIL 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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