UPL Limited — Capital/Financing Update 2024

Feb 21, 2024

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21[st] February 2024

BSE Limited Mumbai

SCRIP CODE: 512070

National Stock Exchange of India Ltd Mumbai

SYMBOL: UPL

Sub: Incorporation of a step-down subsidiary in Hungary

Dear Sir / Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), it is hereby informed that the Company has received an intimation today i.e. 21[st] February 2024, about issuance of certificate of incorporation with regards to new step-down subsidiary viz. Advanta Seeds Hungary Korlátolt Felelősségű Társaság effective 20[th] February 2024.

The details as required under SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPod1/P/CIR//2023/123 dated 13[th] July, 2023 are as under: -

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----- Start of picture text ----- SN Particulars Details1 Name of the target entity, details in brief Name – Advanta Seeds Hungary Korlátoltsuch as size, turnover, history of last 3 Felelősségű Társaságyears turnover, etc.Turnover – Not applicable (Newly incorporatedcompany).Industry to which the entity beingacquired belongs and brief background Industry – Seeds and related business.about the entity acquired in terms ofproducts/line of business acquired and Date of Incorporation – 20 [th] February 2024.Date of Incorporation.2 Whether the acquisition would fall within Advanta Seeds Hungary Korlátolt Felelősségűrelated party transaction(s) and whether Társaság would be a step-down subsidiary atthe promoter/ promoter group/ group Advanta Seed structure under Advanta Enterprisescompanies have any interest in the entity Limited, India in which the Company holds 86.67%being acquired? If yes, nature of interest shareholding. It becomes a related party uponand details thereof and whether the incorporation.same is done at “arm’s length”.The promoter / promoter group / group companiesdo not have any direct / indirect interest.3 Objects and effects of acquisition The Company is incorporated to carry out seeds(including but not limited to, disclosure of and related business.reasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity)4 Brief details of any governmental or No other regulatory approvals are required for theregulatory approvals required for the investment.acquisition5 Indicative time period for completion of Not Applicable.the acquisition6 Nature of consideration - whether cash Advanta Netherlands Holdings B.V. has investedconsideration or share swap and details initial capital of HUF 12,000,000.----- End of picture text -----

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SN	Particulars	Details
	of the same. Cost of acquisition or theprice at which the shares are acquired.
7	Percentage of shareholding / controlacquired and / or number of sharesacquired	100% shares are held by Advanta NetherlandsHoldings B.V.
8	Country in which the acquired entity haspresence and any other significantinformation(in brief)	Hungary

Thanking you,

Yours faithfully, For UPL Limited

SANDEEP Digitally signed by SANDEEP MOHAN MOHAN DESHMUKH Date: 2024.02.21 DESHMUKH 19:03:43 +05'30'

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

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