UPL Limited — Capital/Financing Update 2026

Jan 8, 2026

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UPL Limited , Uniphos House, C.D. Marg, 11[th] Road, Madhu Park, Khar (West), Mumbai – 400052, India

w: www.upl-ltd.com e: contact@upl-ltd.com t: +91 22 6856 8000

January 8, 2026

BSE Limited Mumbai

National Stock Exchange of India Ltd Mumbai

SCRIP CODE: 512070

SYMBOL: UPL

Sub: Acquisition of balance 25% stake in UPL Agro Limited by UPL Limited, Hongkong

Dear Sir(s)/Madam(s),

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), read with Para A of Part A of Schedule III of SEBI Listing Regulations, it is hereby informed that the Company has received an intimation today i.e. January 8, 2026, from UPL Limited, Hongkong, a step-down subsidiary of the Company, about acquisition of balance 25% stake in UPL Agro Limited.

The requisite disclosure as required under SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 read with SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024 are as under: -

SN	Particulars		Details
1	Name of the target entity, details in briefsuch as size, turnover, history of last 3years turnover, etc.Industry to which the entity beingacquired belongs and brief backgroundabout the entity acquired in terms ofproducts/line of business acquired andDate of Incorporation.		Name: UPL Agro Limited.Consolidated Revenue of UPL Agro Limited:(USD Mn)March 2025March 2024March 202391.5573.1874.26Industry: UPL Agro Limited through Yoloo (Laoting)Biotechnology Limited, a wholly owned subsidiaryis engaged in Marketing/Promotion services forAgriChemicalproductsandmanufacturing,distributionandcommercializationofcropprotection products in China.Date of Incorporation: November 18, 2019.
2	Whether the acquisition would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeingacquired? Ifyes, nature of interest		Transaction is not a related party transaction.The promoter / promoter group / group companiesdo not have any direct / indirect interest.

Registered Office: 3-11, GIDC, Vapi, Valsad - 396 195, Gujarat, India. P +91 260 2432716 CIN: L24219GJ1985PLC025132

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UPL Limited , Uniphos House, C.D. Marg, 11[th] Road, Madhu Park, Khar (West), Mumbai – 400052, India

w: www.upl-ltd.com e: contact@upl-ltd.com t: +91 22 6856 8000

SN	Particulars	Details
	and details thereof and whether thesame is done at “arm’s length”.
3	Objects and effects of acquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity)	Post Acquisition of 25% stake, UPL Agro Limitedbecomes a wholly owned subsidiary of UPLLimited, Hongkong resulting in 100% ownership ofYoloo (Laoting) Biotechnology Limited through UPLAgro Limited.
4	Brief details of any governmental orregulatory approvals required for theacquisition	No other regulatory approvals are required for theacquisition.
5	Indicative time period for completion ofthe acquisition	Completed on January 8, 2026.
6	Nature of consideration - whether cashconsideration or share swap and detailsof the same. Cost of acquisition or theprice at which the shares are acquired.	Cash consideration of USD 17.86 Mn.
7	Percentage of shareholding / controlacquired and / or number of sharesacquired	25%
8	Country in which the acquired entity haspresence and any other significantinformation(in brief)	Hongkong.

Thanking you,

Yours faithfully, For UPL Limited Sandeep Digitally signed by Sandeep Mohan Mohan Deshmukh Date: 2026.01.08 Deshmukh 21:16:52 +05'30'

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

Registered Office: 3-11, GIDC, Vapi, Valsad - 396 195, Gujarat, India. P +91 260 2432716 CIN: L24219GJ1985PLC025132