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 brief such as size, turnover, history of last 3 years turnover, etc. Industry to which the entity being acquired belongs and brief background about the entity acquired in terms of products/line of business acquired and Date of Incorporation.		Name: UPL Agro Limited. Consolidated Revenue of UPL Agro Limited: (USD Mn) March 2025 March 2024 March 2023 91.55 73.18 74.26 Industry: UPL Agro Limited through Yoloo (Laoting) Biotechnology Limited, a wholly owned subsidiary is engaged in Marketing/Promotion services for Agri Chemical products and manufacturing, distribution and commercialization of crop protection products in China. Date of Incorporation: November 18, 2019.
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity beingacquired? Ifyes, nature of interest		Transaction is not a related party transaction. The promoter / promoter group / group companies do 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 the same is done at “arm’s length”.
3	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	Post Acquisition of 25% stake, UPL Agro Limited becomes a wholly owned subsidiary of UPL Limited, Hongkong resulting in 100% ownership of Yoloo (Laoting) Biotechnology Limited through UPL Agro Limited.
4	Brief details of any governmental or regulatory approvals required for the acquisition	No other regulatory approvals are required for the acquisition.
5	Indicative time period for completion of the acquisition	Completed on January 8, 2026.
6	Nature of consideration - whether cash consideration or share swap and details of the same. Cost of acquisition or the price at which the shares are acquired.	Cash consideration of USD 17.86 Mn.
7	Percentage of shareholding / control acquired and / or number of shares acquired	25%
8	Country in which the acquired entity has presence and any other significant information(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