UPL Limited — Major Shareholding Notification 2021

Dec 3, 2021

Villa.SH.M64, The Palm Jumeira, P O Box 33421, Dubai, UAE

VIKRAM SHROFF

To,

The Department of Corporate Services, The Listing Department BSE Ltd The National Stock Exchange of India Ltd. Phiroz Jejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip: 512070 Symbol : UPL

Sir,

Subject: Filing Information with Stock Exchanges in requisite format for Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

TARGET Company: UPL LIMITED

This is to inform you that I have bought 2,18,520 Global Depository Receipts equivalent to 4,37,040 equity shares of UPL Limited on 01-12-2021 representing 0.06% of the total share capital of the Company. After this acquisition, my individual shareholding is 71,91,364 equity shares representing 0.94% of the total share capital (calculations as per SCRR, 1957) of the Company.

As a Promoter and Director of the Company, I hereby make this disclosure in a given format pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Thanking you,

Yours faithfully,

VIKRAM Digitally signed by VIKRAM RAJNIKANT RAJNIKANT SHROFF Date: 2021.12.03 SHROFF 16:11:52 +05'30'

Vikram Rajnikant Shroff Director (DIN – 00191472) Date: 03.12.2021

Villa.SH.M64, The Palm Jumeira, P O Box 33421, Dubai, UAE

VIKRAM SHROFF

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	1. Name of the Target Company (TC)		UPL Ltd.	UPL Ltd.	UPL Ltd.
2. Name(s) of the acquirer and Persons		Acting in	Vikram Rajnikant Shroff
Concert(PAC)with the acquirer
3. Whether the acquirer belongs to			Yes
Promoter/Promoter group			(Mr. Vikram R. Shroff is a Citizen of UK)
4. Name(s) of the Stock Exchange(s)		where the	Equity Shares listed on:
shares of TC are Listed			BSE Limited
			National Stock Exchange of India Limited
			GDRs listed on:
			Singapore Stock Exchange
5. Details of the acquisition /		~~disposal~~	Number	% w.r.t. total	% w.r.t. total
as follows				share/voting	diluted
				capital	share/voting
				wherever	capital of the
				applicable (*)	TC(**)
Before the acquisition under consideration,
holding of:
a) Shares carrying voting rights			67,54,324	0.88%	0.88%
b) Shares in the nature of encumbrance			NA	NA	NA
(pledge/lien/non-disposal
undertaking/others)
c) Voting rights (VR) otherwise than by			NA	NA	NA
shares
d) Warrants/convertible securities/any other			NA	NA	NA
instrument that entitles the acquirer to
receive shares carrying voting rights in the
T C (specify holding in each category)
e)Total(a+b+c+d)			67,54,324	0.88%	0.88%
Details of acquisition	~~/sale~~
a) Shares carrying voting rights			NA	NA	NA
acquired~~/sold~~
b) VRs acquired /sold otherwise than by			NA	NA	NA
shares
c) Warrants/convertible securities/any other			2,18,520***	0.06%	0.06%
instrument that entitles the acquirer to
receive shares carrying voting rights in the
TC (specify holding in each category)
acquired/sold
d) Shares encumbered/invoked/released by			NA	NA	NA
the acquirer
e) Total (a+b+c+d)			2,18,520	0.06%	0.06%

Villa.SH.M64, The Palm Jumeira, P O Box 33421, Dubai, UAE

VIKRAM SHROFF

After the acquisition~~/sale~~, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. e) Total (a+b+c+d)	After the acquisition~~/sale~~, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. e) Total (a+b+c+d)	After the acquisition~~/sale~~, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. e) Total (a+b+c+d)	~~/sale~~, holding of:	~~/sale~~, holding of:	~~/sale~~, holding of:	~~/sale~~, holding of:
	a) Shares carrying voting rights						67,54,324	0.88%	0.88%
	b) Shares encumbered with the acquirer						NA	NA	NA
	c) VRs otherwise than by shares						NA	NA	NA
	d) Warrants/convertible securities/any other
	instrument that entitles the acquirer to						4,37,040***	0.06%	0.06%
	receive shares carrying voting rights in
	the TC (specify holding in each category)
	after acquisition.
	e) Total (a+b+c+d)						71,91,364	0.94%	0.94%
6.	Mode of acquisition /			~~sale~~(e.g. open market /
	off-market / public issue / rights issue /						Off Market
	preferential allotment / inter-se transfer etc).
7.	Date of	acquisition /		~~sale~~of shares /		~~VR or~~	01-12-2021
	~~date of~~	~~receipt of intimation of allotment of~~
	~~shares,~~whichever is applicable
8.	Equity share capital /total voting capital of						Rs.152,80,90,912/-
	the TC before the said acquisition /~~sale~~
9.	Equity share capital/total voting capital of the						Rs.152,80,90,912/-
	TC after the said acquisition/~~sale~~
10.	Total diluted share/voting capital of the TC						Rs.152,80,90,912/-
	after the said acquisition				~~/sale.~~

(*) Total share capital/voting capital to be taken as per the latest filing done by the company to the Stock Exchange under SEBI LODR.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

* Note:

Acquisition 2,18,520 Global Depository Receipts (GDRs) of UPL Limited listed at Singapore Stock Exchange is represented by 4,37,040 Equity shares of the Company (1 GDR represents 2 Equity shares of the Company).

Yours faithfully,

VIKRAM Digitally signed by VIKRAM RAJNIKANT RAJNIKANT SHROFF Date: 2021.12.03 SHROFF 16:12:16 +05'30' Vikram Rajnikant Shroff Director (DIN – 00191472) Date: 03.12.2021