UPL Ltd Subsidiary Acquires Remaining 25% Stake in UPL Agro Limited for USD 17.86 Mn

UPL Ltd, through its step-down subsidiary UPL Limited, Hongkong, has acquired the remaining 25% stake in UPL Agro Limited. UPL Agro Limited, incorporated in November 2019, is engaged in Marketing/Promotion services for Agri Chemical products and manufacturing, distribution and commercialization of crop protection products in China. The acquisition, completed on January 8, 2026, was made for a cash consideration of USD 17.86 Mn. Post-acquisition, 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. No other regulatory approvals were required for this acquisition.