UPL Limited

UPL Ltd announced that its step-down subsidiary, Advanta Seed International, has acquired shares in Advanta Investment Limited, a newly incorporated company in the Cayman Islands focused on technology and IP investments related to the seeds business. The acquisition was completed on May 28, 2026, with Advanta Seed International acquiring 100% of the shares for US$1 in cash. Advanta Investment Limited will operate as a step-down subsidiary under Advanta Enterprises Limited, in which UPL currently holds a 78.21% shareholding.

UPL Ltd has submitted a Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of proceeds from the company's Rights Issue. The report confirms that there were no deviations in the use of funds. The Rights Issue amounted to ₹3,377.74 crore. The report is in compliance with SEBI regulations and is available on the company's website.

UPL Ltd has re-appointed Ms. Naina Lal Kidwai as a Non-Executive, Independent Director for a second term of five years, effective from October 1, 2026, to September 30, 2031, subject to shareholder approval. Ms. Kidwai's profile includes her role as Chairperson and Senior Advisor of Rothschild & Co India, Senior Advisor of Advent International Private Equity and TPG Rise, and Independent Director on the boards of Holcim SA, Biocon, Gland Pharma, and UPL. She is not related to any Director on the Board of the Company and is not debarred from holding the office of director.

UPL Ltd. reported record FY26 financial results, with PBT approximately four times and operational PATMI more than 2.5 times higher compared to the previous year. The company outperformed its guidance across all metrics, driven by volume growth and favorable FX. FY26 revenue reached ₹51,839 cr, up 11% YoY, and EBITDA was ₹9,588 cr, up 18% YoY. Gross debt was reduced by $850 million. Q4 FY26 revenue stood at ₹18,335 cr, an 18% increase YoY, with EBITDA at ₹3,646 cr, up 13% YoY.

UPL Ltd's Board of Directors approved the audited consolidated and standalone financial results for the year ended March 31, 2026, following a review by the Audit Committee. The results, along with unmodified audit reports from BSR & Co. LLP, are enclosed. The Board recommended a dividend of 300%, or ₹6 per equity share of ₹2 each, subject to member approval at the upcoming AGM. The dividend will be paid within 30 days of the AGM. The board meeting was held on May 11, 2026, from 11:15 a.m. to 01:10 p.m.

UPL Ltd's Board of Directors approved the audited consolidated and standalone financial results for the year ended March 31, 2026. The board recommended a dividend of 300%, which is ₹6 per equity share on shares of ₹2 each, subject to member approval at the AGM. The dividend will be paid within 30 days of the AGM. The meeting, which reviewed the results approved by the Audit Committee, commenced at 11:15 a.m. and concluded at 01:10 p.m. Auditors BSR & Co. LLP issued an unmodified audit report.

UPL Ltd's Board of Directors approved the audited consolidated and standalone financial results for the year ended March 31, 2026. The board recommended a dividend of 300%, which is ₹6 per equity share on shares of ₹2 each, subject to member approval at the AGM. The dividend will be paid within 30 days of the AGM. The board meeting was held on May 11, 2026, from 11:15 a.m. to 01:10 p.m. BSR & Co. LLP issued an unmodified audit report on the financial results.

UPL Ltd has scheduled a Board of Directors meeting on May 11, 2026, to consider and approve the audited consolidated and standalone financial results for the year ended March 31, 2026. The board will also consider recommending a dividend, if any. Additionally, UPL will host its 'Capital Markets Day FY26' on the same day in Mumbai, with a live webcast available. The trading window remains closed from March 31, 2026, until 48 hours after the results are disseminated.

UPL Ltd, through its step-down subsidiary UPL Brazil, will further invest in Sinova Inovacoes Agricolas S.A., an associate entity. The investment, amounting to approximately USD 86.7 million (BRL 450 million), aims to address Sinova's working capital requirements and reduce its debt. Post-investment, UPL Brazil's holding in Sinova will increase from 49.97% to 55.81%. Sinova, a major reseller of grains and agricultural products in Brazil's Cerrado region, plays a crucial role in promoting and reselling UPL products. The transaction is expected to be completed on or before May 15, 2026, and does not require any further regulatory approvals.

Mr. Farokh Hilloo, the Chief Commercial Officer of UPL Ltd's Crop Protection business, has superannuated from the company's services on March 31, 2026, after an extraordinary career spanning over thirty-five years. Mr. Hilloo has been instrumental in the company's commercial success, expanding its footprint across various geographies and driving value for customers and the UPL Group. His contributions include overseeing multiple acquisitions. Post-retirement, Mr. Hilloo will continue to be associated with UPL as a strategic advisor.