UPL Limited — Capital/Financing Update 2023

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28[th] December, 2023

BSE Limited Mumbai

SCRIP CODE: 512070

National Stock Exchange of India Ltd Mumbai

SYMBOL: UPL

Sub: Incorporation of a step-down subsidiary in Saudi Arabia

Dear Sir / Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), it is hereby informed that the Company has received an intimation on 28[th] December 2023, about issuance of certificate of incorporation with regards to new step-down subsidiary viz. UPL Arabia for Chemical Manufacturing effective 21[st] December 2023.

The details as required under SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPod1/P/CIR//2023/123 dated 13[th] July, 2023 are as under: -

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----- Start of picture text ----- SN Particulars Details1 Name of the target entity, details in brief Name – UPL Arabia for Chemical Manufacturingsuch as size, turnover, history of last 3 (Limited Liability Company)years turnover, etc.Turnover – Not applicable (Newly incorporatedcompany).Industry to which the entity beingacquired belongs and brief background Industry – Manufacturing of Chemical Materials.about the entity acquired in terms ofproducts/line of business acquired and Date of Incorporation – 21 [st] December 2023.Date of Incorporation.2 Whether the acquisition would fall within UPL Arabia for Chemical Manufacturing would berelated party transaction(s) and whether a wholly owned subsidiary of UPL Corporationthe promoter/ promoter group/ group Limited (Mauritius) in which the Company holdscompanies have any interest in the entity 100% shareholding. It becomes a related partybeing acquired? If yes, nature of interest upon incorporation.and details thereof and whether thesame is done at “arm’s length”. The promoter / promoter group / group companiesdo not have any direct / indirect interest.3 Objects and effects of acquisition The Company is incorporated to carry out the(including but not limited to, disclosure of manufacturing of chemical materials.reasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity)4 Brief details of any governmental or Not applicableregulatory approvals required for theacquisition5 Indicative time period for completion of Not Applicable.the acquisition6 Nature of consideration - whether cash UPL Corporation Limited (Mauritius) expects toconsideration or share swap and details----- End of picture text -----

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Thanking you,

Yours faithfully, For UPL Limited

SANDEEP Digitally signed by SANDEEP MOHAN MOHAN DESHMUKH Date: 2023.12.28 DESHMUKH 18:03:13 +05'30'

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

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