UPL Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025–26 to the stock exchanges. The filing, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes an independent reasonable assurance statement on the BRSR Core indicators issued by TÜV SÜD South Asia Private Limited.

The report outlines the company's performance across the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). It discloses that the company’s total energy consumption for FY 2025-26 was 1,78,781 Gigajoules (GJ), with renewable sources accounting for 28,021 GJ. The total Scope 1 and Scope 2 greenhouse gas emissions were reported at 4,589 metric tonnes and 12,701 metric tonnes, respectively. The company achieved a water discharge of zero kilolitres for the year, with 100% of its manufacturing sites operating under Zero Liquid Discharge mechanisms.

In terms of workforce data, the company reported a total of 596 permanent employees and 286 permanent workers as of the end of the financial year. The Board of Directors comprises nine members, with three women directors representing 33.33% of the board. The report notes that the company spent 4% of its total revenue on well-being measures for employees and workers during the year. The Lost Time Injury Frequency Rate (LTIFR) was recorded at 0.00 for employees and 0.18 for workers.

The report details the company’s material responsible business conduct issues, identifying climate change mitigation and energy management as key risks, while process innovation and sustainable supply chain were noted as opportunities. UPL reported that 43% of its inputs were sourced sustainably. The company also disclosed that it had received 55 investor grievances during the year, resolving 54, with one pending at the close of the year.

Key Financial and Operational Disclosures

The Business Responsibility and Sustainability Report forms an integral part of the Annual Report of the Company for FY 2025–26. Mr. Raj Tiwari, Whole-Time Director, is identified as the highest authority responsible for the implementation and oversight of the Business Responsibility policies.

The Indian government has issued a permanent ban on the sale of Paraquat Dichloride, a herbicide that has been widely used in the agricultural sector. The order represents a significant regulatory action affecting the pesticide industry in the country.

Impact on UPL

upl is identified in the government order as having a significant portfolio in Paraquat, placing the company among those directly affected by this ban. The permanent nature of the restriction means that the sale of Paraquat Dichloride-based products will no longer be permitted going forward.

Key Highlights of the Government Order

• The government has permanently banned the sale of Paraquat Dichloride
• UPL is noted to hold a significant portfolio in Paraquat products
• The ban is based on a government order, signaling a formal regulatory directive

Regulatory Context

The permanent prohibition on Paraquat Dichloride sale underscores the government's regulatory stance on certain pesticide compounds. As per the government order, UPL's notable presence in the Paraquat segment positions the company as a key stakeholder affected by this policy change. The full scope of the ban's implications for industry participants will be determined by the specifics outlined in the official order.