UPL Limited has scheduled its 42nd Annual General Meeting (AGM) for Thursday, August 6, 2026, at 01:30 p.m. (IST), to be conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The company has dispatched the Notice of the AGM and the Annual Report for FY2025-26 to members, with electronic copies sent on Wednesday, July 15, 2026. The notice, signed by Company Secretary Sandeep Deshmukh, was filed with BSE Limited and the National Stock Exchange of India.

AGM Key Details

The facility for remote e-voting will be available to members whose names appear in the Register of Members or Beneficial Owners as of the cut-off date, Thursday, July 30, 2026. The remote e-voting period commences at 9:00 a.m. (IST) on Monday, August 3, 2026, and concludes at 5:00 p.m. (IST) on Wednesday, August 5, 2026. Members who have cast their votes remotely may attend the meeting but cannot vote again.

Documents required for the AGM, including standalone and consolidated financial statements for FY2025-26, are available for inspection by members on the company's website at www.upl-ltd.com and on the websites of BSE Limited and National Stock Exchange of India Limited. Members can participate in the AGM through VC/OAVM or view the live webcast at https://www.evoting.nsdl.com .

FY26 Financial Performance

FY26 marked a year of broad-based growth for UPL. Consolidated revenue grew 11% year-on-year to ₹51,839 crore, driven primarily by volume growth across key markets. EBITDA increased 18% to ₹9,588 crore, supported by a 220 basis points expansion in contribution margins to 41.2%. Profit Before Tax rose nearly fourfold to ₹3,157 crore, while operational PATMI improved to more than 2.5 times of the previous year.

Platform-Wise Revenue Performance

Across business platforms, UPL Corp (international crop protection) reached ₹38,277 crore, reflecting 11% YoY growth. Advanta (global seeds and post-harvest) contributed ₹6,837 crore, up 23% YoY, driven by strong field corn demand. UPL SAS (India crop protection) reported flat revenue at ₹3,212 crore, while SUPERFORM (specialty chemicals) posted ₹10,298 crore, up 1% YoY with its Super Specialty Chemicals segment achieving 20% YoY growth.

Balance Sheet Strengthening and Deleveraging

A key highlight of FY26 was aggressive deleveraging. Gross debt declined by $850 million and net debt reduced by over $400 million during the year. The company redeemed the $400 million perpetual bond at its first call date in May 2025, funded entirely through internal cash accruals, and repaid approximately $500 million of additional debt. Net Debt-to-EBITDA improved from 2.1x in FY25 to approximately 1.6x. Free Cash Flow to Equity stood at ₹3,226 crore, and working capital cycle remained efficient at around 57 days.

Strategic Developments

The Board of Directors approved a Composite Scheme of Arrangement on February 20, 2026, involving the amalgamation of UPL Sustainable Agri Solutions Limited into UPL Limited, demerger of the India Crop Protection business into UPL Global Sustainable Agri Solutions Limited, and amalgamation of UPL Crop Protection Holdings Limited into UPL Global. The scheme is subject to requisite statutory and regulatory approvals.

In January 2026, Advanta Enterprises Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed IPO, structured as a pure Offer for Sale of up to 3,61,05,578 equity shares by UPL Limited and existing global investors. Additionally, UPL became the first issuer to complete the secondary listing of its existing Global Depository Receipts programme on NSE IX, effective January 30, 2026.

Sustainability and ESG Highlights

UPL achieved a DJSI ESG score of 77 out of 100 in the 2025 S&P Global Corporate Sustainability Assessment, representing one of the highest scores within the global agrochemical sector, and has been included in the Dow Jones Best-in-Class World Index for three consecutive years. Compared to the FY20 baseline, the company reduced carbon intensity by 39%, water intensity by 55%, and waste intensity by 55%. The company's CSR initiatives positively impacted approximately 1.80 million lives globally.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE628A01036/3a43ca83e2ff4a24.pdf

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.