UPL Limited has achieved a significant milestone by becoming the first issuer to complete the secondary listing of its existing Global Depository Receipts (GDRs) programme on NSE IX. The company announced that its GDRs will be listed and admitted to trading effective from January 30, 2026, marking a historic moment for the NSE IX platform.

Secondary Listing Details

The secondary listing has been approved under applicable SEBI Regulations, with NSE IX being recognized as a permissible jurisdiction for such listings. NSE IFSC Limited confirmed the listing through its communication dated January 29, 2026, following UPL's application submitted on September 10, 2025.

Existing Trading Platforms

UPL's GDR programme maintains its primary listing on Singapore Stock Exchange Ltd (SGX) and is also admitted to trading on the International Order Book (IOB), which is London Stock Exchange's electronic trading platform for GDRs. The addition of NSE IX as a secondary listing venue provides investors with enhanced trading flexibility and broader market access.

Regulatory Framework

The listing has been executed in pursuance of multiple regulatory frameworks:

• Byelaws (1) & (2) of Chapter III of Byelaws of NSE IFSC Ltd.
• Exchange circular Ref. No. NSEIFSC/REG/572 dated November 4, 2020
• International Financial Services Centres Authority (Listing) Regulations, 2024

Compliance Requirements

UPL Limited will be required to ensure ongoing compliances in accordance with the depository receipts framework, listing agreement, and International Financial Services Centres Authority (Listing) Regulations, 2024. The company has been advised to use the symbol "UPL" in all future correspondences with the exchange.

Market Significance

This development represents a significant step for NSE IX in attracting international listings and demonstrates UPL's commitment to providing diverse investment opportunities to global investors. The secondary listing enhances the liquidity potential for UPL's GDRs while maintaining compliance with international regulatory standards.

UPL Limited has formally notified stock exchanges about its upcoming board meeting scheduled for February 2, 2026, to review and approve the company's financial performance for the third quarter of fiscal year 2026. The announcement comes in compliance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The Board of Directors meeting will focus on considering, approving, and taking on record the unaudited consolidated and standalone financial results for the quarter and nine months period ended December 31, 2025. The results will be accompanied by Limited Review Reports issued by the company's Statutory Auditors.

Earnings Call Schedule

Following the board meeting, UPL will host an earnings call to discuss the company's financial performance and results. The conference call is scheduled to commence at 16:00 hrs IST on February 2, 2026, providing stakeholders with detailed insights into the company's quarterly and nine-month performance.

Trading Window Restrictions

In accordance with insider trading regulations, UPL has implemented trading window restrictions for designated persons. The trading window, which closed on December 31, 2025, will remain closed until 48 hours after the financial results are officially disseminated to the stock exchanges. This measure ensures compliance with regulatory requirements and prevents any potential insider trading activities.

Accessibility and Resources

The company will make the earnings call presentation available on its official website at the financial results section. Additionally, replay facilities will be available from February 2, 2026, to February 9, 2026, allowing stakeholders who cannot attend the live call to access the discussion later.

The announcement reflects UPL's commitment to maintaining transparency with its stakeholders and ensuring timely disclosure of financial information as required by regulatory authorities.