UPL Limited has made available comprehensive documentation related to its Composite Scheme of Arrangement on the company website, providing stakeholders with detailed information about the proposed corporate restructuring. The company communicated this development to stock exchanges on March 4, 2026.

Scheme Details and Entities Involved

The Composite Scheme of Arrangement involves multiple entities within the UPL group structure. The scheme encompasses UPL Limited, UPL Sustainable Agri Solutions Limited, UPL Global Sustainable Agri Solutions Limited and UPL Crop Protection Holdings Limited, including their respective shareholders.

Documentation Made Available

The company has uploaded several key documents to facilitate stakeholder understanding of the proposed scheme. These documents are accessible through a dedicated section on the company website.

The uploaded materials include:

• Complete Scheme of Arrangement document
• Joint Valuation Report
• Fairness Opinion
• Frequently Asked Questions (FAQs) for ease of understanding

Regulatory Compliance and Next Steps

The scheme operates under the regulatory framework of the Companies Act, 2013, specifically under Sections 230 to 232, 234 and other applicable provisions. While the Board of Directors has approved the scheme, it remains subject to various other approvals and compliances as required by law.

The company has made these documents available at the dedicated web link: https://www.upl-ltd.com/investors/shareholder-center/scheme-of-arrangement , ensuring transparent access to all relevant information for shareholders and other stakeholders.

Corporate Communication

The formal communication was signed by Sandeep Deshmukh, Company Secretary and Compliance Officer (ACS-10946), and submitted to both BSE Limited and National Stock Exchange of India Limited. The company trades under scrip code 512070 on BSE and symbol UPL on NSE.

UPL Limited has announced the forfeiture and cancellation of 2,64,278 partly paid-up equity shares due to non-payment of call money by shareholders. The Rights Issue Committee approved this action following the company's earlier warning to shareholders regarding potential forfeiture.

Forfeiture Details

The company disclosed the following details regarding the share forfeiture:

Background and Process

The forfeiture follows a structured process initiated by the company in November 2025. On November 27, 2025, UPL had informed the stock exchanges that the Rights Issue Committee had approved the issuance of Final Reminder Cum Forfeiture Notices to holders of partly paid-up equity shares.

These notices were sent to shareholders who had not paid the required call money, which included:

• First Call amounts
• Second and Final Call amounts
• Both call amounts in some cases

The notices clearly warned shareholders that failure to pay the outstanding call money along with applicable interest would result in forfeiture of their partly paid-up equity shares, including the amounts already paid on these shares.

Regulatory Compliance

UPL made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited (Scrip Code: 512070) and National Stock Exchange of India Limited (Symbol: UPL) about this corporate action.

The forfeiture and cancellation of these partly paid-up equity shares represents the completion of the process that began with the reminder notices issued in November 2025, demonstrating the company's adherence to regulatory procedures for handling unpaid call money situations.