UPL , a global leader in sustainable agriculture solutions, has made two significant announcements that are likely to interest investors and market watchers.

Rights Issue Update

UPL has dispatched the Second and Final Call Notice for payment on partly paid-up equity shares issued through a rights issue. The company set August 1 as the record date for this purpose. Shareholders whose names appear in the Register of Members as of the record date will receive detailed instructions, along with the ASBA Application Form and Payment Slip.

The rights issue was initially made pursuant to a Letter of Offer dated November 20. UPL has made the Second and Final Call Notice and related documents available on its website ( https://www.upl-ltd.com/investors/shareholder-center/rights-issue ) and on the website of its Registrar & Transfer Agents ( https://in.mpms.mufg.com/ ).

Q1 Financial Results

Alongside the rights issue update, UPL has also released its unaudited consolidated financial results for the first quarter. Here are the key highlights:

The company's performance shows a marginal increase in total income from operations compared to the same quarter last year. However, UPL has significantly reduced its losses across all metrics, with the net loss attributable to shareholders improving by 77.08% year-over-year.

UPL's total comprehensive income for the period, which includes profit/loss and other comprehensive income, stood at ₹258.00 crores, compared to a loss of ₹965.00 crores in the previous year's Q1.

Standalone Performance

On a standalone basis, UPL reported:

• Revenue from operations: ₹1,660.00 crores (Current Q1) vs ₹802.00 crores (Previous Q1)
• Profit before Tax: ₹132.00 crores (Current Q1) vs Loss of ₹14.00 crores (Previous Q1)
• Profit after Tax: ₹122.00 crores (Current Q1) vs Loss of ₹14.00 crores (Previous Q1)

The standalone results demonstrate a significant improvement in the company's domestic operations, with a substantial increase in revenue and a shift from loss to profit.

These financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on August 1.

Investors and stakeholders can find the detailed financial results on the company's website ( www.upl-ltd.com ) and the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ).

As UPL continues to navigate the challenges in the global agriculture sector, these developments - both in terms of capital raising through the rights issue and the improved financial performance - will be closely watched by the market in the coming months.

UPL Limited , a global provider of sustainable agricultural products and solutions, has reported robust financial results for the first quarter of fiscal year 2026, demonstrating resilience in challenging market conditions.

Key Financial Highlights

• Revenue increased by 2% year-over-year to ₹9,216.00 crore
• EBITDA grew by 14% to ₹1,303.00 crore, with margin expanding to 14.1%
• Contribution margin improved significantly by 390 basis points to 43.4%
• Net debt reduced by ₹6,129.00 crore compared to June 2024

Platform Performance

UPL's performance across its various platforms showed mixed results:

Regional Performance

• India: Robust growth of 21%, supported by strong performance in seeds and crop protection segments
• North America and Europe: Both regions reported 8% growth
• Latin America and Rest of World: Faced challenges, with revenues declining by 10% in each region

Management Commentary

Jai Shroff, Chairman & Group CEO of UPL Ltd., stated, "We are pleased to report a strong start to FY26, reflecting the strength of our portfolio. All the platforms have been able to improve margins and cash generation. The remarkable resilience demonstrated by all our platforms reaffirms that UPL is on the path of sustainable value creation."

Bikash Prasad, Group CFO, added, "We are pleased to report a robust financial performance in Q1FY26, underpinned by improved operational efficiency, focus on bottom line and prudent financial management. Effective capital management, reduction in net debt and improved gearing ratios reflect our continued focus on balance sheet strength and long-term sustainable value creation."

Outlook and Strategic Initiatives

UPL's management expressed confidence in the company's future prospects, maintaining its FY26 guidance of 4-8% revenue growth and 10-14% EBITDA growth compared to FY25. The company is also exploring opportunities to create value for shareholders through potential restructuring, strategic investments, and liquidity events.

Conclusion

Despite facing challenges in certain markets, UPL's diversified portfolio and focus on operational efficiency have enabled the company to deliver a strong performance in Q1 FY26. With improved financial metrics and strategic initiatives underway, UPL appears well-positioned for sustainable growth in the coming quarters.