Allotment of Rights Equity Shares,kept in abeyance

UPL Limited

17 January 2025

 

UPL LIMITED

Sub: Allotment of Rights Equity Shares, kept in abeyance

We refer to our disclosure dated 20^th December 2024, wherein the Company had allotted 9,37,92,629 Rights Equity Shares against issuance of 9,38,25,955 Rights Equity Shares to eligible equity shareholders. Further, 33,326 Rights Equity Shares were kept in abeyance pending regulatory/other clearances.

In this regard, we wish to inform you that Rights Issue Committee of the Board of Directors of the Company vide its resolution passed on 17^th January 2025 has approved the allotment of 33,326 Rights Equity Shares of ₹ 360 per equity share (including a premium of ₹ 358 per equity share) of which ₹ 90 per equity share (i.e. ₹ 0.50 has been paid-up as share application money and ₹ 89.50 as a premium per equity share) has been paid on application ("Allotment") and the balance amount shall be payable on one or more additional calls with terms and conditions such as the number of calls and the timing and quantum of each call as may be decided by the Board / Rights Issue Committee from time to time. The allotment has been made to eligible applicants in compliance with order passed by the Hon'ble Special Court constituted under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992.

Links:

https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e91f864-e571-4b52-b899-bf9d4268eaa0.pdf

We request you to take note of the same.

Thanking you,

 

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