Outcome of Rights Issue Committee Meeting

UPL Limited

24 January 2025

 

UPL LIMITED

Sub:  Outcome of the Meeting of Rights Issue Committee of the Board held on
24^th January, 2025

Dear Sir / Madam,

This is with reference to our intimation dated 20^th November, 2024 in relation to the outcome of the meeting of the Rights Issue Committee of the Board ("Rights Issue Committee") held on 20^th November, 2024 approving various terms of the Rights Issue and the Letter of Offer for issue of 9,38,25,955 partly paid-up Equity Shares.

In this regard, we wish to inform you that the Rights Issue Committee of the Board of Directors at its meeting held today i.e 24^th January, 2025, has approved making of the first call on partly paid-up equity shares of 25% of issue price of ₹ 360 per share i.e ₹ 90 per share (comprising ₹ 0.50 towards paid-up value and ₹ 89.50 towards premium) and has fixed Thursday, 30^th January, 2025 as the Record Date for the purpose of ascertaining the holders of partly paid-up equity shares to whom the first call notice would be sent.

The links for the disclosure is mentioned below: -

https://nsearchives.nseindia.com/corporate/UPL_24012025202006_UPLFirstCall.pdf

We request you to take note of the same.

Thanking you,

 

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