UPL Limited — Others, 31-01-2025: Change in Management

Mr. Rajendra Darak, Vice Chairman of UPL Group, has requested early retirement after over 33 years with the company, effective at the close of business on January 31, 2025. Known for his exceptional leadership in finance, treasury, and strategy, Mr. Darak will pursue personal interests following his departure. UPL has a succession plan overseen by its Nomination and Remuneration Committee to ensure a smooth transition. Investors may view this change as a potential risk to operational stability but also recognize UPL's proactive approach to management succession, which may support ongoing business continuity.