UPL Limited — Others, 31-12-2024: Copy of Newspaper Publication

UPL Limited has announced a board meeting concerning the transfer of unclaimed preference dividend and redemption amounts to the Investor Education and Protection Fund (IEPF). Shareholders holding Optionally Convertible Preference shares are urged to claim their outstanding payments by March 1, 2025, to avoid automatic transfer to IEPF, as their dividends have remained unclaimed for seven consecutive years since the 2017-18 period.

This measure is important for maintaining shareholder engagement and ensuring that unclaimed funds do not permanently leave the shareholders’ control. Investors may view this as a step towards clarifying and improving accountability regarding unclaimed dividends, enhancing their confidence in the management of UPL's shareholder funds.