UPL Limited — Important, 01-12-2024: General Updates

The Specialty Chemical business of UPL Limited has been successfully transferred to its wholly-owned subsidiary, Superform Chemistries Limited, in line with shareholder approval received at the EGM held on July 20, 2023. This transfer was executed as a going concern via a slump sale, positioning Superform for enhanced operational efficiency and growth potential in the specialty chemicals market. The completion of this process marks a strategic move for UPL to focus on core operations, potentially unlocking new avenues for growth and innovation within its remaining business segments. Investors should monitor the impact of this transition on UPL's overall performance and market strategy.