UPL Limited — Important, 12-03-2025: Updates

UPL Limited has provided an update regarding the first call for partly paid-up equity shares, as decided by its Rights Issue Committee. The first call involves a payment of ₹ 90 per share, which consists of ₹ 0.50 towards the paid-up value and ₹ 89.50 towards the premium. This call follows an earlier collection of ₹ 90 per share during the initial application process for 9,38,25,955 partly paid-up shares.

During the first call period from 17th February to 3rd March 2025, the company received the first call money for 9,15,49,027 shares, totaling ₹ 823.94 crore. These funds will be credited to the shares under ISIN: IN9628A01026, pending necessary approvals. The overall paid-up value of the shares has now increased to Re. 1 per share from the previous Re. 0.50. This successful call indicates strong investor interest and could bolster UPL's financial positioning, illustrating a positive outlook for future funding initiatives.