UPL Limited — Others, 12-05-2025: Monitoring Agency Report

UPL Limited has announced a Monitoring Agency Report from CARE Ratings confirming that the Rs. 3,377.74 Cr rights issue proceeds were used as planned. Approximately Rs. 1,473 Cr went towards prepayment and repayment of borrowings across UPL and its subsidiaries, Rs. 163.58 Cr was allocated for vendor payments and advance tax under corporate purposes, and Rs. 16.65 Cr covered issue-related expenses. The remaining Rs. 15.65 Cr is held in the allotment account earning interest. This reflects disciplined capital management and supports UPL’s debt reduction strategy.