UPL Ltd

Advanta Com'rcio de Sementes Ltda. (Advanta Brazil), a global seed company, part of UPL Group, announces that Serra Bonita Sementes S.A. (Serra Bonita), a Brazilian associate company in which Advanta holds a 33% stake, has entered into an agreement for the sale of all its assets for a total consideration of USD 125 million, subject to closing adjustments. This strategic transaction reflects UPL's continued focus on optimizing its asset portfolio and unlocking value. The sale proceeds will be received by Serra Bonita and are expected to be fully disbursed to its shareholders in the next few months.. Until the completion of this process and the subsequent legal winding-up, Serra Bonita will continue to be considered an associate company of Advanta Brazil. Advanta, a global business within the UPL Group, is dedicated to the research, development, production, and commercialization of high-performance seeds, with a specialized focus on climate-smart crops that address the challenges of global climate variability. The deepened collaboration with the Roquetto Group reinforces Advanta/ UPL's commitment to sustainable innovation and the promotion of regenerative agricultural practices across Brazil. UPL extends its sincere thanks to the management, employees, and shareholders of Serra Bonita for their partnership and contributions over the years, and looks forward to continuing this journey of shared growth with enhanced strategic alignment. Powered by Capital Market - Live

UPL announced that Fitch Ratings vide its publication dated 04 June 2025, has communicated revision in the credit rating outlook of UPL Corporation (UPL Corp), wholly owned subsidiary of UPL. Fitch has revised its Long-Term Issuer Default Rating (IDR) outlook on UPL Corp from 'Negative' to 'Stable'. Fitch affirmed the IDR at 'BB' of UPL Corp. Fitch also affirmed the senior unsecured rating and the ratings of its senior unsecured notes at 'BB'. Powered by Capital Market - Live

Advanta Seeds announced the strategic acquisition of key corn assets from K-Adriatica. The deal includes temperate corn breeding germplasm, a pipeline of corn hybrids, and a diverse corn product portfolio. This move significantly strengthens Advanta Seeds' presence in the European corn market, helping the company increase its offering to European farmers and expand the crop portfolio. The acquired germplasm is specifically adapted to European growing conditions, making it a valuable addition to Advanta Seeds' offering for Europe. K-Adriatica, an Italian company with over 50 years of experience in the European market prides itself on high quality and innovative agricultural products. ''K-Adriatica's germplasm was a compelling asset for us,' said Victor Abertondo, Global R&D Lead at Advanta Seeds. 'It represents over 20 years of targeted breeding for European cropping environment and spans a wide maturity range. This acquisition not only strengthens our European portfolio but also complements our existing temperate corn genetics from Argentina, Australia, and the United States.' Powered by Capital Market - Live

S&P Global Ratings (S&P) vide its publication dated 21 May 2025, has communicated revision in the credit rating outlook of UPL Corporation's (UPL Corp), wholly owned subsidiary of UPL. S&P has revised its rating outlook on UPL Corp from 'Negative' to 'Stable'. S&P affirmed 'BB' long term issuer credit rating of UPL Corp. S&P also affirmed 'BB' issue rating of its senior unsecured notes and 'B+' issue rating of its subordinated perpetual securities. Powered by Capital Market - Live

The Board of UPL at its meeting held on 12 May 2025 has approved the appointment of Sujoy Mazumdar as Group General Counsel (Senior Management Personnel) of the Company effective from 01 June 2025. Powered by Capital Market - Live

The Board of UPL at its meeting held on 12 May 2025 has approved the appointment of Bikash Prasad as Group Chief Financial Officer (Key Managerial Personnel) of the Company effective from 01 June 2025. Anand Vora, will cease to be the Chief Financial Officer of the Company effective from close of business hours of 31 May 2025, on account of attaining superannuation.Powered by Capital Market - Live

UPL announced that the Board of Directors of the Company at its meeting held on 12 May 2025, has recommended a Final Dividend of Rs.6 per share (i.e.300%), subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of UPL rose 2140.00% to Rs 896.00 crore in the quarter ended March 2025 as against Rs 40.00 crore during the previous quarter ended March 2024. Sales rose 10.62% to Rs 15573.00 crore in the quarter ended March 2025 as against Rs 14078.00 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 897.00 crore in the year ended March 2025 as against net loss of Rs 1200.00 crore during the previous year ended March 2024. Sales rose 8.21% to Rs 46637.00 crore in the year ended March 2025 as against Rs 43098.00 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales15573.0014078.00 11 46637.0043098.00 8 OPM %20.3213.13 -15.289.97 - PBDT2357.00929.00 154 3987.00928.00 330 PBT1652.00135.00 1124 1237.00-1835.00 LP NP896.0040.00 2140 897.00-1200.00 LP Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

The brokerage revised its rating on the stock from sell to buy, while increasing its price target from Rs 450 to Rs 700. The positive outlook is fueled by expectations of successful debt reduction by UPL in the fiscal year 2025. As of September 2024, UPL's net debt stood at Rs 27,531 crore. Further, the brokerage believes UPL will meet its current guidance, citing anticipated recovery in global macro demand and the company's focus on operational efficiency as key supporting factors. UPL is principally engaged in the agrobusiness of production and sale of agrochemicals, field crops, and vegetable seeds, and the non-agrobusiness of production and sale of industrial chemicals, chemical intermediates, and specialty chemicals. UPL reported consolidated net profit of Rs 828 crore in Q3 FY25, compared with net loss of Rs 1,217 crore in Q3 FY24. Revenue from operations rose 10% YoY to Rs 10,907 crore in the quarter ended 31 December 2024, driven by a 9% increase in volumes, a 5% increase in price, and a 4% decline due to FX, mainly in Brazil. Powered by Capital Market - Live