UPL Board Approves Major Reorganisation to Create World's Second-Largest Listed Pure-Play Crop Protection Platform

Limited, a leading global provider of sustainable agricultural solutions, today announced that its Board of Directors has approved a comprehensive group reorganisation plan through a Composite Scheme of Arrangement. The move aims to consolidate the company's India and international crop protection businesses into a new, independent listed entity, positioning it as the world's second-largest listed pure-play crop protection company. The reorganisation, subject to necessary regulatory, shareholder, and court approvals, will result in two distinct listed entities: The existing UPL Limited will continue as a diversified agriculture and specialty chemicals platform, focusing on seeds, BioSolutions, post-harvest treatments, and other non-crop protection segments. A new entity, referred to in announcements as UPL Global Sustainable Agri Solutions Ltd (or similar provisional naming like UPL 2 / UPL Global), will emerge as a dedicated pure-play crop protection platform encompassing both domestic (India) and global operations. Under the proposed structure: UPL Sustainable Agri Solutions Ltd (UPL SAS), the India crop protection subsidiary (where UPL holds ~90.91% stake), will first amalgamate into UPL Limited. This will be followed by a vertical demerger of the India crop protection undertaking into the new entity. Separately, the international crop protection holdings (via UPL Crop Protection Holdings Ltd and related structures) will merge into the new listed entity.