UPL Limited Becomes First Company to List GDRs on NSE IX Platform

UPL Limited has achieved a significant milestone by becoming the first issuer to complete the secondary listing of its existing Global Depository Receipts (GDRs) programme on NSE IX. The company announced that its GDRs will be listed and admitted to trading effective from January 30, 2026, marking a historic moment for the NSE IX platform. Secondary Listing Details The secondary listing has been approved under applicable SEBI Regulations, with NSE IX being recognized as a permissible jurisdiction for such listings. NSE IFSC Limited confirmed the listing through its communication dated January 29, 2026, following UPL's application submitted on September 10, 2025. Parameter: Details Trading Symbol: UPL Series: GDR Number of DRs: 2,70,80,276 (as on September 9, 2025) Market Lot: 1 ISIN: US90320U1152 Representation Ratio: 2:1 (each GDR represents two equity shares) Existing Trading Platforms UPL's GDR programme maintains its primary listing on Singapore Stock Exchange Ltd (SGX) and is also admitted to trading on the International Order Book (IOB), which is London Stock Exchange's electronic trading platform for GDRs. The addition of NSE IX as a secondary listing venue provides investors with enhanced trading flexibility and broader market access. Regulatory Framework The listing has been executed in pursuance of multiple regulatory frameworks: Byelaws (1) & (2) of Chapter III of Byelaws of NSE IFSC Ltd. Exchange circular Ref. No. NSEIFSC/REG/572 dated November 4, 2020 International Financial Services Centres Authority (Listing) Regulations, 2024 Compliance Requirements UPL Limited will be required to ensure ongoing compliances in accordance with the depository receipts framework, listing agreement, and International Financial Services Centres Authority (Listing) Regulations, 2024. The company has been advised to use the symbol "UPL" in all future correspondences with the exchange. Market Significance This development represents a significant step for NSE IX in attracting international listings and demonstrates UPL's commitment to providing diverse investment opportunities to global investors. The secondary listing enhances the liquidity potential for UPL's GDRs while maintaining compliance with international regulatory standards. UPL Limited has formally notified stock exchanges about its upcoming board meeting scheduled for February 2, 2026, to review and approve the company's financial performance for the third quarter of fiscal year 2026. The announcement comes in compliance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Board Meeting Details The Board of Directors meeting will focus on considering, approving, and taking on record the unaudited consolidated and standalone financial results for the quarter and nine months period ended December 31, 2025. The results will be accompanied by Limited Review Reports issued by the company's Statutory Auditors. Parameter: Details Meeting Date: February 2, 2026 (Monday) Results Period: Quarter and nine months ended December 31, 2025 Financial Statements: Unaudited consolidated and standalone results Regulatory Compliance: SEBI Listing Regulations 29 Earnings Call Schedule Following the board meeting, UPL will host an earnings call to discuss the company's financial performance and results. The conference call is scheduled to commence at 16:00 hrs IST on February 2, 2026, providing stakeholders with detailed insights into the company's quarterly and nine-month performance. Location: Dial-in Number India: 1 800 120 1221 (Toll free) Singapore: 8001012045 (Toll free) Hong Kong: 800964448 (Toll free) USA: 18667462133 (Toll free) UK: 08081011573 (Toll free) Universal Dial-in: +91 22 6280 1518, +91 22 7115 8879 Trading Window Restrictions In accordance with insider trading regulations, UPL has implemented trading window restrictions for designated persons. The trading window, which closed on December 31, 2025, will remain closed until 48 hours after the financial results are officially disseminated to the stock exchanges. This measure ensures compliance with regulatory requirements and prevents any potential insider trading activities. Accessibility and Resources The company will make the earnings call presentation available on its official website at the financial results section. Additionally, replay facilities will be available from February 2, 2026, to February 9, 2026, allowing stakeholders who cannot attend the live call to access the discussion later. Service: Details Replay Period: February 2-9, 2026 Replay Number: +91 22 71945757 Replay Code: 90590# Contact Person: Anurag Gupta The announcement reflects UPL's commitment to maintaining transparency with its stakeholders and ensuring timely disclosure of financial information as required by regulatory authorities. 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