Credit Rating- Revision

UPL Limited, Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar (West), Mumbai – 400052, India w: www.upl-ltd.com e: contact@upl-ltd.com t: +91 22 6856 8000 September 02, 2026 BSE Limited National Stock Exchange of India Ltd Mumbai Mumbai SCRIP CODE: 512070 SYMBOL: UPL Sub.: Intimation of revision in credit rating outlook by CRISIL Ratings Limited Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that CRISIL Ratings Limited (“CRISIL”), vide its communication dated September 02, 2026, has revised the outlook on UPL Limited’s long-term bank facilities from ‘Negative’ to ‘Stable’ and reaffirmed the rating at ‘CRISIL AA+’. CRISIL has also reaffirmed its ‘CRISIL A1+’ rating on the Company’s short-term bank facilities and commercial paper programme. The detailed rationale can be accessed at the link below: https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/UPLLimited_September% 2002_%202026_RR_390892.html We request you to kindly take the above on record. Thanking you, Yours faithfully, For UPL Limited Sandeep Deshmukh Company Secretary and Compliance Officer (ACS-10946) Registered Office: 3-11, GIDC, Vapi, Valsad - 396 195, Gujarat, India. P +91 260 2432716 CIN: L24219GJ1985PLC025132