Disclosure under SEBI Takeover Regulations

DEMURIC HOLDINGS PRIVATE LIMITED Regd. Off : Shed A 2/1, G. I. D.C., Vapi, Dist. Valsad, Gujarat – 396 195 Admn. Off : C/o Kanta Niwas, C. D. Marg, Madhu Park, 11th Road, Khar (w), Mumbai - 52. Tel No.0260-2414200/ 68568000 Fax Nos. 2604 1010/0303 Email-info@demuric.com Website- www.demuric.com CIN: U46201GJ1986PTC027312 Date: July 22, 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited, Dalal Street, 5th Floor, Exchange Plaza, Mumbai 400001 Bandra Kurla Complex, Bandra East, Mumbai 400051 Subject: Submission of disclosure under Regulation 10(6) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulation, 2011”). Ref: Target Company (TC) – UPL Limited (BSE Scrip Code: 512070) (NSE Symbol: UPL) Dear Sir/Madam, With respect to the captioned subject, please find attached herewith disclosure in terms of Regulation 10(6) of SEBI (SAST) Regulations, 2011 in respect of the acquisition of 18,07,64,622 equity shares of the TC, representing 21.41% of its paid-up equity share capital, by Demuric Holdings Private Limited (“Demuric”), a member of the promoter group of the TC. The acquisition has been effected pursuant to the Scheme of Amalgamation filed under Sections 230 to 232 read with Section 52 and 66 of the Companies Act, 2013 and Rule 3 of the Companies (Compromise, Arrangement and Amalgamations) Rules, 2016, and other applicable provisions of the Companies Act, 2013 wherein the wholly owned subsidiary of Demuric namely Nerka Chemicals Private Limited (“Nerka”) and Gowal Consulting Services Private Limited (“Gowal”) has merged into and with Demuric as on July 21, 2026. Kindly take the same on records. Thanking You. For Demuric Holdings Private Limited Name: Rajnikant Shroff Designation: Director DIN: 00180810 Disclosures under Regulation 10(6) – Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 1. Name of the Target Company (TC) UPL Limited BSE Scrip Code: 512070 NSE Symbol: UPL 2. Name of the acquirer(s) Demuric Holdings Private Limited 3. Name of the stock exchange where BSE Limited shares of the TC are listed National Stock Exchange of India Limited 4. Details of the transaction including 18,07,64,622 equity shares held by Nerka rationale, if any, for the transfer/ Chemicals Private Limited in the TC are acquisition of shares. acquired by Demuric Holdings Private Limited, a member of the promoter group of the TC, pursuant to the Scheme of Amalgamation under which Nerka Chemicals Private Limited and Gowal Consulting Services Private Limited, both wholly owned subsidiaries of Demuric Holdings Private Limited, merged into and with Demuric Holdings Private Limited. The acquisition resulted in the consolidation of shareholding within the same group, without any change in ultimate beneficial ownership or control and the transaction was in the nature of an internal reorganization only. The proposed transfer merely eliminates intermediary entities without altering the existing control framework. The proposed transaction merely converts an indirect holding into a direct holding. 5. Relevant regulation under which the Regulation 10(1)(d)(iii) of the SEBI (SAST) acquirer is exempted from making open Regulations, 2011. offer. 6. Whether disclosure of proposed The proposed acquisition does not require acquisition was required to be made under disclosure to be made under regulation 10 regulation 10 (5) and if so, (5) of SEBI SAST Regulations. - whether disclosure was made and whether it was made within the timeline specified under the regulations. - date of filing with the stock exchange. 7. Details of acquisition Disclosures Whether the required to be disclosures under made under regulation 10(5) regulation 10(5) are actually made a. Name of the transferor / seller Not applicable Not applicable b. Date of acquisition Not applicable Not applicable c. Number of shares/ voting rights in Not applicable Not applicable respect of the acquisitions from each person mentioned in 7(a) above d. Total shares proposed to be acquired / Not applicable Not applicable actually acquired as a % of diluted share capital of TC e. Price at which shares are proposed to Not applicable Not applicable be acquired / actually acquired 8. Shareholding details Pre-Transaction Post-Transaction No. of % No. of % shares w.r.t shares w.r.t held total held total share share capital capital of TC of TC a Each Acquirer / Transferee 52,28,343 0.62% 18,59,92,965 22.03% - Demuric Holdings Private Limited. b Each Seller / Transferor 18,07,64,622 21.41% 0 0% - Nerka Chemicals Private Limited For Demuric Holdings Private Limited Name: Rajnikant Shroff Designation: Director DIN: 00180810 Date: 22/07/2026 Place: Mumbai