NSEAcquisition28 Jul 2026 · 28 Jul 2026, 12:24 pm

Acquisition

UPL Limited · UPL

✦ AI SummaryM&A

UPL Limited has acquired Sustainable Tech Inc, a US-based company in the agrochemical industry, for $1 in cash. The acquisition was completed on July 27, 2026, and UPL NA Inc., a step-down subsidiary of UPL Limited, holds 100% shares of Sustainable Tech Inc.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

UPL Limited has informed the Exchange about Acquisition of Sustainable Tech Inc, USA.

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UPL_28072026122407_Acquisition_Intimation.pdf

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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 July 28, 2026 BSE Limited National Stock Exchange of India Ltd Mumbai Mumbai SCRIP CODE: 512070 SYMBOL: UPL Sub: Acquisition of Sustainable Tech Inc, USA Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), it is hereby informed that the Company has received an intimation today i.e. July 28, 2026 at 09.00 A.M, about acquisition of shares in a Company viz. Sustainable Tech Inc, USA by our step-down subsidiary, UPL NA Inc., USA The requisite disclosure as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026, is as under: - SN Particulars Details 1 Name of the target entity, details in brief Name – Sustainable Tech Inc such as size, turnover, history of last 3 years turnover, etc. Turnover – Not applicable Industry – Agro Chemical Industry to which the entity being acquired belongs and brief background Date of Incorporation – July 14, 2026 about the entity acquired in terms of products/line of business acquired and Date of Incorporation. 2 Whether the acquisition would fall within Sustainable Tech Inc would be a step-down related party transaction(s) and whether subsidiary under UPL NA Inc which is a part of the promoter/ promoter group/ group UPL’s international Crop Protection business under companies have any interest in the entity Cayman, in which UPL effectively holds 77.78% being acquired? If yes, nature of interest shareholding. The current acquisition is not a and details thereof and whether the related party transaction. same is done at “arm’s length”. The promoter / promoter group / group companies do not have any direct / indirect interest. 3 Objects and effects of acquisition Sustainable Tech Inc will focus on the Aquatics (including but not limited to, disclosure of business which operates in a distinct sector of reasons for acquisition of target entity, if water treatment and environmental solutions its business is outside the main line of (control of aquatic plants and algae in water business of the listed entity) systems). Registered Office: 3-11, GIDC, Vapi, Valsad - 396 195, Gujarat, India. P +91 260 2432716 CIN: L24219GJ1985PLC025132 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 SN Particulars Details 4 Brief details of any governmental or No regulatory approvals are required for the regulatory approvals required for the investment. acquisition 5 Indicative time period for completion of The acquisition was completed on July 27, 2026. the acquisition 6 Nature of consideration - whether cash The Company is acquired in Cash for US $1. consideration or share swap and details of the same. Cost of acquisition or the price at which the shares are acquired. 7 Percentage of shareholding / control 100% shares are held by UPL NA Inc. acquired and / or number of shares acquired 8 Country in which the acquired entity has USA presence and any other significant information (in brief) 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