Buyback of the shares of UPL Limited (Scrip code: 512070)

• Notice No: 20220406-2
• Notice Date: 06 Apr 2022
• Category: Company related
• Segment: Equity

 1.       Trading Members are hereby informed that UPL Limited (Scrip code: 512070) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 875/- (Eight Hundred and Seventy-five Rupees only) per equity share payable in cash for an aggregate amount not exceeding Rs. 1100 crores (Indian Rupees one thousand and hundred Only) and maximum number shares to be bought back will be 1,25,71,428 equity shares

2.       Proposed timetable for buyback:

Date of Opening of the Buyback on BOLT

Thursday, April 07, 2022

Last Date for the Buyback

Earlier of: a)      Thursday, October 06, 2022 (i.e., 6 (six) months from the date of the opening of the Buyback; or b)      when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or c)       at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.

3.       Broker Members for buyback:

The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:

Name of the Member‘s	Clearing No
JM Financial Services Limited	325

4.       Details of Shares held in DEMAT Form.

The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:

Scrip Code No	512070
Market Lot	1 Share
Scrip ID on BOLT System	UPL*

5.       Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.

6.       Institutional Investors are allowed to participate in the buyback.

7.       The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:

• Investor Service Centre:

Link Intime India Private Limited

C-101, 247 Park LBS Marg

Vikhroli (West) Mumbai 400083

Tel No.: [phone]

E-mail: [e-mail]

• Merchant Banker to the Buyback:

JM Financial Limited

7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India Tel.: : [phone]

Contact Person: Prachee Dhuri

Email: [e-mail]

• At the Company:

Mr. Sandeep Deshmukh

UPL House, 610 B/2, Bandra Village, Off Western Express Highway,

Bandra (East), Mumbai - 400051

Email: [e-mail]

Tel: [phone]

·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)

Trading Department -

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)

Help desk - Extn: 61363100 (Hunting) (For BOLT System)

Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)

Bhushan Mokashi

General Manager

Wednesday, April 06, 2022