UPL LIMITED
Sub: Allotment of Rights Equity Shares, kept in abeyance
We refer to our disclosure dated 20th December 2024, wherein the Company had allotted 9,37,92,629 Rights Equity Shares against issuance of 9,38,25,955 Rights Equity Shares to eligible equity shareholders. Further, 33,326 Rights Equity Shares were kept in abeyance pending regulatory/other clearances.
In this regard, we wish to inform you that Rights Issue Committee of the Board of Directors of the Company vide its resolution passed on 17th January 2025 has approved the allotment of 33,326 Rights Equity Shares of ₹ 360 per equity share (including a premium of ₹ 358 per equity share) of which ₹ 90 per equity share (i.e. ₹ 0.50 has been paid-up as share application money and ₹ 89.50 as a premium per equity share) has been paid on application ("Allotment") and the balance amount shall be payable on one or more additional calls with terms and conditions such as the number of calls and the timing and quantum of each call as may be decided by the Board / Rights Issue Committee from time to time. The allotment has been made to eligible applicants in compliance with order passed by the Hon'ble Special Court constituted under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992.
Links:
https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e91f864-e571-4b52-b899-bf9d4268eaa0.pdf
We request you to take note of the same.
Thanking you,
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
