UPL will hold a meeting of the Board of Directors of the Company on 20 November 2024Powered by Capital Market - Live News

Net Loss of UPL reported to Rs 443.00 crore in the quarter ended September 2024 as against net loss of Rs 189.00 crore during the previous quarter ended September 2023. Sales rose 9.05% to Rs 11090.00 crore in the quarter ended September 2024 as against Rs 10170.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11090.0010170.00 9 OPM %10.9711.02 - PBDT258.00355.00 -27 PBT-439.00-302.00 -45 NP-443.00-189.00 -134 Powered by Capital Market - Live News

UPL will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live News

The Board of UPL at its meeting held on 04 September 2024 has granted its in-principle approval for exploring various options available for unlocking value in Advanta Enterprises (Advanta) by raising funds through primary or secondary issuances of securities, by way of private placements or public offerings or any other permissible mode(s) or combination thereof.The shareholders of UPL had approved creation of distinct pure play platforms in FY 23 and in line with the said approval, a separate platform was created by transferring Seeds business to Advanta, subsidiary of the Company. One of the main objectives of creating a separate Advanta platform was to facilitate unlocking value for the shareholders of UPL at an appropriate time. Powered by Capital Market - Live News

UPL announced that UPL Global (UGL), a step-down subsidiary of UPL Corporation (subsidiary of the company) has completed the acquisition of balance 20% stake in PT Excel Meg Indo, Indonesia (PT Excel). PT Excel is engaged in the business of buying, importing and distributing of agrochemicals, seeds, fumingants and fertilizers in Indonesia. PT Excel is a subsidiary of UGL.Post completion of the acquisition, UGL will hold 99.9998% stake in PT Excel, while another subsidiary viz UPL Europe will hold 0.0002%. Powered by Capital Market - Live News