UPL Limited - Proposed Issue Of USD Denominated Perpetual Subordinated Capital Securities By UPL Corporation Limited, Mauritius <BR>

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that UPL Corporation Limited, Mauritius, ('UPL Corp') subsidiary of the Company, subject to market conditions, is considering issue of USD denominated Perpetual Subordinated Capital Securities.<BR> <BR> The proceeds of the issue will be used for repaying UPL Corp's existing indebtedness. <BR> <BR> Further information as required under SEBI LODR Regulations, will be shared in due course.<BR>