Acquisition Details
- Target Entity: Sustainable Tech Inc
- Industry: Agro Chemical, specifically focusing on the Aquatics business for water treatment and environmental solutions (control of aquatic plants and algae in water systems)
- Date of Incorporation: July 14, 2026
- Turnover: Not applicable (as the company was recently incorporated)
- Acquisition Completion Date: July 27, 2026
- Consideration: Cash payment of US$1
- Shareholding Acquired: 100% shares held by UPL NA Inc.
- Country of Operation: USA
Corporate Structure and Related Party Status
Sustainable Tech Inc becomes a step-down subsidiary under UPL NA Inc, which is part of UPL's international Crop Protection business under Cayman. UPL effectively holds 77.78% shareholding in UPL NA Inc. The acquisition does not constitute a related party transaction. The promoter/promoter group/group companies do not have any direct or indirect interest in Sustainable Tech Inc.
Regulatory Approvals and Timing
No governmental or regulatory approvals were required for this investment. The acquisition was completed on July 27, 2026, one day prior to the disclosure date.
Business Rationale
The acquisition enables UPL to enter the Aquatics business, which operates in the distinct sector of water treatment and environmental solutions, separate from the company's main crop protection business line.
Disclosure Compliance
The disclosure is made in accordance with 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.