UPL Limited disclosed the outcomes of its Board Meeting held on November 2, 2026, which commenced at 12:45 p.m. (IST) and concluded at 03:20 p.m. (IST). The disclosure was made pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Appointment of Statutory Auditors

The Board approved the appointment of S R B C & CO LLP, Chartered Accountants (ICAI Firm Registration No. 324982E/E300003), as the new Statutory Auditors of the Company. This appointment is for a term of 5 consecutive years, commencing from the conclusion of the 43rd Annual General Meeting (AGM) in 2027 until the conclusion of the 48th AGM in 2032. The appointment is subject to shareholder approval at the ensuing AGM.

The change is necessitated as the existing Statutory Auditors, B S R & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 101248W/W-100022), will complete their second term at the conclusion of the 43rd AGM.

S R B C & CO LLP is a limited liability partnership firm incorporated in India, registered with the ICAI, and part of S. R. Batliboi & Affiliates network. The firm was established in 2002 with its registered office in Kolkata and has offices across key cities in India. It holds a valid Peer Review certificate and primarily provides audit and assurance services to clients across diverse market segments including Industrial, Infrastructure, Consumer Products, Financial Services, Technology, Media and Entertainment, Telecommunications, and Professional Services.

2. Appointment of Additional Director

The Board approved the appointment of Mr. Shatmanyu Shrivastava (DIN: 12023367) as an Additional Director (Non-Executive, Non-Independent), nominated by Life Insurance Corporation of India (LIC). The appointment is effective from November 2, 2026, and subject to shareholder approval.

Mr. Shrivastava is a Fellow Member of the Institute of Chartered Accountants of India and a Fellow of the Insurance Institute of India. He has also pursued actuarial studies from the Institute of Actuaries of India. With over 36 years of experience at LIC, he held various leadership positions including Executive Director (Finance & Accounts) and Chief Financial Officer, and previously Executive Director (Enterprise Risk Management) and Chief Risk Officer. He retired from LIC on September 30, 2026. His expertise includes finance, accounting, risk management, corporate governance, and regulatory compliance.

Mr. Shrivastava is not related to any Director of the Company and is not debarred from holding the office of Director pursuant to any order of SEBI or other authority.

3. Appointment of Senior Management Personnel

The Board approved the appointment of Mr. Sameer Tandon, President - APAC, Africa and Europe, as Senior Management Personnel of the Company effective November 2, 2026.

Mr. Tandon brings over 26 years of leadership experience across B2B and B2C businesses in consumer goods and crop protection industries, with expertise in marketing and brand management. He has led businesses across India, APAC, and Europe with P&L responsibility, and has a strong track record of driving business transformation, strengthening customer engagement, and delivering profitable growth.

The disclosure includes required information under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026.