Main Disclosure – Disinvestment Details
Target Entity: Bioplanta Nutrição Vegetal Indústria e Comercio S.A. ("Bioplanta")
Percentage Stake Disinvested: Entire stake held by UPL do Brasil Indústria e Comércio de Insumos Agropecuários S.A. ("UPL Brasil"), a subsidiary of UPL Limited.
Post-Transaction Holding: UPL Group will hold 0% stake in Bioplanta post-disinvestment.
Counterparty/Buyer: MARINO JOSÉ FRANZ and MIGUEL VAZ RIBEIRO, Brazilian citizens and businessmen.
Mode of Consideration: Cash
Valuation or Price Basis: Nominal consideration of USD 20 due to Bioplanta's negative net worth.
Rationale for Disinvestment: As part of UPL's focus on profitable growth and to sharpen its portfolio.
Impact on the Company: The divestment aligns with UPL's strategic focus on profitable growth and portfolio optimization by exiting a loss-making associate company.
Business Profile of Target Entity:
- Sector: Engaged in manufacture, sale, importation, exportation and tolling of fertilizers, agrochemicals (standard or biological), adjuvants, and agriculture inputs.
- Financial Performance for FY 2025:
- Revenue: USD 7.1 million
- Networth: Negative USD 8.2 million
- Profit/(Loss): Loss of USD 3.1 million
- Bioplanta was an associate of UPL Limited under IND AS and did not contribute to the Consolidated Revenue from Operations.
Related Party Status: No. Buyers do not belong to the promoter/promoter group/group companies of UPL Limited. The transaction does not fall within the ambit of related party transactions.
Approvals Required: UPL Brasil has secured all necessary regulatory approvals for the divestment as of July 29, 2026.
Indicative Timeline: The transaction is expected to be completed on or before July 31, 2026.
Other Updates
No other disclosures are present in the document.