UPL Invests $86.7M in Brazil Associate Sinova

UPL Limited discloses a further investment of USD 86.7 million in its Brazilian associate, Sinova Inovacoes Agricolas S.A.
The investment will increase UPL's indirect holding in Sinova from 49.97% to 55.81% to address working capital and reduce debt.
The transaction is classified as a related party transaction with an expected completion date on or before May 15, 2026.
Sinova is a major agricultural reseller in Brazil's Cerrado region with a turnover of USD 329 million in Dec 2025.