Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of SEBI Listing Regulations regarding acquisition of equity interest in an Egyptian entity by a step-down subsidiary.

Transaction Structure: UPL Limited received intimation on August 15, 2026, at 02:00 AM that its step-down subsidiary, Advanta Holdings B.V. (Advanta BV), is acquiring equity interest in Hytech Egypt USA LLC (Hytech USA). Hytech USA is a holding company that controls Misr Hytech Seed International S.A.E. (Hytech Egypt), which is the ultimate operating target entity being acquired through this transaction.

Target Entity Details:

  • Name: Misr Hytech Seed International S.A.E.
  • Industry: Agricultural seeds industry
  • Date of Incorporation: September 25, 1993
  • Financial Performance (Turnover in USD Millions):
  • FY 2023 (September to August): ~$34.9 million
  • FY 2024 (September to August): ~$37.6 million
  • FY 2025 (September to August): ~$25.7 million

Related Party Status: The acquisition is not a related party transaction. Advanta BV is a step-down subsidiary of Advanta Enterprises Limited, which is part of UPL's Seeds and Post Harvest segment under the "Advanta" platform. UPL Limited effectively holds 78.21% shareholding in Advanta Enterprises Limited.

Strategic Rationale: The acquisition of Hytech Egypt is fundamentally a strategic platform acquisition that gives Advanta an immediate leadership position in one of the largest and fastest-growing seed markets in the Middle East and Africa in white and yellow corn.

Regulatory Approvals Required: The following anti-trust approvals are required prior to closing of the transaction:

  • COMESA Competition and Consumer Commission
  • Egyptian Competition Authority

Transaction Timeline: The acquisition must be completed on or before January 31, 2027.

Consideration: Cash consideration of approximately US$110 million, subject to terms and conditions including closing adjustments in the Equity Purchase Agreement.

Ownership Stake: Upon completion of the transaction, Advanta BV will hold 99.98% of the shareholding in Hytech Egypt.

Regulatory Reference: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026.