General Announcement::Outcome of the Meeting of Rights Issue Committee of the Board

Issuer & Securities

Issuer/ Manager
UPL LIMITED
Securities
UPL LIMITED GDR - US90320U1152 - BYS
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Jan-2025 23:12:20
Status
New
Announcement Sub Title
Outcome of the Meeting of Rights Issue Committee of the Board
Announcement Reference
SG250124OTHR3C8V
Submitted By (Co./ Ind. Name)
Sandeep Deshmukh
Designation
Company Secretary & Compliance Officer
Effective Date and Time of the event
24/01/2025 20:15:00
Description (Please provide a detailed description of the event in the box below)
This is with reference to our intimation dated 20th November, 2024 in relation to the outcome of the meeting of the Rights Issue Committee of the Board ( Rights Issue Committee ) held on 20th November, 2024 approving various terms of the Rights Issue and the Letter of Offer for issue of 9,38,25,955 partly paid-up Equity Shares.

In this regard, we wish to inform you that the Rights Issue Committee of the Board of Directors at its meeting held today i.e 24th January, 2025, has approved making of the first call on partly paid-up equity shares of 25% of issue price of 360 per share i.e 90 per share (comprising 0.50 towards paid-up value and 89.50 towards premium) and has fixed Thursday, 30th January, 2025 as the Record Date for the purpose of ascertaining the holders of partly paid-up equity shares to whom the first call notice would be sent.

Attachments

UPL_FirstCall 1.pdf
Total size =193K