24 Oct 2022 14:11
UPL LIMITED
Sub: UPL Limited - Board of Directors approve
1. Realignment of existing businesses to create 'distinct pure-play platforms' under subsidiaries (Simplification of structure); and
2. Investment by PE investors in subsidiaries
We hereby inform that the Board of Directors of the Company at its meeting held on 20th October 2022 has approved:
1. Transfer of 'Crop Protection' business on a slump sale basis as a going concern to UPL Sustainable Agri Solutions Ltd (wholly-owned subsidiary).
2. Transfer of 'Advanta Seeds' business on a slump sale basis as a going concern to Advanta Enterprises Ltd. (wholly-owned subsidiary).
3. Transfer of 'Adarsh Farm Services' business on a slump sale basis as a going concern to Nurture AgTech Pvt. Ltd. (wholly-owned subsidiary).
Links:
https://www.bseindia.com/xml-data/corpfiling/AttachHis/81818834-9cef-44df-b01f-812a24ae16b1.pdf
We request you to take note of the same.
Thanking you,
Upl Limited (UPLL)