please find attached letter dated 12th May 2025.
Awaiting price reaction for this filing.
UPL Limited's board, at its meeting on May 12, 2025, approved two key management changes effective June 1, 2025. Mr. Bikash Prasad has been appointed as the new Group Chief Financial Officer, replacing Mr. Anand Vora who is stepping down on May 31, 2025 due to superannuation (retirement) after 12 years with UPL. Mr. Anand Vora will continue with UPL as a strategic advisor and Finance Director. Mr. Bikash Prasad is a fellow member of the Institute of Cost Accountants of India with over 25 years of experience, most recently serving as President and CFO at Olam Agri for 19 years. Additionally, Mr. Sujoy Mazumdar has been appointed as Group General Counsel, bringing extensive global legal leadership experience from Schlumberger across 60+ countries.
This is a planned, orderly leadership transition with no disruption expected. The new CFO brings strong global finance and restructuring experience from a major agri-business (Olam Agri), while continuity is maintained through Anand Vora's ongoing advisory role. Investors are unlikely to view this negatively as it reflects a natural succession.