�Nerka Chemicals Private Limited�has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Nerka Chemicals Private Limited, part of UPL's promoter group, has filed a declaration under Regulation 31(4) of SEBI's Takeover Regulations with the stock exchanges. As of 31st March 2025, the promoter group along with persons acting in concert held 28,29,09,708 equity shares of UPL, which includes 1,47,71,012 Global Depository Receipts (GDRs) equivalent to 2,95,42,024 underlying shares. The promoter group also confirmed that none of these equity shares have been encumbered (pledged or locked) as of 31st March 2025. This is a routine annual compliance filing required from promoter entities each financial year-end.
This is a routine compliance disclosure and not a new event. Investors can take comfort that no promoter shares are currently pledged, reducing near-term risk of forced selling. The promoter group's aggregate holding remains at roughly 37% of UPL, leaving the company well within promoter control thresholds.