Please find enclosed letter dated May 11, 2026

Pat Growth 25pctResults RestatedExceptional ItemResults View source PDF Explain this filing

UPL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹644.50

prior close

₹662.30

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.1%+4.9% vs market

Pesticides & Agrochemicals peers, median of 28sector-1.6%+5.4% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Midcap 150 and 5.4 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+2.2

15m

+1.3

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.8-1.1+4.9-1.6+5.4

Next day

-2.7-3.6+0.9-3.9+1.2

-1.8-3.0+1.2-3.8+2.0

-1.1-1.8+0.7-4.0+2.9

-1.9-2.3+0.3-5.1+3.2

-0.7-2.5+1.8-6.2+5.5

-1.2-1.4+0.2-5.9+4.7

15d

-0.2-2.0+1.8-8.8+8.5

-7.7-4.6-3.1-8.6+0.9

-8.3+1.7-10.0-5.6-2.7

-11.8+3.0-14.8-2.9-8.9

UpDownMarket · Nifty Midcap 150Sector · Pesticides & Agrochemicals peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

UPL Limited reported strong annual results for FY2026 ended March 31, 2026. Consolidated revenue from operations grew 11% to Rs. 51,839 crores from Rs. 46,637 crores. Profit after tax (PAT) surged 171% to Rs. 2,220 crores from Rs. 820 crores in the prior year. EPS for the year stood at Rs. 22.32 compared to Rs. 9.66 (restated) in FY2025. The Board recommended a dividend of Rs. 6 per equity share (300% on Rs. 2 face value), payable after shareholder approval at the AGM. Exceptional items included a net gain of Rs. 61 crores driven by reversal of Brazilian VAT provisions, partially offset by restructuring costs including Rs. 98 crores for closure of the Bassen manufacturing facility. The auditors issued an unmodified opinion on the financial results.

Likely market impact

The sharp PAT growth of 171% reflects improved operational performance and favorable tax adjustments. The dividend payout signals management confidence. However, the Rs. 2,557 crores net cash outflow at subsidiary level and ongoing restructuring costs warrant monitoring.