This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
UPL Board approves new auditor, additional director and senior leader
UPL · price
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On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 0.3 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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UPL Limited's board approved SRBC & Co LLP as statutory auditors for five years, from the 43rd annual general meeting in 2027 through the 48th in 2032, pending shareholder approval; BSR & Co will complete its second term. LIC nominee Shatmanyu Shrivastava was appointed an additional non-executive, non-independent director, pending shareholder approval. Sameer Tandon became president for APAC, Africa and Europe on November 2, 2026.
The changes may support stronger oversight and regional execution, but no immediate earnings impact was stated. Shareholders must approve the new auditor and director.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹11,860 Cr | ₹12,019 Cr | −1.3% |
| Operating profit | ₹562.0 Cr | ₹446.0 Cr | +26.0% |
| Profit after tax | ₹452.0 Cr | ₹612.0 Cr | −26.1% |
| EBITDA margin | 18.5% | 17.8% | +0.7 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.