UPL clarifies Karnataka Minister Davos meeting — no agreement signed

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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

-3.9%Reaction day

₹723.00

prior close

₹715.30

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.0%-2.9% vs market

Pesticides & Agrochemicals peers, median of 27sector-1.5%-2.4% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Midcap 150 and 2.4 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+2.1

15m

+1.1

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.9-1.0-2.9-1.5-2.4

Next day

-3.3+0.2-3.5+1.3-4.6

-3.2-1.5-1.6-1.7-1.5

-0.8-1.0+0.2-0.1-0.7

-1.1+0.6-1.7+0.5-1.7

-0.8+0.7-1.5+1.0-1.8

-3.2-0.4-2.8+1.0-4.3

15d

+3.0+4.3-1.3+3.8-0.8

-10.8+2.6-13.3-1.7-9.1

-17.0-8.9-8.1-12.9-4.1

-9.6+3.8-13.4+2.5-12.1

UpDownMarket · Nifty Midcap 150Sector · Pesticides & Agrochemicals peers, median of 27Pending

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

AI summary

UPL clarifies news about Karnataka Minister MB Patil meeting CEO Jai Shroff at the World Economic Forum in Davos. Company confirms the meeting happened on the sidelines of WEF but no agreement or negotiation was signed with the Karnataka Government. Talks centred on the state government expectations for UPL to scale up farm operations. Company states no material information requires disclosure under SEBI Clause 30.

Likely market impact

Meeting confirmed but no agreement signed with Karnataka. Company says no material disclosure needed, so no direct impact on operations or stock price.