UPL gets BSE and NSE nod for composite scheme of arrangement

Demerger ratio announcedStrategic Transactions 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

-0.8%Reaction day

₹607.45

prior close

₹609.95

announcement price

After-mkt

timing

Nifty Midcap 150market-0.4%-0.4% vs market

Pesticides & Agrochemicals peers, median of 28sector-0.4%-0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Midcap 150 and 0.4 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

-0.7

10m

-0.6

15m

-0.8

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.4-0.4-0.4-0.4

Next day

-0.8+0.1-0.8+0.3-1.1

+2.1+1.3+0.8+1.2+0.9

-4.2+1.0-5.2+1.7-5.9

-4.6+1.2-5.9+1.2-5.8

-5.7+0.8-6.5+0.5-6.2

-6.7+1.5-8.2-0.2-6.4

15d

-6.0+1.1-7.1-2.6-3.4

-7.4+1.8-9.2-2.3-5.1

-11.1-5.4-5.7-10.1-1.1

-15.5-9.0-6.5-18.7+3.2

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 received no adverse observations from BSE and no objection from NSE on July 29, 2026 for its composite scheme of arrangement. The scheme involves amalgamation of UPL Sustainable Agri Solutions and UPL Crop Protection Holdings into UPL, along with demerger into a new listed entity UPL Global Sustainable Agri Solutions. A share exchange ratio is specified in the scheme. Next step is filing with NCLT within 6 months. Scheme remains subject to other regulatory and creditor approvals.

Likely market impact

Key regulatory milestone achieved; scheme moves closer to NCLT approval. Share exchange ratio and final structure still to be detailed.