UPL Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on March 31, 2026
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UPL Limited has called an Extraordinary General Meeting (EGM) on March 31, 2026, at 3:30 PM via video conferencing to seek shareholder approval for 11 resolutions covering material related party transactions for FY 2026-27. The resolutions cover sale of materials worth Rs. 52,800 crore, functional support services worth Rs. 450 crore, financing/inter-corporate loans worth Rs. 1,67,900 crore, investments of Rs. 42,150 crore, and a corporate guarantee of USD 1.3 billion by UPL Corporation Cayman for UPL Corporation Mauritius. All transactions are between UPL Limited and its 200+ subsidiaries/associates, and the company noted that on a consolidated basis, intra-group transactions net to zero. The cut-off date for voting eligibility is March 24, 2026, with remote e-voting open from March 27 (9:00 AM) to March 30, 2026 (5:00 PM). UPL also clarified that the number of proposed transactions is lower than last year due to revised SEBI materiality thresholds (now Rs. 3,166 crore).
This is a routine annual omnibus approval for related party transactions that the company takes every year — not a new business decision. Since most transactions are between subsidiaries, they will eliminate in consolidated financials and have limited impact on standalone shareholders. However, investors should note the USD 1.3 billion corporate guarantee resolution, which adds to UPL's contingent liabilities and reflects the group's leveraged treasury structure.