UPL Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 31, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
UPL · price
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UPL Limited held an Extraordinary General Meeting (EGM) on March 31, 2026, via video conferencing, chaired by Vice-Chairman & Co-CEO Mr. Vikram Shroff in the absence of Chairman Mr. Jaidev Shroff. A total of 11 ordinary resolutions were put to vote, all relating to material related party transactions within the UPL group — covering sale of materials and functional support services between UPL and its various subsidiaries (in Europe, Brazil, France, and others), issuance of a corporate guarantee by UPL Corporation Cayman for its Mauritius arm, centralised treasury operations among subsidiaries, and proposed investments in subsidiaries. All 11 resolutions were passed with overwhelming shareholder approval, with approximately 99.995% of valid votes cast in favour and only 0.005% against each resolution. Around 52.19% of outstanding equity shares (44.06 crore shares) were polled, with the promoter group voting unanimously in favour. The promoter/promoter group is declared as interested in every resolution since these are intra-group transactions.
This is a procedural clearance for routine intra-group related party transactions. The near-unanimous approval (over 99.99% in favour) signals strong shareholder support and means UPL can continue its internal supply chain, treasury, and investment activities across its global subsidiaries without disruption. No material governance red flags or stock price triggers are evident from this filing.