UPL Ltd. has received an intimation about issuance of certificate of incorporation with regards to new step-down subsidiary UPL Lanka Bio (Private) Limited. UPL Lanka Bio is a wholly owned subsidiary of

UPL Corporation Limited, Mauritius (UPL Mauritius), a subsidiary of UPL Ltd., has incorporated a a wholly owned subsidiary, UPL Lanka Bio (Private) Limited.

UPL Lanka Bio is promoted by UPL Mauritius as a wholly owned subsidiary and accordingly UPL Lanka Bio becomes a step down wholly owned subsidiary of UPL.

UPL Lanka Bio is incorporated with the object to drive sustainable agriculture, achieving transformational growth through technology integration, accelerating the innovation engine, providing end-to-end bio solutions to farmers and collaborating across the food value chain.

UPL Mauritius expects to invest not exceeding approx. US$ 2 million over a period of next 3 years in line with the business plan in the form of equity or any other security/form as may be deemed appropriate. Investment will be made in cash, in compliance with applicable local regulations.