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UPL announces restructuring, to create two listed entitiesUPL will restructure into UPL and UPL Global Sustainable Agri Solutions, merging UPL SAS and demerging India crop protection. Promoters will hold 33.1 percent in UPL, 71.6 percent in UPL Global.By Bhupendra Paintola  February 20, 2026, 4:33:16 PM IST (Updated)2 Min Read Indian multinational agrochemical company UPL announced a scheme of arrangement involving the company, UPL Agri, UPL Global Agri and UPL Crop, under which it will restructure its businesses into two listed entities.

As part of the plan, UPL Sustainable Agri Solutions (UPL SAS) will be merged with UPL. The company will also demerge its India crop protection business into UPL Global Sustainable Agri. In addition, UPL Crop Protection will be merged with UPL Global Sustainable Agri Solutions.

After the scheme becomes effective, there will be two listed companies — the existing UPL and UPL Global Sustainable Agri Solutions.

Under the approved share swap ratios, UPL will issue 1,000 shares for every 48 shares held in UPL SAS. UPL Global Sustainable Agri will issue 1,000 shares for every 213 shares held in UPL Crop Protection.

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Post the restructuring, promoters will hold 33.1% in UPL and public shareholders 66.91%. In UPL Global Sustainable Agri, promoters will hold 71.6% while public shareholders will own 28.4%.

The company said the move is aimed at simplifying its structure and creating a focused crop protection platform. The transaction is expected to be completed within 12 to 15 months.

Shares of UPL ended today's trade 1.7% lower at ₹751.5 on the NSE. The announcement was made after market hours.

Continue ReadingFirst Published: Feb 20, 2026 4:15 PM ISTTagsUPL