Description
BSE permits trading in 7,46,133 new equity shares of UPL Ltd arising from conversion of partly paid shares to fully paid up shares on rights basis, effective January 22, 2026.
Summary
BSE has approved the listing of 7,46,133 new equity shares of UPL Ltd (Scrip Code: 512070) arising from the conversion of partly paid shares to fully paid up shares of Rs. 2/- each on rights basis. Trading in these new securities will commence from Thursday, January 22, 2026. The shares are pari-passu with existing equity shares.
Key Points
- Total new shares: 7,46,133 equity shares of Rs. 2/- each
- Nature: Conversion of partly paid shares to fully paid up shares on rights basis
- Scrip Code: 512070
- ISIN: INE628A01036
- Trading commencement date: January 22, 2026
- Distinctive Numbers: 4,32,186 shares (889960963-890393148) and 3,13,947 shares (890393166-890707112)
- Status: Pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing procedure for converted securities.
Compliance Requirements
- Trading members are permitted to trade in the new securities from the effective date
- No additional compliance requirements specified
Important Dates
- Notice Date: January 21, 2026
- Trading Commencement: January 22, 2026 (Thursday)
Impact Assessment
Minimal market impact. This is a routine corporate action involving the conversion of partly paid shares to fully paid up shares. The number of shares (746,133) represents a small addition to UPL’s total equity base. The shares carry the same rights as existing equity shares (pari-passu), ensuring no differential treatment. No impact on trading operations or market participants beyond standard listing procedures.
Impact Justification
Routine listing of converted shares from partly paid to fully paid. Minor dilution (746,133 shares) for a large-cap company. Standard corporate action with no operational or regulatory impact.