Description

BSE permits trading in 99,722 new fully paid equity shares of UPL Ltd from February 4, 2026, arising from conversion of partly paid shares issued on rights basis.

Summary

BSE has notified trading members that 99,722 new equity shares of UPL Ltd (Scrip Code: 512070) will be available for trading from Wednesday, February 4, 2026. These shares arise from the conversion of partly paid shares to fully paid up shares of Rs. 2/- each issued on rights basis. The new shares carry the same rights as existing equity shares (pari-passu).

Key Points

  • Total new shares: 99,722 equity shares of Rs. 2/- each
  • Company: UPL Ltd (Scrip Code: 512070)
  • ISIN: INE628A01036
  • Origin: Conversion of partly paid shares to fully paid up shares on rights basis
  • Status: Pari-passu with existing equity shares
  • Trading permitted from: February 4, 2026

Distinctive Number Allocation

The new shares are allocated across four distinctive number ranges:

  • 27,296 shares: 890707401 to 890734696
  • 41,062 shares: 890734702 to 890775763
  • 13,484 shares: 890775768 to 890789251
  • 17,880 shares: 890789254 to 890807133

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities.

Compliance Requirements

Trading members must:

  • Update their systems to reflect the new securities for trading
  • Ensure the distinctive number ranges are correctly recorded
  • Recognize that these shares carry the same rights and privileges as existing equity shares

Important Dates

  • Circular Date: February 3, 2026
  • Trading Commencement Date: February 4, 2026

Impact Assessment

The listing of 99,722 shares represents a minimal increase to UPL Ltd’s equity capital base. This is a routine corporate action resulting from the conversion of partly paid shares to fully paid shares under a rights issue. The small quantum of shares and pari-passu nature means negligible impact on stock liquidity, price discovery, or market operations. Trading members need only perform standard system updates to accommodate the new distinctive number ranges.

Impact Justification

Routine listing of small number of shares (99,722) from conversion of partly paid to fully paid shares. Minimal impact on trading or market operations for a large cap company.