Description

NSE notifies the listing of 3,711 fully paid-up equity shares of UPL Limited converted from partly paid-up shares, effective November 27, 2025.

Summary

National Stock Exchange of India has notified the listing of further issue of securities for UPL Limited. The circular announces the conversion of 3,711 partly paid-up equity shares to fully paid-up equity shares, which will be admitted to trading on the Capital Market segment with effect from November 27, 2025. The shares have a face value and paid-up value of Rs. 2/- each and will trade under the symbol ‘UPL’ with ISIN INE628A01036.

Key Points

  • 3,711 equity shares of UPL Limited converted from partly paid-up to fully paid-up status
  • Trading symbol: UPL, Series: EQ
  • ISIN: INE628A01036 (permanent ISIN after conversion from temporary ISIN IN8628A01019)
  • Face value and paid-up value: Rs. 2/- per share
  • Market lot size: 1 share
  • Shares are pari passu with existing equity shares
  • No lock-in restrictions applicable
  • Distinctive numbers range: 889627005-889630554 and 889958089-889958249

Regulatory Changes

No new regulatory changes introduced. The circular implements existing regulations under NSE Capital Market Trading Regulations Part A, specifically:

  • Regulation 3.1.1 regarding admission of securities to dealings
  • Regulation 2.5.5 regarding lot sizes for trading
  • SEBI circulars CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012) regarding temporary ISIN activation for additional share issuances

Compliance Requirements

No specific compliance actions required from market participants. This is a routine listing notification. Trading members should:

  • Note the updated share capital of UPL Limited
  • Ensure trading systems reflect the additional 3,711 shares available for trading
  • Use designated security code (UPL) and ISIN (INE628A01036) for identification

Important Dates

  • Circular Issue Date: November 26, 2025
  • Effective Date: November 27, 2025 - Shares admitted to trading on NSE Capital Market segment

Impact Assessment

Market Impact: Minimal. The conversion involves only 3,711 shares, representing a negligible fraction of UPL Limited’s total equity capital. No material impact on stock price or trading volumes expected.

Operational Impact: None for market participants. Standard listing process with no changes to trading mechanisms, lot size (remains 1), or any special trading conditions.

Investor Impact: Positive for holders of partly paid-up shares who now have fully paid-up shares with full trading rights and no remaining payment obligations. The shares are pari passu with existing equity shares, ensuring equal rights and privileges.

Impact Justification

Routine administrative listing of small number of converted shares (3,711 shares) with no material market impact or compliance requirements for market participants.