Description

NSE notification for listing of 7,46,133 equity shares of UPL Limited arising from conversion of partly paid-up shares to fully paid-up shares, effective January 22, 2026.

Summary

National Stock Exchange of India has notified the listing of 7,46,133 equity shares of UPL Limited arising from the conversion of partly paid-up equity shares to fully paid-up equity shares. The securities will be admitted to trading on the Capital Market segment with effect from January 22, 2026. The shares carry a face value and paid-up value of Rs. 2/- each and will trade under the symbol ‘UPL’ with ISIN INE628A01036.

Key Points

  • Total securities listed: 7,46,133 equity shares
  • Face value and paid-up value: Rs. 2/- per share
  • Trading symbol: UPL
  • Series: EQ (Equity)
  • ISIN: INE628A01036
  • Market lot size: 1 share
  • Pari passu: Yes (ranking equally with existing shares)
  • Lock-in: Not Applicable
  • Distinctive numbers: From 889960963 to 890707112
  • Temporary ISIN for dematerialized shares: IN8628A01019

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification in accordance with:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission of securities
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification
  • SEBI circular no. CIR/MRD/DP/21/2012 dated August 02, 2012
  • SEBI circular no. CIR/MRD/DP/24/2012 dated September 11, 2012 regarding temporary ISIN activation

Compliance Requirements

  • Trading members must use designated security codes (UPL symbol) and ISIN (INE628A01036) for identification
  • Trading must be conducted in specified lot size of 1 share
  • Dematerialized shares initially credited under temporary ISIN (IN8628A01019) as per SEBI guidelines for additional share issues

Important Dates

  • Circular Date: January 21, 2026
  • Effective Date: January 22, 2026 (listing and trading commencement)

Impact Assessment

Market Impact: Minimal. This represents a conversion of existing partly paid-up shares to fully paid-up status rather than fresh capital raising. The 7.46 lakh shares constitute a small incremental addition to UPL’s existing equity base.

Trading Impact: The shares will be pari passu with existing equity shares and have no lock-in restrictions, making them immediately available for trading. The market lot size of 1 allows retail participation.

Shareholder Impact: Existing shareholders will see these additional shares credited to their demat accounts under the permanent ISIN after migration from the temporary ISIN.

Impact Justification

Routine listing notification for conversion of partly paid-up shares to fully paid-up shares. Limited impact on overall market capitalization and trading volumes.