Description

NSE notifies the listing of 99,722 fully paid-up equity shares of UPL Limited converted from partly paid-up shares, effective February 04, 2026.

Summary

The National Stock Exchange of India has approved the listing of 99,722 fully paid-up equity shares of UPL Limited on the Capital Market segment. These shares represent the conversion of partly paid-up equity shares to fully paid-up equity shares. The listing will be effective from February 04, 2026.

Key Points

  • Company: UPL Limited (Symbol: UPL)
  • Number of Securities: 99,722 equity shares
  • Face Value: Rs. 2/- per share
  • Paid-up Value: Rs. 2/- per share
  • Series: EQ (Equity)
  • ISIN: INE628A01036 (permanent ISIN)
  • Market Lot: 1 share
  • Nature: Conversion of partly paid-up equity shares to fully paid-up equity shares
  • Pari Passu: Yes - shares rank equally with existing equity shares
  • Lock-in: Not Applicable

Regulatory Changes

No regulatory changes introduced. This circular is issued in pursuance of:

  • Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A - admission of securities to dealings
  • Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A - specification of lot sizes

Compliance Requirements

For Trading Members:

  • Securities must be identified by designated codes for trading purposes
  • Trading shall be conducted in the specified market lot size of 1 share
  • Members should update their systems to reflect the newly listed securities

Technical Details:

  • Temporary ISIN (IN8628A01019) was used initially for dematerialized shares as per SEBI circulars CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012)
  • Shares will be credited under permanent ISIN INE628A01036

Important Dates

  • Circular Issue Date: February 03, 2026
  • Effective Date: February 04, 2026
  • Trading in the converted shares commences from February 04, 2026

Impact Assessment

Market Impact: Low

  • The listing involves conversion of existing partly paid-up shares rather than fresh capital issuance
  • The quantity of 99,722 shares is relatively small and unlikely to significantly impact UPL’s stock liquidity or price
  • No dilution effect as these are converted shares, not new issuances

Operational Impact: Minimal

  • Routine administrative listing process
  • Standard market lot size of 1 share requires no special trading arrangements
  • No lock-in restrictions facilitate normal trading

Shareholder Impact: Neutral to positive

  • Shareholders with partly paid-up shares now have fully paid-up shares with complete ownership rights
  • Enhanced liquidity for these specific shareholdings
  • Pari passu status ensures equal treatment with existing equity shares

Distinctive Number Ranges

The 99,722 shares are allocated across four distinctive number ranges:

  1. 890707401 to 890734696 (27,296 shares)
  2. 890775768 to 890789251 (13,484 shares)
  3. 890734702 to 890775763 (41,062 shares)
  4. 890789254 to 890807133 (17,880 shares)

Impact Justification

Routine administrative listing of converted shares with minimal market impact due to small quantity (99,722 shares) relative to UPL's total market capitalization