Description

NSE notifies listing of 4,655 additional equity shares of UPL Limited (Symbol: UPL) effective March 18, 2026, arising from conversion of partly paid-up equity shares to fully paid-up equity shares.

Summary

NSE has notified the listing of a further issue of 4,655 equity shares of UPL Limited (NSE Symbol: UPL, ISIN: INE628A01036) on the Capital Market segment, effective March 18, 2026. These shares arise from the conversion of partly paid-up equity shares to fully paid-up equity shares, previously held under a temporary ISIN (IN8628A01019).

Key Points

  • 4,655 additional equity shares of UPL Limited admitted to dealings on NSE Capital Market segment
  • Effective date: March 18, 2026
  • Symbol: UPL | Series: EQ | ISIN: INE628A01036
  • 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 applicable
  • Shares were earlier credited under temporary ISIN IN8628A01019 per SEBI circulars on additional issue activation

Regulatory Changes

No new regulatory changes. The listing is in pursuance of:

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

Compliance Requirements

  • Trading members must use the designated security code (Symbol: UPL, Series: EQ) for all trades in these securities
  • Trading must be conducted in the specified lot size of 1 share
  • The shares will be identified solely by their designated codes on the trading system

Important Dates

  • Circular Date: March 17, 2026
  • Effective Date for Trading: March 18, 2026

Impact Assessment

The addition of 4,655 shares is negligible relative to UPL Limited’s overall share capital and is unlikely to have any material market impact. The conversion from partly paid-up to fully paid-up status is a routine corporate action. Distinctive number ranges for the new shares span six tranches (from 889630777 to 890775767). The circular is administrative in nature, ensuring proper identification and tradability of these shares on the NSE platform.

Impact Justification

Routine listing of a small additional tranche of 4,655 shares from conversion of partly paid-up to fully paid-up equity; negligible impact on UPL's total share capital.