UPL, a leading global provider of agriculture solutions, announced on Tuesday that it has secured a $350 million investment from Alpha Wave Global, a prominent global investment firm. This investment will be directed towards Advanta Enterprises, a UPL subsidiary focused on innovative farming solutions and technology. Alpha Wave Global will acquire approximately 12.5% stake in Advanta through a combination of primary and secondary investments. The primary investment of $100 million will be used to fuel Advanta's growth initiatives, while the secondary sale of $250 million will help UPL reduce its debt. This investment marks the second significant funding round for Advanta, following a $300 million investment from KKR in October 2022. In another development, UPL said it will raise Rs 3,377.74 crore through a rights issue of 9.38 crore shares. Shareholders will be offered one rights share for every eight equity shares held, at a price of Rs 360 per rights share. The issue period is from December 5 to 17. UPL is a global leader in sustainable agriculture solutions. The company has a diverse portfolio of biological and traditional crop protection solutions. The company reported consolidated net loss of Rs 443 crore in Q2 FY25 as against with net loss of Rs 189 crore posted in Q2 FY24. Revenue from operations rose 9.05% YoY to Rs 11,090 crore in the quarter ended 30 September 2024, driven by 16% increase in volumes, 7% decline in price and near flat Fx. Powered by Capital Market - Live

Honasa Consumer Ltd, Zee Entertainment Enterprises Ltd, GMR Airports Infrastructure Ltd, Container Corporation Of India Ltd are among the other stocks to see a surge in volumes on BSE today, 19 November 2024.UPL Ltd notched up volume of 16.97 lakh shares by 10:46 IST on BSE, a 15.44 fold spurt over two-week average daily volume of 1.10 lakh shares. The stock rose 1.48% to Rs.544.45. Volumes stood at 66710 shares in the last session.Honasa Consumer Ltd recorded volume of 4.24 lakh shares by 10:46 IST on BSE, a 12.53 times surge over two-week average daily volume of 33820 shares. The stock lost 10.84% to Rs.263.75. Volumes stood at 92813 shares in the last session.Zee Entertainment Enterprises Ltd notched up volume of 13.93 lakh shares by 10:46 IST on BSE, a 3.61 fold spurt over two-week average daily volume of 3.86 lakh shares. The stock rose 7.62% to Rs.124.30. Volumes stood at 5.39 lakh shares in the last session.GMR Airports Infrastructure Ltd saw volume of 10.95 lakh shares by 10:46 IST on BSE, a 2.78 fold spurt over two-week average daily volume of 3.94 lakh shares. The stock increased 5.06% to Rs.82.00. Volumes stood at 2.3 lakh shares in the last session.Container Corporation Of India Ltd saw volume of 84820 shares by 10:46 IST on BSE, a 2.29 fold spurt over two-week average daily volume of 37056 shares. The stock increased 2.08% to Rs.802.40. Volumes stood at 31244 shares in the last session.Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 20 November 2024Powered by Capital Market - Live

Net Loss of UPL reported to Rs 443.00 crore in the quarter ended September 2024 as against net loss of Rs 189.00 crore during the previous quarter ended September 2023. Sales rose 9.05% to Rs 11090.00 crore in the quarter ended September 2024 as against Rs 10170.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11090.0010170.00 9 OPM %10.9711.02 - PBDT258.00355.00 -27 PBT-439.00-302.00 -45 NP-443.00-189.00 -134 Powered by Capital Market - Live

Revenue from operations rose 9.05% YoY to Rs 11,090 crore in the quarter ended 30 September 2024, driven by 16% increase in volumes, 7% decline in price and near flat Fx. Loss before exceptional items and tax was at Rs 439 crore in second quarter of FY25 as compared to Rs 302 crore reported in the same quarter a year ago. Exceptional items stood at Rs 8 crore in Q2 FY25 as compared to Rs 87 crore recorded in same quarter last year. EBITDA grew to Rs 1,576 crore in the Septembr 2024 quarter from Rs 1,573 crore reported in Q2 FY24. EBITDA margin dropped 130 bps YoY to 14.2% during the period under review. Contribution margin tumbled 220 bps on YoY basis to 37.7% in September 2024 quarter as against with 39.9% reported in Q2 FY24. The company's revenue from crop protection was at Rs 9,448 crore (up 9.3% YoY), seeds business income was Rs 1,113 crore (up 3.82% YoY) and non agro stood at Rs 599 crore (up 11.13% YoY). UPL's revenue from Europe rose by 8% YoY. Income from India climbed 13% YoY followed by North America, up 10% YoY and Latin America was flat YoY during the period under review. Income from rest of the world grew 29% YoY during the quarter. During the quarter, net debt decreased to $3,285 million as against $3,696 million posted in Q2 FY24. Jai Shroff, Chairman and Group CEO, said 'Our volume growth continues, and we are on the path to achieving our EBITDA and net debt guidance levels. With our fundamentals intact, we saw robust volume growth in our global crop protection business. In India, there was an overall positive momentum. Pushing sales closer to application season has optimized our working capital requirements and minimized likelihood of sales returns. We will continue to focus on enforcing stricter credit and inventory norms to enhance cash flows. On our global seeds platform, Advanta, we are back on track after some headwinds in Q1. Our growth this quarter was margin accretive, driven by favorable pricing in grain sorghum and corn. The continued business momentum is expected to yield favorable results in the second half of the year.' Mike Frank, CEO, UPL Corporation Ltd., said: 'The fundamentals in the global crop protection market continue to remain strong. We continue to see robust dealer and farmgate demand across most regions for our products, as seen in our 13% volume growth this past quarter. Leading this growth was our fungicide segment, led by mancozeb products globally, as well as other premium fungicides in Europe. We had continued growth in our BioSolutions NPP business, which grew 10%. Specifically, our biocontrol offerings in Latin America and Europe have received strong customer demand. Additionally, NPP was supported by biostimulant volumes in Brazil. Aligned with our strategy, we continue to improve product mix from differentiated and sustainable segments, which has increased from 35% last year to 37% now. Contribution margin compressed by 150 bps vs Q2 FY24, primarily due to pricing pressure, as well as foreign exchange impact in key countries, such as Brazil. On SG&A, we faced challenges related to ECLs and write-offs impacting our EBITDA for the quarter, which came in 9% lower than last year Q2.' UPL is principally engaged in the agro business of production and sale of agrochemicals, field crops, vegetable seeds and non agro business of production and sale of industrial chemicals, chemical intermediates, speciality chemicals.Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

The Board of UPL at its meeting held on 04 September 2024 has granted its in-principle approval for exploring various options available for unlocking value in Advanta Enterprises (Advanta) by raising funds through primary or secondary issuances of securities, by way of private placements or public offerings or any other permissible mode(s) or combination thereof. The shareholders of UPL had approved creation of distinct pure play platforms in FY 23 and in line with the said approval, a separate platform was created by transferring Seeds business to Advanta, subsidiary of the Company. One of the main objectives of creating a separate Advanta platform was to facilitate unlocking value for the shareholders of UPL at an appropriate time. Powered by Capital Market - Live

UPL announced that UPL Global (UGL), a step-down subsidiary of UPL Corporation (subsidiary of the company) has completed the acquisition of balance 20% stake in PT Excel Meg Indo, Indonesia (PT Excel). PT Excel is engaged in the business of buying, importing and distributing of agrochemicals, seeds, fumingants and fertilizers in Indonesia. PT Excel is a subsidiary of UGL. Post completion of the acquisition, UGL will hold 99.9998% stake in PT Excel, while another subsidiary viz UPL Europe will hold 0.0002%. Powered by Capital Market - Live