UPL Limited has announced the acquisition of the remaining 25% stake in its step-down subsidiary, UPL Agro Limited, by UPL Limited, Hongkong. This transaction, completed on January 8, 2026, makes UPL Agro Limited a wholly owned subsidiary of UPL Limited, Hongkong.

UPL Agro Limited, through its wholly owned subsidiary Yoloo (Laoting) Biotechnology Limited, is involved in the marketing and promotion of agri-chemical products, as well as the manufacturing, distribution, and commercialization of crop protection products in China. The consolidated revenue of UPL Agro Limited was USD 91.55 million in March 2025, USD 73.18 million in March 2024, and USD 74.26 million in March 2023.

The acquisition involved a cash consideration of USD 17.86 million. The transaction is not a related party transaction, and no other regulatory approvals are required. UPL Agro Limited was incorporated on November 18, 2019, and has its presence in Hongkong.