UPL Revamp to Unlock Value, No Loss for Existing Shareholders: CEO Jai Shroff

• UPL's proposed restructuring aims to unlock shareholder value and position it as the second-largest crop protection company globally.
• The group will operate through three businesses: global crop protection, seeds, and specialty chemicals.
• Existing shareholders will retain holdings without dilution, receiving incremental shares without value erosion.
• Promoters have no plans to sell shares, despite an 18-month lock-in period, and will adhere to regulatory guidelines.
• UPL has reduced debt, with net leverage declining from four times in FY24 to nearly one time currently, expecting 1.2–1.5 times next year.