UPL Limited Files Scheme for Revenue Retention and Business Reorganization
UPL Limited filed a Composite Scheme of Arrangement following Board approval on February 20, 2026. The company will retain revenue streams from Superform and formulations, consolidating its Superform subsidiary, which generated over Rs 10,000 crore in revenue. UPL anticipates improving its agchem and super-specialty revenue mix from ~75:25 and plans to incubate new businesses in bioethanol and sustainable fuels. The reorganization aims to simplify structure and enhance operational synergies.

UPL Limited filed a Composite Scheme of Arrangement on February 20, 2026, to retain revenue from its Superform subsidiary and formulations. Superform reported revenue exceeding Rs 10,000 crore and an EBITDA of over Rs 1,100 crore in FY25.
The company expects the agchem and super-specialty revenue mix to improve from ~75:25. UPL will continue to focus on incubating businesses in bioethanol and sustainable aviation fuel. The reorganization integrates its Indian and international crop protection operations into UPL Global, enhancing operational synergies and shareholder value.




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