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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.