UPL Limited has received an intimation on 21st February 2024, about issuance of certificate of incorporation with regards to new step-down subsidiary viz. Advanta Seeds Hungary Korlátolt Felelsség Társaság effective 20th February 2024. Industry ­ Seeds and related business.

Date of Incorporation ­ 20th February 2024. Advanta Seeds Hungary Korlátolt Felelsség Társaság would be a step-down subsidiary at Advanta Seed structure under Advanta Enterprises Limited, India in which the Company holds 86.67% shareholding. It becomes a related party up on incorporation.

Advanta Netherlands Holdings B.V. has invested initial capital of HUF 12,000,000. 100% shares are held by Advanta Netherlands Holdings B.V.