The company, UPL Limited, has issued a First Reminder Notice for shareholders who missed the ₹90 per share first call payment that was originally due on March 3, 2025. The notice provides an option to make the payment between April 11 and April 25, 2025, without any interest.
If the payment is made after April 25, interest at 10% per annum will be payable from April 25 until the actual date of payment, subject to any further payment window being announced by the company. You can refer to the official notice here.
Here’s how you can pay during the reminder window:
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Mode of Payment: Only via Cheque or Demand Draft. Online payments (ASBA/UPI) are not accepted.
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Submit at: Any of the listed Axis Bank branches or send the filled payment slip + cheque/DD by registered post/speed post to:
MUFG Intime India Private Limited
Unit: UPL Limited,
C-101, 1st Floor, 247 Park,
LBS Marg, Vikhroli (West),
Mumbai - 400083, Maharashtra
Phone: +91 8108114949
Email: [email protected]
- Amount to Pay: ₹90 per share.
- If paid after April 25, interest is applicable at 10% per annum.
You can refer to the detailed payment instructions here: Annexure 1: How to pay the First Call
You can download the official payment slip here.
What happens if you don’t pay?
If you miss the reminder window, your partly paid shares may be forfeited, including the ₹90 already paid during application. The company also reserves the right to deduct any unpaid dues from future dividend payouts.
Designated Axis Bank Branches for UPL First Call Money
If you have any further doubts, please refer to the detailed instructions provided in the reminder notice here.