Hello @nithin_kumrr - Can you please reply?
Hi @BOOGIEMAN , apologies for the delayed response.
The ISIN IN9628A01018 refers to UPLās partly paid-up shares (UPLPP), which were allotted after you paid 90 during the application in the rights issue. These shares are currently marked as inactive because trading was suspended from January 29, 2025, when the company announced the first call.
Since the first call payment window has closed and the payment wasnāt made, you havenāt been allotted UPLPP1, which is the partly paid-up share currently active and tradable for those who paid the first call.
Initial first call details:
The company also issued a Reminder Notice for shareholders who missed the ā¹90 per share first call payment due on March 3, 2025. Payments were accepted without interest till April 25, 2025.
As per the notice, any payment made after April 25 would be accepted with 10% annual interest, calculated from April 25 until the actual date of payment. At this stage, itās best to get in touch with the companyās RTA to confirm if payments are still being accepted and for the payment process.
The company also mentioned that if the payment isnāt completed within the allowed window, the partly paid shares may be forfeited, including the ā¹90 already paid.
The RTA would have also sent you email communication with instructions. Hereās the company RTA contact: +91 8108114949, [email protected]
In this rights issue, you paid ā¹90 during the application and received UPLPP shares. These are partly paid and not fully paid yet. The total issue price is ā¹360. ā¹90 was paid at application, another ā¹90 in the first call (now completed), and the final ā¹180 will be collected in the second or final call. Only after all these payments are made will you receive the fully paid UPL shares.
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Hello @nithin_kumrr
Sorry to bother you again, but you have mentioned the first call payment was in March which was extended in April 2025.
My query is I paid the amount in December 2024,so I shouldnt be paying again in March or April 2025 as I have paid the first call payment already. Secondly, if I have paid the amount, UPLPP shares should show under my holdings (trading) and my understanding is I can either sell PP shares or I can wait until second call is made to make the remaining payment.
Please answer 
Hi @BOOGIEMAN ,
The Rs. 90 you paid in December 2024 was the application money, and you were allotted UPLPP shares. That was just the first part of the total Rs. 360 issue price.
Hereās an example of the payment structure:
- Application: 90
- 1st Call money: 90
- 2nd Call money: 90
- Final Call money: 90
(So far, only the 1st call has been made. This is just an example, the company may choose to collect Rs. 180 together as the second and final call.)
Total is 360, thatās when a partly paid issue completes, and fully paid shares will be allotted.
UPL rights issue is partly paid, meaning the payment must be made in multiple installments.
The first call of Rs. 90 was a separate payment, scheduled between February 17 and March 3, 2025, with a reminder window in April.
As per exchange rules, partly paid shares get suspended from trading on the ex-date of the call, and upon payment of the first call, a new ISIN and symbol are allotted.
In your case, you continue to hold UPLPP, which was suspended from trading on January 29, 2025, and hasnāt been allotted since the first call wasnāt paid.
If you have any other questions, feel free to ask, or let us know if youād like a callback, and weāll arrange one to clarify this.
Received notice of second and final call notice money.
status: not paid first call notice money
now, they have asked me to pay 270 rs per share as mentioned in the mail (do I need to pay penalty?)
also, there is no option mentioning me to pay online, only cheque/DD can be done (which I have to send it to them in Mumbai)
there is form annexure-2 which Iām filling, and got a cheque also
now, I wanted to know, what should I fill in Payment Details asking for a field-
Drawn on (Bank & branch); Date
also, there is an acknowledgement slip, Iām doing a courier to them, how am I supposed to get acknowledgement slip?
Yes, I also got an email saying pay the pending amount of 180 via check/dd by visiting the branch so is there any other way to make the payment online?
Also, in case I donāt want to pay remaining amount and I want to sell those shares so when will they traded in kite for selling?
UPL final call on partly paid shares
Update: UPL Limited is making the second and final call for the balance payment of partly paid shares. August 1, 2025, is the record date to determine the shareholders eligible for the final call notice. You can check the announcement from the company here.
As a result, the partly-paid shares of UPL Limited (UPLPP1) were suspended from trading on exchanges from August 1, 2025, and you are no longer able to see these holdings on Kite.
You can check the announcement from the company here.
| Event Schedule | |
|---|---|
| Payment | ā¹ 180.00 per share |
| Call Payment Period | 18 August 2025 - 01 September 2025 |
| Allotment & Listing | Within 2-3 weeks from the last date of payment |
How do I make the final call payment?
You can make the call payment via the following modes:
- Netbanking ASBA.
- Physical ASBA: Submitting a physical application form to SCSBās designated branch.
You can find the list of SCSB (Self Certified Syndicate Banks) here.
Since the first call amount wasnāt paid earlier, youāll now need to pay both the first call (Rs. 90 per share) and the second and final call (Rs. 180 per share) together, i.e. Rs. 270 per share. You can refer to the details in the Reminder cum Final Call Notice issued by the company here.
Thereās no option to pay online. The payment can only be made through a cheque or demand draft. Youāll need to fill out the payment slip and mention your cheque or DD issuing bank, branch, and date.
Make the cheque or DD in favour of:
-
UPL Limited ā Partly Paid-up Rights Share Second and Final Call Money Account ā R* (for resident shareholders).
-
UPL Limited ā Partly Paid-up Rights Share Second and Final Call Money Account ā NR* (for non-resident shareholders).
Submit the slip with the cheque or DD at any Axis Bank collection centre listed in the notice. If thatās not possible, send it by courier to the RTA:
MUFG Intime India Pvt. Ltd., Unit: UPL Limited, C-101, 1st Floor, 247 Park, LBS Marg, Vikhroli (W), Mumbai ā 400083.
Please make sure your payment reaches them before September 1, 2025. If you submit in person, the bank will stamp the acknowledgement slip. If you send it by courier, your courier receipt might serve as proof of submission. @aniket_jain
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Thereās no option to pay online. The payment can only be made through cheque or demand draft at an Axis Bank collection centre or by courier to the RTA. Itās mentioned in detail here.
If you choose not to pay the pending amount, your existing partly paid shares will be forfeited. They have already been suspended from trading and canāt be sold on Kite.
Only after the final call money is paid in full, the shares will be converted into fully paid shares, and once listed for trading, you can transact further. @Vikas_Satpute
Hi @nithin_kumrr,
Thank you for your accurate responses earlier. I have now received an email from UPL informing me that the option to make payments online via R-WAP has been enabled, which is great.
However, in my case, I had already made the payment for the first call reminder of ā¹90 per share in April. Therefore, I should only be required to pay for the remaining ā¹180 per share, which amounts to ā¹8,100 (180 Ć 45 shares).
But in the R-WAP application, the payable amount is shown as ā¹12,150 (270 Ć 45 shares), and the field is non-editable.
Could you please advise on how I should proceed in this situation?
Best regards,
Could yu verify this once again?
The Issue price is 360 per share.
- Application: 90
- 1st call: 90
- 2nd & final call: 180
The first 90 you paid was the application money at the time of allotment, not the first call. The first call of 90 per share came in April 2025. So by now, before the final call, a total of 180 per share should have been paid.
If youāve mistaken the application money as the first call, then the R-WAP showing Rs. 270 per share (90 first call + 180 final call) is correct.
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@nithin_kumrr yes you are correct as I was considering application money to the first call.
Thanks for clarification.
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Thanks. I was confused in same fashion as both are Rs 90!
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Hi @nithin_kumrr ,
I had 130 UPL shares and got the 32 PP1 shares post payment of required amount around January 2025. THis time on calling the 2nd payment, the money is refunded with the message that āRECORD NOT FOUND IN MASTERā. What does it mean? Did anyone also faced the same issue. What will happen to Partly Paid shares in this case, when money has been returned to saving account.
Also, I can see the PP1 shares in my holding on Console section of Zerodha account with LTP of 230rs, but not visible in holding home screen of zerodha Login. How i can exit the PP shares, if I want to?
Request if you can help on the above two issues.