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UPL settles auditor appointment case with Sebi

10 May 2022 Evaluate

UPL has settled with the capital markets regulator, the Securities and Exchange Board of India (Sebi), a case pertaining to alleged failure to modify the terms of appointment of the auditor of its subsidiary. The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges.

UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.

Peers
Company Name CMP
UPL 527.80
PI Industries 1728.55
Bayer CropScience 3289.50
Sharda Cropchem 671.75
Sumitomo Chem. India 322.70
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