UPL Ltd.

United Phosphorus has received an approval whereby the High Court of Gujarat, vide its order dated December 20, 2011 and January 13, 2012; has sanctioned the scheme of amalgamation of company's overseas subsidiary - United Phosphorus (Mauritius) with itself effective from July 01, 2011.

United Phosphorus is the largest Indian agrochemical company and is engaged in research, manufacturing, selling and distribution of agrochemicals and specialty chemicals across the globe.

The company’s net profit after tax for the quarter tumbled 55.52% at Rs 36.19 crore as compared to Rs 81.36 crore for the quarter ended September 30, 2010. Total income has increased by 20.46% to Rs 929.07 crore for the quarter under review from Rs 771.28 crore for the similar quarter of the previous year.