New Delhi, March 16 -- UPL Limited's proposed restructuring will simplify its corporate structure, create focused pure-play businesses, and may unlock significant shareholder value, according to InGovern Research Services.

The restructuring plan, approved by the company's board in February 2026, seeks to consolidate UPL's global crop protection operations under a new listed entity - UPL Global - while streamlining the remaining businesses, focused Seeds (Advanta) and Specialty Chemicals platforms under a streamlined holding company structure.

The scheme, designed to be cash-neutral and value-neutral for shareholders, will use amalgamation, demerger, and merger to allocate proportional shares of UPL Global directly to existing shareholde...