Integrated Filing-Governance



General information about company

Scrip Code 532478
NSE Symbol UBL
MSEI Symbol NOTLISTED
ISIN INE686F01025
Name of the entity UNITED BREWERIES LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity There is no acquisition of shares or voting rights in the unlisted company during the quarter ended March 31, 2026, in terms of SEBI Listing Regulations.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity The company has not granted or provided any Loans/Guarantees/Comfort Letters to the Promoter, Directors (including relatives), KMPs, or any other entity controlled by them during the quarter ended March 31, 2026, in terms of SEBI Listing Regulations.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID u00046
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination) Yes



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Jan Cornelis van der Liden 08743047 Non-Executive - Non Independent Director Not Applicable 25-Feb-1972 No Active No 01-Jun-2020 1 0 0 0 Textual Information(1)
2 Mr. Manu Anand 00396716 Non-Executive - Independent Director Not Applicable 20-Jul-1958 No Active No 29-May-2022 29-May-2022 46.03 2 2 2 0
3 Ms. Geetu Gidwani Verma 00696047 Non-Executive - Independent Director Not Applicable 09-Jun-1966 No Active No 29-May-2022 29-May-2022 46.03 1 1 1 0
4 Mr. Anand Kripalu 00118324 Non-Executive - Independent Director Chairperson 02-Oct-1958 No Active No 22-Feb-2023 22-Feb-2023 37.1 4 3 3 1
5 Mr. Subramaniam Somasundaram 01494407 Non-Executive - Independent Director Not Applicable 28-Nov-1960 No Active No 04-Jun-2023 04-Jun-2023 33.27 3 3 7 5
6 Mr. Vivek Gupta 10311134 Executive Director Not Applicable CEO-MD 17-Jun-1976 No Active NA 25-Sep-2023 1 0 1 0
7 Mr. Jorn Elimar Kersten 10643152 Executive Director Not Applicable 03-Oct-1979 No Active NA 01-Aug-2024 1 0 1 0
8 Ms. Yolanda Talamo 10704805 Non-Executive - Non Independent Director Not Applicable 19-Jun-1968 No Active No 01-Aug-2024 1 0 0 0 Textual Information(2)
9 Mr. Radovan Sikorsky 09684447 Non-Executive - Non Independent Director Not Applicable 22-Mar-1967 No Active No 01-Aug-2024 1 0 1 0
10 Mr. Ranjan Ramdas Pai 00863123 Non-Executive - Independent Director Not Applicable 11-Nov-1972 No Active No 24-Oct-2024 24-Oct-2024 17.08 2 2 0 0



Text Block
Textual Information(1) Foreign Director
Textual Information(2) Foreign Promoter



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01494407 Subramaniam Somasundaram Non-Executive - Independent Director Chairperson 04-Jun-2023
2 00396716 Manu Anand Non-Executive - Independent Director Member 13-Jun-2022
3 00118324 Anand Kripalu Non-Executive - Independent Director Member 10-Apr-2023
4 09684447 Radovan Sikorsky Non-Executive - Non Independent Director Member 01-Aug-2024



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00396716 Manu Anand Non-Executive - Independent Director Chairperson 13-Jun-2022
2 00696047 Geetu Gidwani Verma Non-Executive - Independent Director Member 13-Jun-2022
3 00118324 Anand Kripalu Non-Executive - Independent Director Member 01-Aug-2024
4 10704805 Yolanda Talamo Non-Executive - Non Independent Director Member 01-Aug-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00118324 Anand Kripalu Non-Executive - Independent Director Chairperson 10-Apr-2023
2 10311134 Vivek Gupta Executive Director Member 01-Aug-2024
3 00696047 Geetu Gidwani Verma Non-Executive - Independent Director Member 13-Jun-2022
4 10643152 Jorn Elimar Kersten Executive Director Member 01-Aug-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00396716 Manu Anand ID Chairperson 13-Jun-2022
2 08743047 Jan Cornelis van der Liden NED Member 01-Jun-2020
3 00696047 Geetu Gidwani Verma ID Member 13-Jun-2022
4 00118324 Anand Kripalu ID Member 10-Apr-2023
5 10311134 Vivek Gupta ED Member 19-Oct-2023
6 01494407 Subramaniam Somasundaram ID Member 19-Oct-2023
7 10643152 Jorn Elimar Kersten ED Member 01-Aug-2024



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 29-Oct-2025 Yes 10 8 4
2 10-Feb-2026 103 Yes 10 10 5



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 29-Oct-2025 Yes 4 4 3 0
2 Audit Committee 10-Feb-2026 103 Yes 4 4 3 0
3 Nomination and remuneration committee 28-Oct-2025 Yes 4 4 3 0
4 Nomination and remuneration committee 09-Feb-2026 103 Yes 4 4 3 0
5 Stakeholders Relationship Committee 28-Oct-2025 Yes 4 4 2 0
6 Stakeholders Relationship Committee 09-Feb-2026 103 Yes 4 4 2 0
7 Risk Management Committee 09-Feb-2026 Yes 7 5 3 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: The report for the quarter, which ended March 31, 2026, shall be placed before the Board of Directors at the next meeting of the Board. The report for the previous quarter ended December 31, 2025, was placed before the Board of Directors at their meeting on February 10, 2026.



Annexure 1
Sr Subject Compliance status
1 Name of signatory NIKHIL MALPANI
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.unitedbreweries.com/about-us
1.2 Memorandum of Association and Articles of Association Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Memorandum_of_Association_and_Articles_of_Association.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.unitedbreweries.com/about-us/leadership-team
2 Terms and conditions of appointment of independent directors Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/terms-of-appointment-of-independent-director.pdf
3 Composition of various committees of board of directors Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Composition_of_various_committees_of_Board_of_Directors.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Code_of_Business_Conduct_And_Ethics.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Whistle_Blower_Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Criteria_of_making_payments_to_non_executive_directors.pdf
7 Policy on dealing with related party transactions Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/policy_on_related_party_transactions_12022026.pdf
8 Policy for determining material subsidiaries Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Policy_for_Determining_Material_Subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Familiarization_Programme_2025.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.unitedbreweries.com/investors
11 Email address for grievance redressal and other relevant details Yes https://www.unitedbreweries.com/investors
12 Financial results Yes https://www.unitedbreweries.com/investors/results-reports-presentations
13 Shareholding pattern Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Shareholders_Handbook.pdf
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.unitedbreweries.com/investors/results-reports-presentations
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.unitedbreweries.com/investors/results-reports-presentations
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.unitedbreweries.com/investors/shareholder-information?category=481&op=Apply
18 Credit rating or revision in credit rating obtained Yes https://www.unitedbreweries.com/investors/shareholder-information?category=481&op=Apply
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.unitedbreweries.com/investors/results-reports-presentations
20 Secretarial compliance report Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/results-reports-webcasts-presentations/annual-report/Annual_Report_2024-2025.pdf
21 Materiality policy as per regulation 30 (4) Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/policy-on-determination-materiality-of-events-and-information.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/disclosure-on-key-managerial-personnel.pdf
23 Disclosures under regulation 30(8) Yes https://www.unitedbreweries.com/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://www.unitedbreweries.com/
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.unitedbreweries.com/sites/united-breweries/files/united-breweries/disclosure_under_regulation/Dividend_Distribution_Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.unitedbreweries.com/investors/results-reports-presentations
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.unitedbreweries.com/investors/disclosures-under-regulation-46-sebi-lodr-regulations-2015
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.unitedbreweries.com/investors/disclosures-under-regulation-46-sebi-lodr-regulations-2015
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory NIKHIL MALPANI
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory NIKHIL MALPANI
Designation of person Company Secretary and Compliance Officer
Place BENGALURU
Date 16-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 5
No. of investor complaints disposed off during the Quarter 5
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Office of the State Excise, Shivapuri Imposed a Penalty 08-Jan-2026 Revalidation of Permit of Excise There is no material impact on financial & operational activities - only Rs 10,000/-
2 Office of the Employees Provident Fund Imposed a Fine 14-Jan-2026 Short Entry of PF Contribution There is no material impact on financial & operational activities - only Rs 26/-
3 Office of the State Excise, Mysore Imposed a Penalty 14-Jan-2026 Revalidation of Permit of Excise There is no material impact on financial & operational activities only Rs 10,000/-
4 Office of the GST, Maharashtra Imposed a Penalty 22-Jan-2026 Updation of Brewery Address There is no material impact on financial & operational activities only Rs 1,00,000/-
5 Office of the State Excise, Andhra Pradesh Imposed a Penalty 31-Jan-2026 Short Supply against PERMIT There is no material impact on financial & operational activities only Rs 1,30,645/-
6 Office of the State Excise, Mysore Imposed a Penalty 31-Jan-2026 Revalidation of Permit of Excise There is no material impact on financial & operational activities only Rs 5,000/-
7 Office of the State Excise, Tamil Nadu Imposed a Penalty 31-Jan-2026 Revalidation of Permit of Excise, during July and October 2025 There is no material impact on financial & operational activities only Rs 59,805/-
8 Office of the State Excise, Tamil Nadu Imposed a Penalty 10-Feb-2026 Beer Yield for April 24 to May 25 There is no material impact on financial & operational activities only Rs 2,23,645/-
9 Office of the State Sales Tax, Delhi Imposed a Penalty 12-Feb-2026 Failure to attend the personal hearing and produce of record There is no material impact on financial & operational activities only Rs 50,000/-
10 Office of the State Excise, Shivapuri Imposed a Penalty 13-Feb-2026 Revalidation of Permit of Excise, delayed by more than 60 days There is no material impact on financial & operational activities - only Rs 10,000/-
11 Office of the Excise Aravali, Rajasthan Imposed a Penalty 19-Feb-2026 Shortage of yield contribution, due to change in calculation of yield, as per the new method imposed by the excise w.e.f. June 2025 There is no material impact on financial & operational activities - only Rs 3,17,775/-
12 Office of the Excise, Bhopal, Madhya Pradesh Imposed a Penalty 23-Feb-2026 Revalidation of Permit of Excise, delayed by more than 60 days There is no material impact on financial & operational activities - only Rs 25,000/-
13 Office of the State Excise, Tamil Nadu Imposed a Penalty 25-Feb-2026 Revalidation of Permit of Excise There is no material impact on financial & operational activities only Rs 2,450/-
14 Office of the State Excise, Karnataka Imposed a Penalty 27-Feb-2026 Revalidation of Permit of Excise There is no material impact on financial & operational activities only Rs 5,000/-
15 Office of the State Excise, Tamil Nadu Imposed a Penalty 28-Feb-2026 Short Supply against PERMIT There is no material impact on financial & operational activities only Rs 3,88,250/-
16 Office of the State Excise, Karnataka Imposed a Penalty 02-Mar-2026 Unscanned Cases There is no material impact on financial & operational activities only Rs 23,600/-
17 Office of the State Excise, Karnataka Imposed a Penalty 11-Mar-2026 Unscanned Cases There is no material impact on financial & operational activities only Rs 59,000/-
18 Office of the Employees Provident Fund Imposed a Fine 13-Mar-2026 Short Interest Charges There is no material impact on financial & operational activities - only Rs 35/-
19 Office of State Mandi, Haryana Imposed a Penalty 13-Mar-2026 Late filing of legal documents There is no material impact on financial & operational activities - only Rs 4,870/-
20 Office of State Excise, Jammu & Kashmir Imposed a Penalty 16-Mar-2026 Bottles without proper Label There is no material impact on financial & operational activities - only Rs 30,000/-
21 Office of the State Excise, Karnataka Imposed a Penalty 17-Mar-2026 Unscanned Cases There is no material impact on financial & operational activities only Rs 29,500/-
22 Office of the State Excise, Odisha Imposed a Penalty 18-Mar-2026 Additional Fees of Rs.3/- per bulk litre on removal of Beer from the Depot There is no material impact on financial & operational activities only Rs 4,19,177/-
23 Office of the State Excise, Maharashtra Imposed a Penalty 20-Mar-2026 Lifting of Short Cases of LP brand There is no material impact on financial & operational activities only Rs 9,66,450/-
24 Office of the State Excise, Maharashtra Imposed a Penalty 26-Mar-2026 Lifting of Short Cases of LP brand There is no material impact on financial & operational activities only Rs 6,18,000/-
25 Office of the State Excise, Karnataka Imposed a Fine 30-Mar-2026 Fine for breach of Rule of Excise There is no material impact on financial & operational activities only Rs 50,000/-
26 Office of the State Excise, Maharashtra Imposed a Penalty 30-Mar-2026 Not billed, 120 days of manufactured stocks of the LP brand with the Depot. There is no material impact on financial & operational activities only Rs 2,45,142/-


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Joint Commissioner of Income Tax, Special Range - 7, Bangalore 31-Mar-2016 An appeal was filed by the Income Tax Department before the Karnataka High Court for the AY 2012-13 on capital gains on the sale of treasury shares. Matter subjudice. Pending for hearing.
2 Joint Commissioner of Income Tax, Special Range - 7, Bangalore 30-Sep-2021 Pending with Jurisdictional Assessing Officer at the Income-Tax Bangalore for the AY 2014-15 towards consequential interest on demand and other miscellaneous issues Matter subjudice. Pending for hearing.
3 Joint Commissioner of Income Tax, Special Range - 7, Bangalore 30-Apr-2021 Pending with Jurisdictional Assessing Officer at the Income-Tax Bangalore for the AY 2016-17 on the matter of Disallowance of Advertising Expenses & Capitalisation of Sponsorship Expenses Matter subjudice. Pending for hearing.
4 Joint Commissioner of Income Tax, Special Range - 7, Bangalore 30-Apr-2021 Pending with Jurisdictional Assessing Officer at the Income-Tax Bangalore for the AY 2016-17 towards consequential interest on demand and other miscellaneous issues Matter subjudice. Pending for hearing.
5 Joint Commissioner of Income Tax, Special Range - 7, Bangalore 22-Apr-2021 Pending with Jurisdictional Assessing Officer at the Income-Tax Bangalore for the AY 2017-18 on the matter of Disallowance of Advertising Expenses & Capitalisation of Sponsorship Expenses Matter subjudice. Pending for hearing.
6 The Commercial Tax Department, Madhya Pradesh 28-Jan-2025 Appeal filed by Madhya Pradesh Commercial Tax Department with Supreme Court of India, for the FY 2009-10 to 2012-13, with respect to Mount Everest Breweries Limited CST demand on transfer of stock Matter subjudice. Pending for hearing.
7 Commissioner of Central Excise, Customs and Service Tax, Aurangabad, Maharashtra 30-Apr-2014 Appeal filed by Department against CESTAT order issued in favour of Millennium Beer Industries Limited (MBIL), Amalgamated into United Breweries Limited, with the Bombay High Court Bench at Aurangabad, Maharashtra for FY 2009-10 to 2011-12 on the Service Tax demand levied on the MBIL. Matter subjudice. Pending for hearing.
8 Additional Commissioner of Central Tax, Audit II, Commissionerate Bangalore 29-Sep-2023 Writ filed by the Company against the Show Cause Notice issued for the period July 2017 to March 2020, in the Karnataka High Court, Bangalore, regarding dispute on Cross Charge, Expat Salary etc. Matter subjudice. Pending for hearing.
9 Deputy Commissioner Sales Tax, Belapur, Raigad 31-Mar-2025 FY 2018-19, appeal filed with the Tribunal. FY 2019-20 & FY 2020-21, appeal filed with the First Appellate Authority for CST demand against Debit Note & Demand against Non-submission of Statutory Forms. Matter subjudice. Pending for hearing.
10 Deputy Commissioner state Tax ,Tax Payer Service Division , Pallakad -Kerala 03-Mar-2026 Sales Tax Deaprtment -Pallakad Issued Demand notice against Non Payment of TOT FY 2022-23, 2023-24 and 2024-25 Pending before Kerala High Court. Matter Subjudice.
11 Deputy Commissioner Sales Tax, Belapur, Raigad 31-Mar-2026 FY 2021-22 , Demand against Non-Submission of Statutory Forms . 30 Days for Filling rectificatin and 60 days for filling Appeal against demand
12 Commissioner of CGST & Central Excise Raigad 11-Mar-2026 Demand of GST on sale of leashold land and Classification issue in relation to Heineken 0.0 90 days for filing appeal before Commissioner (appeals)