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Spirits Limited532432MCDOWELL-NNOTLISTED2023-04-012024-03-31Second half yearly2023-10-012024-03-31CrorestruetrueNANAfalseUnited Spirits LimitedUDV Kenya LtdFellow subsidiarySale of goods or services4000000NA6000007000000600000<DIV >
<DIV>
<P class=MsoNormal style="MARGIN: 0cm 0cm 8pt"><FONT face=Calibri><B><U><SPAN lang=EN-US>General Points</SPAN></U></B><SPAN lang=EN-US>:<?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 8pt"><SPAN lang=EN-US><FONT face=Calibri>1. Transactions with related parties are carried out in the normal course of business and are generally on normal commercial terms.<SPAN style="mso-tab-count: 9"> </SPAN><o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 8pt"><SPAN lang=EN-US><FONT face=Calibri>2. Balances shown above are aggregated entity wise for all type of transactions.<SPAN style="mso-tab-count: 5"> </SPAN><SPAN style="mso-tab-count: 11"> </SPAN><o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 8pt"><SPAN lang=EN-US><FONT face=Calibri>3.Audit committee approval limits are annualized numbers.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 8pt"><SPAN lang=EN-US><o:p><FONT face=Calibri> </FONT></o:p></SPAN></P>
<P class=MsoListParagraphCxSpFirst style="MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt; mso-add-space: auto; mso-list: l0 level1 lfo1"><SPAN lang=EN-US style="mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin"><SPAN style="mso-list: Ignore"><FONT face=Calibri>4.</FONT><SPAN style='FONT: 7pt "Times New Roman"'> </SPAN></SPAN></SPAN><SPAN lang=EN-US><FONT face=Calibri>Audit committee approval is not applicable for Contribution to employee benefit plans and Shortfall against liability to be funded by Company to PF trust for transition. Further during the H1 company has transferred existing McDowell and Company Limited Employees Provident Fund balance to fund managed by Employees' Provident Fund Organisation (EPFO)."<o:p></o:p></FONT></SPAN></P>
<P class=MsoListParagraphCxSpLast style="MARGIN: 0cm 0cm 8pt 18pt; mso-add-space: auto"><SPAN lang=EN-US><o:p><FONT face=Calibri> </FONT></o:p></SPAN></P><SPAN lang=EN-US style='FONT-SIZE: 11pt; FONT-FAMILY: "Calibri",sans-serif; LINE-HEIGHT: 107%; mso-fareast-font-family: DengXian; mso-fareast-theme-font: minor-fareast; mso-bidi-font-family: "Cordia New"; mso-bidi-theme-font: minor-bidi; mso-bidi-font-size: 14.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: TH'>5. Certain employees of the Company are Directors / KMPs in<SPAN style="mso-spacerun: yes"> </SPAN>subsidiaries. The remuneration received by these employees are as employees of the Company and not as Director / KMP of the Subsidiaries and hence, not treated as RPT.</SPAN></DIV></DIV>United Spirits LimitedDiageo Brands BVFellow subsidiaryPurchase of goods or services5750000000NA1789800000-3488000000-2075760000United Spirits LimitedDiageo Brands BVFellow subsidiaryAny other transactionPurchase of stock-in-trade from9080000000NA225380000000United Spirits LimitedDiageo Brands BVFellow subsidiaryAny other transactionReimbursement of expenses from30000000NA960000000United Spirits LimitedDiageo North America Inc.Fellow subsidiaryAny other transactionRoyalty expense180000000NA47600000-44000000-50000000United Spirits LimitedDiageo North America Inc.Fellow subsidiaryAny other transactionReimbursement of expenses paid to30000000NA660000000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionCross Charge – towards share based payments/ employee benefits expense200000000NA2700000000<DIV >
<DIV>Audit committee approval for cross charge towards shared based payment is aggregating to INR 20 crore for Diageo Great Britain and Diageo Plc</DIV></DIV>United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionInformation Technology expenses342600000NA139400000-24000000-90000000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionReimbursement of expenses from30000000NA1130000009300000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionReimbursement of expenses paid to40000000NA2810000000United Spirits LimitedDiageo Business Service India Private LimitedFellow subsidiaryAny other transactionInformation Technology expenses49000000NA540000000United Spirits LimitedDiageo Business Service India Private LimitedFellow subsidiaryAny other transactionProfessional charges268000000NA75900000-49000000-47400000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionReimbursement of expenses from100000000NA234000002800000024870000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionAdvertisement, selling and promotion expenses200000000NA32300000-3000000-35000000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionIPL and WPL match tickets for RCB home games and event tickets for RCB Unbox80000000NA1490000000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionAvailing service from service providers over RCSPL’s e-platform (Hustle by RCB)5000000NA360000000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryDividend receivedNA124900000000<DIV >
<DIV>Dividend paid and received is reported as gross amount.</DIV></DIV>United Spirits LimitedDiageo Plc.ParentAny other transactionReimbursement of expenses from230000000NA4790000000<DIV >
<DIV>
<DIV>Audit committee approval for cross charge towards shared based payment is aggregating to INR 20 crore for Diageo Great Britain and Diageo Plc.</DIV>
<DIV> </DIV>
<DIV>Audit committee approval for Diageo Plc is for cross charge towards share based payment and rendering of management and technical consultancy services </DIV></DIV></DIV>United Spirits LimitedDiageo Scotland LimitedFellow subsidiaryAny other transactionReimbursement of expenses from30000000NA1780000010000001100000United Spirits LimitedDiageo Scotland LimitedFellow subsidiaryAny other transactionReimbursement of expenses paid to30000000NA9500000010000000United Spirits LimitedDiageo MexicoFellow subsidiaryAny other transactionReimbursement of expenses from20000000NA1320000000United Spirits LimitedDiageo America Supply INCFellow subsidiaryAny other transactionReimbursement of expenses from10000000NA100000000United Spirits LimitedDiageo Relay B VHolding companyAny other transactionDividend Paid toNA162580000000<DIV >
<DIV>
<DIV>Dividend paid and received is reported as gross amount.</DIV></DIV></DIV>United Spirits LimitedUSL Benefit Trust IndiaBenefit TrustAny other transactionDividend Paid toNA6920000000<DIV >
<DIV>
<DIV>Dividend paid and received is reported as gross amount.</DIV></DIV></DIV>United Spirits LimitedUnited Spirits Superannuation FundEmployee benefits planAny other transactionContribution to employee benefit plansNA810000000United Spirits LimitedHina NagarajanManging Director & CEORemuneration350000000NA2993000000United Spirits LimitedPradeep JainChief Financial Officer & Executive DirectorRemuneration100000000NA1250000000United Spirits LimitedMahendra Kumar SharmaNon-executive/ Independent DirectorsAny other transactionSitting Fee10000000NA35000000<DIV >
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV>United Spirits LimitedV K ViswanathanNon-executive/ Independent DirectorsAny other transactionSitting Fee10000000NA38000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedDr. Indu ShahaniNon-executive/ Independent DirectorsAny other transactionSitting Fee10000000NA32000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedD SivanandhanNon-executive/ Independent DirectorsAny other transactionSitting Fee10000000NA32000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedRajeev GuptaNon-executive/ Independent DirectorsAny other transactionSitting Fee10000000NA30000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedMahendra Kumar SharmaNon-executive/ Independent DirectorsAny other transactionCommission40000000NA520000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedV K ViswanathanNon-executive/ Independent DirectorsAny other transactionCommission40000000NA440000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedDr. Indu ShahaniNon-executive/ Independent DirectorsAny other transactionCommission40000000NA450000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedD SivanandhanNon-executive/ Independent DirectorsAny other transactionCommission40000000NA440000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedRajeev GuptaNon-executive/ Independent DirectorsAny other transactionCommission40000000NA400000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedDr Indhu BhushanNon-executive/ Independent DirectorsAny other transactionCommission40000000NA40000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedMr Mukesh ButaniNon-executive/ Independent DirectorsAny other transactionCommission40000000NA40000000<DIV >
<DIV>
<DIV>Audit committee approval for sitting fees and commission is aggregating to INR 1 cr and 4 cr respectively for all Independent directors</DIV></DIV></DIV>United Spirits LimitedDiageo Scotland LimitedFellow subsidiaryAny other transactionMinimum offtake commitment for purchase of bulk scotch57500000000NA123000000000United Spirits LimitedMital SanghviCompany SecretaryRemuneration20000000NA610000000