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Spirits Limited532432UNITDSPRNOTLISTED2024-04-012025-03-31First half yearly2024-04-012024-09-30CrorestruetrueNANAfalsetrue2022-03-25https://media.diageo.com/diageo-corporate-media/media/1nbled1w/rpt-policy_april-2022.pdfUnited Spirits LimitedDiageo PlcParentAny other transactionManagement and technical consultancy charges30000000NA21000000700000General Points: 1. Transactions with related parties are carried out in the normal course of business and are generally on normal commercial terms. 2. Balances shown above are aggregated entity wise for all type of transactions. 3. Audit committee approval limits are annualized numbers. 4. All amounts disclosed in the RPT disclosure are rounded off to the nearest crores with two decimals. 5. Amount mentioned in columns opening balance and closing balance with “- “sign represents payable to the counterparty. 6. Certain employees of the Company are Directors / KMPs in subsidiaries/joint-ventures. The remuneration received by these employees are as employees of the Company and not as Director / KMP of the subsidiaries/ joint-ventures and hence, not treated as related party transactions. 7. Dividend paid is reported as gross amount. Audit committee approval is not applicable for final dividend paid by United Spirits Limited (“Company”). The final dividend was duly approved by the Board of directors and shareholders of the Company. (Sr No 2 & 20) 8. Audit committee approval is not applicable for the surplus received from PF trust & benefit trust; hence we have kept the audit committee approval limits as zero. (Sr No 21 & 22) 9. Initial Investment made in joint ventures are reported as related party transactions considering those are related parties from the date of investment. (Sr No 23 to 25) 10. Audit committee approval for sitting fee and commission is aggregating to INR 1.50 crores and INR 4 crores respectively for all independent directors. (Sr No 30 to 43) 11. Audit committee approval is not applicable for transactions in Royal Challengers Sports Private Limited (RCSPL), hence we have kept the audit committee approval limits as zero for all the RCSPL transactions. (Sr No 44 to 49)United Spirits LimitedDiageo Relay BVHolding companyDividend paid0NA203220000000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionManagement and technical consultancy charges80000000NA302000002490000013500000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionAdvertisement, selling and promotion expenses200000000NA29000000-350000000United Spirits LimitedRoyal Challengers Sports Private LimitedSubsidiaryAny other transactionIPL and WPL match tickets for RCB home games and event tickets for RCB Unbox50000000NA900000000United Spirits LimitedUDV Kenya LimitedFellow subsidiaryAny other transactionRoyalty income10000000NA5000006000001100000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionCross charge towards salary recharges10000000NA180000093000002200000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionManagement and technical consultancy charges30000000NA130000000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionCross charge - towards share based payments/ employee benefit expenses150000000NA490000000Audit committee approval for cross charge towards share based payments is aggregating to INR 15 crores for Diageo Great Britain or Diageo PlcUnited Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionInformation technology expenses420000000NA215900000-90000000-303600000United Spirits LimitedDiageo Great Britain LimitedFellow subsidiaryAny other transactionReimbursement of expenses paid to100000000NA4750000000United Spirits LimitedDiageo Scotland LimitedFellow subsidiaryAny other transactionCross charge towards salary recharges20000000NA7000000-8900000600000United Spirits LimitedDiageo Mexico Comercializadora S.A. de C.V.Fellow subsidiaryAny other transactionReimbursement of expenses from30000000NA1460000005200000United Spirits LimitedDiageo Korea Co. LtdFellow subsidiaryAny other transactionReimbursement of expenses from90000000NA22600000022600000Audit committee approval for Reimbursement of expenses is aggregating to INR 9 crores for Diageo Korea Co. Ltd and Diageo Japan K.KUnited Spirits LimitedDiageo Brands BVFellow subsidiaryPurchase of goods or services12470000000NA4163100000-2075800000-2473200000Purchase of goods or services consists of Bottled-in-Origin(BIO) products and Bulk scotchUnited Spirits LimitedDiageo North America IncFellow subsidiaryAny other transactionRoyalty expense180000000NA48200000-50000000-45100000United Spirits LimitedDiageo North America IncFellow subsidiaryAny other transactionReimbursement of expenses paid to30000000NA20000000United Spirits LimitedDiageo Business Service India Private LimitedFellow subsidiaryAny other transactionProfessional charges222000000NA89300000-47400000-47800000United Spirits LimitedDiageo Business Service India Private LimitedFellow subsidiaryAny other transactionInformation technology expenses50000000NA570000000United Spirits LimitedUSL Benefit TrustControlled trustDividend paid0NA8650000000United Spirits LimitedUSL Benefit TrustControlled trustAny other transactionSurplus received from benefit trust0NA18380000000Surplus received from USL benefit trust pertains to dividend & interest income earned by the benefit trustUnited Spirits LimitedMcDowell and Company Limited Employee provident fundEmployee benefits - PF TrustAny other transactionSurplus received from PF trust0NA350000000United Spirits LimitedInspired Hospitality Private LimitedJoint VentureInvestment56500000NA5650000000United Spirits LimitedV9 Beverages Private LimitedJoint VentureInvestment22900000NA2290000000United Spirits LimitedIndie Brews and Spirits Private limitedJoint VentureInvestment50000000NA5000000000United Spirits LimitedDiageo Scotland LimitedFellow subsidiaryAny other transactionMinimum offtake commitment for purchase of bulk scotch0NA1241100000000Minimum offtake commitment for purchase of bulk scotch consists of multi-year commitmentUnited Spirits LimitedHina NagarajanManaging Director and CEORemuneration210100000NA13120000000United Spirits LimitedPradeep JainChief Financial Officer and Executive DirectorRemuneration57600000NA3070000000United Spirits LimitedMital SanghviCompany SecretaryRemuneration22600000NA1240000000United Spirits LimitedMahendra Kumar SharmaNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA60000000United Spirits LimitedV K ViswanathanNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA80000000United Spirits LimitedDr. Indu ShahaniNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA70000000United Spirits LimitedD SivanandhanNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA60000000United Spirits LimitedRajeev GuptaNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA20000000United Spirits LimitedDr. Indu BhushanNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA50000000United Spirits LimitedMukesh ButaniNon-executive/ Independent DirectorAny other transactionSitting fee15000000NA50000000United Spirits LimitedMahendra Kumar SharmaNon-executive/ Independent DirectorAny other transactionCommission40000000NA260000000United Spirits LimitedV K ViswanathanNon-executive/ Independent DirectorAny other transactionCommission40000000NA220000000United Spirits LimitedDr. Indu ShahaniNon-executive/ Independent DirectorAny other transactionCommission40000000NA230000000United Spirits LimitedD SivanandhanNon-executive/ Independent DirectorAny other transactionCommission40000000NA220000000United Spirits LimitedRajeev GuptaNon-executive/ Independent DirectorAny other transactionCommission40000000NA200000000United Spirits LimitedDr. Indu BhushanNon-executive/ Independent DirectorAny other transactionCommission40000000NA230000000United Spirits LimitedMukesh ButaniNon-executive/ Independent DirectorAny other transactionCommission40000000NA230000000Royal Challengers Sports Private LimitedV K ViswanathanNon-executive/ Independent DirectorAny other transactionSitting fee0NA10000000Royal Challengers Sports Private LimitedDiageo Business Service India Private LimitedFellow subsidiaryAny other transactionProfessional charges0NA1800000-900000-700000Royal Challengers Sports Private LimitedRajesh MenonDirectorAny other transactionCommission0NA60000000Royal Challengers Sports Private LimitedPrathmesh MishraDirectorAny other transactionCommission0NA280000000Royal Challengers Sports Private LimitedRajesh MenonDirectorAny other transactionPerquisite - Issue of tickets0NA70000000Royal Challengers Sports Private LimitedPrathmesh MishraDirectorAny other transactionPerquisite - Issue of tickets0NA22000000019741600000