United Breweries LimitedNSE: UBL

Change in Statutory Auditors

· Issued by United Breweries Limited

‌August 07, 2025

To,

BSE Limited National Stock Exchange of India Limited

Scrip Code: 532478 Symbol: UBL

Dear Sirs,

Sub: Outcome of the Board Meeting - Change in Statutory Auditors

We wish to inform that the Board of Directors of the Company at its meeting held today, i.e., Thursday, August 07, 2025, inter alia, has acknowledged and noted resignation of Messrs. Deloitte Haskins C Sells, Chartered Accountants (Firm Registration Number 008072S) ('Deloitte'), which was submitted following the conclusion of the 26th Annual General Meeting ('AGM') of the Company held earlier during the day.

The Company's ultimate holding company, Heineken has approved a change in its statutory auditor, effective January 1, 2025. In light of this, the Company considers it prudent to align its own auditors with those from the same network as the ultimate holding company's appointed auditors. This alignment is expected to enhance coordination with the group auditors and drive efficiencies in the audit process, given the Company's relative materiality within the Heineken Group.

Accordingly, Deloitte holds the office of Statutory Auditors of the Company until the conclusion of 26th AGM. The Board placed on record their appreciation for the services provided by Deloitte during their tenure as the Statutory Auditors of the Company.

Further, pursuant to Section 139(8) of the Companies Act, 2013 and based on the recommendation of the Audit Committee and subject to the approval of the Members of the Company, the Board of the Company at its meeting held today, approved the appointment of Messrs. B S R C Co. LLP, Chartered Accountants (Firm Registration Number 101248W/W-100022) as the Statutory Auditors of the Company with effect from August 08, 2025 till the conclusion of next AGM i.e. 27th AGM to be held in the year 2026.

The Company shall seek approval from Members of the Company in due course and within prescribed timelines, in accordance with the provisions of the Companies Act, 2013.

Post the conclusion of the 26th AGM at 02.35 p.m. [IST] held today, the said Board meeting commenced at

03.40 p.m. [IST] and concluded at 04.00 p.m. [IST]

The requisite details arising out of resignation and appointment of Statutory Auditors under Regulation 30 read with Para A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, are stated in Annexure - I and II respectively.

The aforesaid information will also be available on the website of the Company at https://www.unitedbreweries.com You are requested to take the same on your record.

Thanking you,

For UNITED BREWERIES LIMITED



Nikhil Malpani

Digitally signed by Nikhil Malpani Date: 2025.08.07 18:21:02 +05'30'

NIKHIL MALPANI

Company Secretary C Compliance Officer Encl: As above

Annexure-I

Resignation of Statutory Auditors

Sl.

No.

Particulars

Details

1.

Name of the Auditors

Messrs. Deloitte Haskins C Sells, Chartered Accountants

[Firm Registration Number: 008072S]

2.

Reason for change viz. appointment, re-appointment, resignation, removal, death, or otherwise

Resignation.

Resignation letter dated August 07, 2025 along with detailed reasons is annexed as Annexure I (A)

3.

Date of appointment/re-appointment/cessation (as applicable) C term of appointment/ re-appointment

Post the conclusion of the Annual General Meeting held earlier during the day i.e. Thursday, August 07, 2025

4.

Brief Profile (in case of

appointment)

Not Applicable

5.

Disclosure of relationship between directors (in case of appointment of a director)

Not Applicable

Annexure-II

Appointment of Statutory Auditors

Sl.

No.

Particulars

Details

1.

Name of the Auditors

Messrs. B S R C Co. LLP, Chartered Accountants

[Firm Registration Number: 101248W/W-100022]

2.

Reason for change viz. appointment, re-appointment,

resignation, removal, death, or otherwise

Appointment caused by resignation of Messrs. Deloitte Haskins C Sells, Chartered Accountants - Casual Vacancy

3.

Date of appointment/re-appointment/cessation (as applicable)C term of appointment/ re-appointment

With effect from August 08, 2025, up to the date of conclusion of the 27th Annual General Meeting to be held in the year 2026

4.

Brief Profile (in case of appointment)

B S R C Co. ('the firm ') was constituted on 27 March 1990 as a partnership firm having firm registration no. as 101248W. It was converted into Limited Liability Partnership i.e. B S R C Co. LLP on 14 October 2013 thereby having a new firm registration no. 101248W/W-1 00022. The registered office of the firm is at 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Centre, Western Express Highway, Goregaon (East), Mumbai- 400063.

B S R C Co. LLP is a member entity of B S R C Affiliates, a network registered with the Institute of Chartered Accountants of India.

B S R C Co. LLP is registered in Mumbai, Gurgaon, Bangalore, Kolkata, Hyderabad, Pune, Chennai, Chandigarh, Ahmedabad, Vadodara, Noida, Jaipur, Gandhinagar and Kochi.

B S R C Co. LLP has over 4000 staff, 140+ Partners.

B S R C Co. LLP audits various companies listed on stock exchanges in India including companies in the consumer markets sector.

5.

Disclosure of relationship between directors (in case of appointment of a director)

Not Applicable

‌Deloitte

Haskins & Sells

Annexure 1(A)

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, Hig h Grounds Bengaluru - 560 00 1 Karnataka, India

Tel: +9 1 80 6188 6000

Fax: +9 1 80 6188 60 11

August 7, 2025

To

The Audit Committee

United Breweries Limited UB Tower, UB City,

24, Vittal Mallya Road,

Bangalore, Karnataka, India, 560001

Subject: Resignation as Statutory Auditors of United Breweries Limited ("the Company")

We were appointed as statutory auditors of the Company to hold office from the conclusion of the 23" Annual General Meeting held on August 10, 2022, till the conclusion of the 28'^ Annual General Meeting of the Company i.e., for a period of 5 years commencing from financial year April 1, 2022, to financial year ending March 31, 2027.

We have completed the statutory audit of financial statements of the Company for the year ended March 31, 2025, and have issued our audit report dated May 07, 2025. We have completed the limited review of the Company's financial results for the quarter ended June 30, 2025 [in accordance with the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015] and have issued review report date July 22, 2025. We have not commenced the statutory audit of the Company's Financial Statements for the year ending March 31, 2026.

We have received a letter dated August 7, 2025 from Mr. Jorn Kersten, Chief Financial Officer of the Company, communicating that the Board of Directors of Heineken N.V., the Company's ultimate Holding Company has approved a change in their statutory auditor effective from January 01, 2025. Pursuant to this, the Company believes it is prudent to align it's auditors with those affiliated to the same netwo rk as those appointed by the ultimate Holding Company. The Company expects such alignment to help with the coordination with the group auditors and bring efficiencies in the audit process, given the relative material size of the Company among other entities within the Heineken group.

In view of this, we are tendering our resignation as statutory auditors of the Company with immediate effect.

We thank you for the cooperation and courtesies extended to us during our term as statutory audito rs of the Company.



Please find attached in Annexure A the information to be obtained by the Company from the audito rs of listed entities and their material subsidiaries for the resignation as required by SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Kindly acknowledge the receipt of this letter.

Yours sincerely,

For Deloitte Haskins & Sefs

Chartered Accountants

(Firm's Registration No. 008072S)



Gurvinder Singh

Partner

(Membership No. 110128)

Date: August 7, 2025 Place: Bengaluru

Annexure A

Format of information to be obtained from the statutory auditor upon resignation'

1

Name of the listed entity/material subsidiary

United Breweries Limited (referred to as "the Company")

2

Details of the statutory auditor:

a

Name

Deloitte Haskins & Sells

Firm's Registration No. 008072S

b

Address

Prestige Trade Tower, Level 19

46, Palace Road, High Grounds, Bengaluru - 560 001

Karnataka, India

c

Phone number

+91 80 6188 6000

d

Email

gusingh@deloitte.com

3

Details of association with the listed

entity/material subsidiary:

See below

a

Date on which statutory auditor was appointed

At 23'° Annual General Meeting held on

August 1 0, 2022

b

Date on which the term of the statutory auditor

was scheduled to eKpire

Conclusion of 28" Annual General Meeting



Prior to resignation, the latest audit report/limited

review report submitted by the auditor and date of its submission

Audit of the financial statements for the

year ended March 31, 2025, vide au dit report dated May 7, 2025.

Limited Review of the financial results for the quarter ended June 30, 2025, vide limited review report dated July 22, 2025

4

Detailed reaso ns for resignation

Refer our resignation letter dated August 7,

2025

5

In case of any concerns, efforts made by the

auditor prior to resignation (including approaching the Audit Committee/Board of Directors along with the date of communication made to the Audit Committee/Board of Directors)

None



6

In case the information requested by the auditor

was not provided, then following shall be disclosed:

Not Applicable

a

Whether the inability to obtain sufficient

appropriate audit evidence was due to a management-imposed limitation or circumstances beyond the control of the management

b

Whether the lack of information would have

significant impact on the financial statements/results



Whether the auditor has performed alternative

procedures to obtain appropriate evidence for the purposes of audit/limited review as laid down in SA 705 (Revised)

d

Whether the lack of information was prevalent in

the previous reported financial statements/results. If yes, on what basis the previous audit/limited review reports were issued

7

Any other facts relevant to the resignation:

None

'This Annexure A forms part of the etter of resignation as statutory auditors dated August 7, 2025 from Deloitte Haskins & Sells (Firm's Registration No. 008072S) to United Breweries Limited

Declaration

  1. We hereby confirm that the information given in this letter and its attachments is correct and complete.

  2. We hereby confirm that there is no other material reason other than those provided above for the resignation of my firm.

For Deloitte Haskins & Sells Chartered Accountants

(Fir No. 008072S)

Gurvinder Singh

Partner

(Membership No. 110128)

Date: August 7, 2025 Place: Bengaluru