June 11, 2025
To,
BSE Limited National Stock Exchange of India Limited
Scrip Code: 532478 Scrip Code: UBL
Dear Sir,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
In compliance with Regulation 30 read with Para A (20) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025, we wish to inform that the Company has received orders and demand notices from the Kerala State Goods & Services Tax Department, Palakkad, details of which are enclosed as Annexure.
The same is for your records. Thanking you,
For UNITED BREWERIES LIMITED
Nikhil Malpani
Digitally signed by Nikhil Malpani Date: 2025.06.11 13:17:57 +05'30'
NIKHIL MALPANI
Company Secretary & Compliance Officer Encl: as above
Annexure
S. No. | Particulars | Description |
1. | Name of the authority | Deputy Commissioner of State Tax, Taxpayer Services Division, State GST Department, Palakkad, Kerala |
2. | Nature and details of the action(s) taken or order(s) passed. | The orders have been passed under Section 17(3) of the Kerala General Sales Tax Act, 1963, for the FY 2022-23 & 2023-24 with a total tax demand of Rs. 18,60,45,394 plus applicable interest |
3. | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | June 10, 2025 |
4. | Details of the violation(s) / contravention(s) committed or alleged to be committed | Demand raised alleging non-payment of turnover tax on the sale of beer |
5. | Impact on financial, operation, or other activities of the listed entity, quantifiable in monetary terms to the extent possible | The Company has made adequate provision in the financials for the above demand, hence it will not have any material impact. The Company is exploring appropriate legal remedies against the said orders. |
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