United Spirits Ltd

Resignation of SMP Nimish Shah

• Nimish Shah, EVP and Financial Controller, resigns effective 12 Oct 2026 to pursue opportunities outside.

United Spirits Limited trading window will remain closed from Thursday, 1st October 2026 till 48 hours after the declaration of financial results for the quarter ending 30th September 2026.

NSPL investment completion

• United Spirits completed its NSPL investment, subscribing to 17,350 CCPS and 10 equity shares for INR 2.69 crore.
• The stake is 10.08% on a fully diluted basis; no related-party interest.
• Rights include one director and an observer on NSPL's board, plus tag-along/drag-along protections.
• NSPL turnover INR 0.38 crore; net worth negative INR 0.15 crore as of 31 Mar 2025.
• NSPL's product focus includes Soju and Limoncello; aligns with premium craft beverage strategy.

Meeting Details

• JPMorgan India Conference scheduled for 21–22 September 2026; group and one-to-one meetings.
• Anand Rathi Annual Flagship Conference, G-200 Summit 2026.

Participants

• Company representatives (management) to participate in JPMorgan India Conference.
• Company representatives (management) to participate in Anand Rathi G-200 Summit 2026.

ESG rating update

• ESG rating for 2026: score 75, up from 73 in 2025.
• Provider: NSE Sustainability Ratings and Analytics Limited, SEBI Category 1 ESG rating provider.
• Rating determined independently from public disclosures; company did not engage provider.
• Classification: Leader; rating will be published on the company website.
• No direct financial impact disclosed.

Meeting Details

• Dates: 10–11 September 2026; times not specified.
• Meeting type: Group & One-To-One; mode not specified.
• Event: 22nd UBS India Summit 2026.
• Key participants: United Spirits Limited representatives (no individual names provided).
• Purpose: investor conference participation.
• Recording/presentation: no information provided.

Meeting Details

• Dates: 31 Aug 2026 to 3 Sep 2026
• Meeting type: Group & One-to-One
• Event/organiser: Ashwamedh – Elara India Dialogue 2026

Participants

• Company Secretary and Compliance Officer will represent United Spirits

Purpose

• Purpose: participate in investor conference and engage in investor discussions

FSSAI Revocation Update

• FSSAI revoked the 29 July 2026 order on identified whisky products.
• Revocation concerns whisky products produced at third-party Madhya Pradesh unit.
• Order received by company on 20 August 2026 around 23:50 IST.
• There is no material financial or operational impact.
• Earlier intimation dated 5 August 2026 referenced this matter.

Regulatory update

• FSSAI revoked the 29 June 2026 order on sale of a Baramati unit product.
• Revocation Order dated 17 August 2026; receipt on 18 August 2026.
• No material operational or financial impact reported from the Revocation Order.
• Company filed a High Court Writ Petition challenging the 29 June 2026 order on 1 August 2026.
• Matter is sub judice before the Bombay High Court.
• Industry associations CIABC and ISWAI are involved in related discussions.
• Company continues to monitor the matter; no current financial implications.