Announcement under Regulation 30 SEBI LODR - Update

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

United Breweries Limited has received orders and demand notices from the Deputy Commissioner of State Tax, Palakkad, Kerala, under Section 17(3) of the Kerala General Sales Tax Act, 1963. The demand covers FY 2022-23 and 2023-24, alleging non-payment of turnover tax on beer sales. The total tax demand is Rs. 18.60 crore plus applicable interest. The orders were received on June 10, 2025.

Likely market impact

The company says it has already made adequate provisions in its books for this demand, so there should be no material impact on financials. It is also exploring legal remedies to challenge the orders. Shareholders are unlikely to see a meaningful effect from this disclosure.