Announced Thu, 2 Jul · 16:45 IST
UBL gets Rs 116.25 cr demand notice from Patiala Market Committee over barley fees
Regulatory & Legal View source PDF
UBL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹1349.00
prior close
₹1364.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.5-0.8-0.7+1.5+0.8-1.7-1.6-1.4-0.1+3.6———
Up moveDown movePending
AI summary
United Breweries received a demand notice of about Rs 116.25 crore from the Market Committee, Patiala for unpaid market fee and Rural Development Fund on barley purchases between April 2020 and March 2026. The demand includes Rs 9.35 cr market fee, Rs 93.46 cr penalty, Rs 9.35 cr RDF and Rs 4.10 cr interest. UBL plans to challenge the order, calling it arbitrary and factually and legally incorrect.
Likely market impact
Demand of about Rs 116.25 cr is sizeable but UBL will contest it. Outcome uncertain; financial hit may be limited if challenge succeeds.