United Breweries Limited has informed the Exchange regarding Notice of Postal Ballot
UBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
United Breweries Limited has issued a Postal Ballot notice to seek shareholder approval for appointing Messrs. B S R & Co. LLP, Chartered Accountants, as statutory auditors with effect from August 8, 2025, until the 27th AGM in 2026. They are replacing Messrs. Deloitte Haskins & Sells, who resigned following the 26th AGM held on August 7, 2025, creating a casual vacancy. The change is driven by UBL's ultimate parent HEINEKEN switching its group auditors to KPMG from January 1, 2025, prompting UBL to align with the same audit network for better group coordination. The proposed audit fee is ₹26.60 million (plus 3% technology/telecom costs, out-of-pocket expenses, and GST), with no material change from the outgoing auditor. Remote e-voting runs from August 20, 2025 to September 18, 2025, with a cut-off date of August 14, 2025.
This is a routine governance update aligning UBL's auditors with its parent HEINEKEN's group audit network, with no change in fee levels. Shareholders are being asked to approve the appointment via postal ballot; the move is unlikely to materially affect operations or stock price.