UNITED BREWERIES LIMITED has informed the Exchange about Resignation of Statutory Auditor
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Deloitte Haskins & Sells has resigned as the statutory auditor of United Breweries Limited with immediate effect on August 7, 2025. The firm was originally appointed at the 23rd AGM in August 2022 and was scheduled to serve until the conclusion of the 28th AGM (around 2027), making this a midterm exit. The reason cited is that Heineken, UBL's ultimate parent company, has changed its own statutory auditor effective January 1, 2025, and UBL wants to align its auditors with the same network as Heineken's new auditors for better group-level coordination and audit efficiency. The auditor had completed the FY25 audit and Q1 FY26 limited review but had not yet started the FY26 audit. No concerns, disagreements, or governance issues were flagged in the resignation.
This is a routine, strategic change driven by UBL's parent Heineken's group-wide auditor alignment and is not indicative of any governance red flags. Short-term, it may create a brief transition gap before a new auditor is appointed, but it is unlikely to materially affect shareholders or the stock price.