United Breweries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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On the reaction day the stock moved 6.9 pts less than Nifty Midcap 150 and 7.6 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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United Breweries Limited has disclosed receiving an Order from the Deputy Commissioner of State Tax, Maharashtra State VAT Department, dated March 30, 2026, and received on April 1, 2026. The demand totals ₹22,50,12,884 (approximately ₹22.5 crore), comprising additional tax of ₹9.66 crore, interest of ₹10.43 crore, and penalty of ₹2.41 crore for FY 2021-22. The dispute relates to non-submission of C & F declaration forms for concessional rate of tax under Section 9(2) of the Central Sales Tax Act, 1956. The company states it has a strong case to defend and does not expect any material financial impact, except for a minimal statutory pre-deposit required for appeal. The company is evaluating the appropriate course of action.
The tax demand of ₹22.5 crore could create a contingent liability if the company's appeal is unsuccessful, though management believes it has a defensible position. Any adverse outcome may have a modest negative impact on financials, while a favorable resolution would remove this cloud.