United Breweries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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UBL · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹1625.00

prior close

₹1622.10

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.2% vs market

Breweries & Distilleries peers, median of 24sector-0.9%+0.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 0.1 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-1.5

15m

-1.4

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.4-1.2-0.9+0.1

Next day

-1.4+0.7-2.1-0.2-1.2

-0.8+1.3-2.1+0.0-0.8

-1.4-0.3-1.0-1.0-0.3

-1.2+0.2-1.4-1.5+0.3

-0.3-0.0-0.3-0.6+0.3

-2.3+0.3-2.6-3.0+0.8

15d

+4.3-3.7+7.9-5.7+9.9

-0.6-7.9+7.3-10.1+9.5

-10.2-0.5-9.7-1.3-8.9

-16.7+1.5-18.2-4.4-12.3

UpDownMarket · Nifty Midcap 150Sector · Breweries & Distilleries peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

United Breweries Limited informed the exchanges that the Income Tax Department's National Faceless Assessment Centre (NFAC) has passed a fresh assessment order in the case of the UBL Gratuity Trust for Assessment Year 2022-23. The original tax demand of about ₹102.44 crore (INR 1,024,400,466) has been substantially reduced to about ₹3.21 crore (INR 3,21,09,412), comprising tax of ₹2.18 crore and interest of ₹1.03 crore. The reduction follows a Karnataka High Court order that remanded the matter back to NFAC for fresh consideration. The Trust has stated it has strong grounds to contest the remaining demand and plans to file an appeal before the Commissioner of Income Tax (Appeals).

Likely market impact

This is a positive development for United Breweries and its shareholders, as the tax liability exposure for the UBL Gratuity Trust has dropped by roughly 97% from over ₹102 crore to around ₹3.21 crore, significantly lowering the contingent liability on the books. The remaining small demand is being appealed, and the final outcome will depend on the CIT(A) ruling.