Diageo Relay B.V. (formerly Relay B.V.) has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Diageo Relay B.V., the controlling promoter of United Spirits Limited, has filed a declaration confirming that neither it nor any persons acting in concert (including Diageo plc) have created any encumbrance (pledge) on the shares held in USL during the financial year ending 31 March 2026. This is a routine regulatory filing required under SEBI's takeover regulations to disclose the status of promoter share pledges. The letter also notes a historical legal dispute from 2013-2014 regarding shares sold by United Breweries (Holdings) Limited to Diageo Relay B.V., which remains under a Supreme Court status quo order pending appeal.
The filing confirms no additional pledge has been created on promoter shares, which is a neutral-to-positive signal for shareholders as it indicates no imminent risk of forced share sales by the promoter group.