United Spirits Limited has informed the Exchange regarding 'Clarification in relation to 26th AGM Notice'.
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United Spirits has issued a clarification ahead of its 26th Annual General Meeting scheduled for 29th August 2025, addressing investor queries about the proposed appointment of M/s. Makarand M. Joshi and Co. (MMJC) as the new Secretarial Auditor. The company disclosed that it proposes to pay INR 4,50,000 towards secretarial audit and an additional INR 2,40,000 for other permissible services such as the Annual Secretarial Compliance Report and Form MGT-8 certification, taking the total proposed fees to INR 6,90,000. This represents a marginal increase of 0.73% over the INR 6,85,000 paid to the outgoing secretarial auditor for the same services. The clarification is intended to enhance transparency and help shareholders make an informed decision at the AGM.
This is a routine, low-impact clarification with negligible financial implications - auditor fees are rising by less than 1%. The disclosure is aimed at pre-empting shareholder concerns and is unlikely to materially affect the stock price or shareholder value.