Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

September 29, 2026 BSE Limited National Stock Exchange of India Ltd. Scrip Code: 532478 Symbol: UBL Dear Sir, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) – New Tax Litigations In compliance with Regulation 30 read with Para B(8) of Part A of Schedule III of the SEBI Listing Regulations, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025, we wish to inform that the Company has received penalty orders from the Assessment Unit, Income Tax Department - National Faceless Assessment Centre (‘NFAC’) in relation to Assessment Years (‘AY’) 2013-14, 2014-15, 2017-18 (two orders), 2018-19, 2020-21, and 2022-23, raising an aggregate penalty demand of ₹54,82,99,656/-, details of which are enclosed as Annexure. This is for your information and records. Thanking you, For UNITED BREWERIES LIMITED NIKHIL MALPANI Company Secretary & Compliance Officer Encl: as above Annexure S. No. Particulars Description 1. Name of the From the Assessment Unit, Income Tax Department – NFAC. These penalty orders were received on September 28, 2026, and September 29, 2026. Authority 2. Nature of Penalty demand Penalty demand Penalty demand Penalty demand Penalty demand Penalty demand Penalty demand Litigation/ dispute levied under section levied under section levied under section levied under section levied under section levied under levied under 271(1)(c) of the 270A of the Act, for 270A of the Act, for 271(1)(c) of the Act 270A of the Act for section 270A of section 270A of Income-tax Act, 1961 AY 2017-18, AY 2018-19, for AY 2013-14, AY 2020-21, the Act for AY the Act for AY (the Act) for AY 2014- amounting to a m o unting to amounting to amounting to 2 0 2 2-23, 2017-18, 15, amounting to ₹4,15,29,600/- 1,03,82,400/- 9,53,62,045/- ₹2,45,12,525/- amounting to a m o u nting to ₹8,15,27,270/- ₹26,98,91,806/- ₹2,50,94,010/- 3. Brief details of the The Income Tax The Income Tax The Income Tax The Income Tax The Income Tax The Income Tax The Income Tax dispute/ litigation Department has Department has Department has Department has Department has Department has Department has passed an assessment passed an passed an passed an passed an passed an passed an order under section assessment order assessment order assessment order assessment order assessment order assessment order 143(3) read with under section under section under section under section under section under section section (‘r.w.s’) 254 143(3) r.w.s. 263 143(3) r.w.s. 263 143(3) r.w.s. 254 143(3) r.w.s. 254 of 143(3) r.w.s. 144C 143(3) read with r.w.s 144C (13) of the r.w.s. 144C (13) of r.w.s. 144C (13) of r.w.s. 144C (13) of the Act, against (13) of the Act, section r.w.s. 254 Act, against which the the Act, against the Act, against the Act, against which the Company against which the of the Act, against Company has already which the Company which the Company which the Company has already filed an Company has which the filed an appeal before has already filed an has already filed an has already filed an appeal before the already filed an Company has the Hon’ble Income appeal before the appeal before the appeal before the Learned appeal before the already filed an Tax Appellate Hon’ble ITAT, which Hon’ble ITAT, which Hon’ble ITAT, which Commissioner of Hon’ble ITAT, appeal before the Tribunal (‘ITAT’), is currently pending is currently pending is currently pending Income-tax which is currently Learned which is currently for adjudication. for adjudication. for adjudication. (Appeals), which is pending for Commissioner of pending for currently pending adjudication. Income-tax adjudication. However, learned However, the However, the for adjudication. (Appeals), which is NFAC has learned NFAC has learned NFAC has However, learned currently pending However, learned proceeded to levy proceeded to levy proceeded to levy However, the NFAC has for adjudication. NFAC has proceeded penalty on the penalty on the penalty on the learned NFAC has proceeded to levy to levy a penalty on issues which are still issues which are still issues which are still proceeded to levy penalty on the However, the the issues which are pending for pending for pending for penalty on the issues which are learned NFAC has still pending for adjudication. adjudication. adjudication. issues which are still still pending for proceeded to adjudication. pending for adjudication. levy penalty on adjudication. Additionally, the the issues which Additionally, the Additionally, the learned NFAC has are still pending learned NFAC has learned NFAC has made a mistake for adjudication. made a mistake made a mistake apparent on apparent on record apparent on record record and levied Additionally, the and levied excess and levied excess excess penalty of learned NFAC has penalty of penalty of ₹7,55,05,446/-. erred in imposing 43,34,639/-. ₹68,57,670/-. a duplicative penalty amounting to ₹99,35,764/-, even though the same penalty had already been levied. 4. Expected The Company believes that it has a strong case to defend before the relevant appellate authority and, based on the facts and circumstances of the financial matter, does not anticipate any material financial impact on the Company except for a minimal statutory pre-deposit that is required to be made at the implications, if time of admission of appeal, if any. The Company is pursuing appropriate legal remedies in this regard. 5. Quantum of Enumerated in Sl. No 2 above. claims, if any *****************