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

October 06, 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’) – Outcome of the Tax Litigation 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 refund of ₹ 82.73 crores for the Assessment years (‘AY’) 2013-14 on October 05, 2026 and refund of ₹18.10 crores for AY 2020-21 on October 03, 2026, as determined in the Order giving effect earlier passed by the Joint Commissioner of Income Tax, Circle 7(1)(1)(OSD), aggregating to ₹100.83 crores, the details of which are enclosed as Annexure. The same is for your records. Thanking you, For UNITED BREWERIES LIMITED NIKHIL MALPANI Company Secretary & Compliance Officer Encl: as above Annexure Sl. Particulars Description For Reference 1. Brief details of Name (s) of the Opposing Party- Name (s) of the Opposing Party- litigation, viz., name(s) Joint Commissioner of Income-tax, Joint Commissioner of Income-tax, of the opposing party, Circle 7(1)(1) (OSD) (“Assessing Circle 7(1)(1) (OSD) (“Assessing court/tribunal/agency Officer”) Officer”) where litigation is filed, brief details of Brief details of dispute/litigation/ Brief details of dispute/litigation/ dispute/litigation litigation filed- litigation filed- The return filed by the Company for AY The return filed by the Company for AY 2013-14 was selected for scrutiny, and an 2020-21 was selected for scrutiny, and an Order was passed on October 09, 2017 Order was passed on September 23, 2022, under section 143(3) read with Section under section 143(3) read with Section 144C(13) of the Act, making certain 144B of the Act, making certain corporate transfer pricing and corporate tax tax adjustments. Aggrieved by the said adjustments. Aggrieved by the said order, Order, the Company filed an appeal the Company filed an appeal before the before the Hon’ble Income Tax Appellate Hon’ble Income Tax Appellate Tribunal, Tribunal, Bangalore (ITAT). The Hon’ble Bangalore (‘ITAT’). The Hon’ble ITAT ITAT passed its Order on passed its Order on June 01, 2022, January 31, 2024, deciding few issues deciding few issues in favour, few against against the Company and remanding few the Company and remanding few matters matters back to the Assessing Officer. In back to Assessing Officer/ Transfer Pricing respect of the issues decided against, the Officer. In respect of the issues decided Company has filed an appeal before the against, the Company has filed an appeal Hon’ble High Court of Karnataka, which is before Hon'ble High Court of Karnataka pending to be disposed. In respect of which is pending to be disposed. In respect other matters, the Assessing Officer, after of other matters, the Assessing Officer, verification of various issues, passed an after verification of various issues passed order giving effect to such ITAT Order on an order giving effect to such ITAT Order March 16, 2026, and determined the on January 23, 2026 and determined the refund of ₹18.1 crores. In respect of such refund of ₹82.73 crores. In respect of such Order and the adjustments made therein, Order and the adjustments made therein, the Company has again filed an appeal the Company has again filed an appeal before the Hon’ble Commissioner of before the Hon’ble ITAT and the same is Income-tax (Appeals) and the same is currently pending for adjudication. currently pending for adjudication. For Update 2. Expected financial This outcome has a positive impact on This outcome has a positive impact on implications, if any, due the working capital and the profit & loss the working capital and the profit & loss to compensation, account by way of interest income. account by way of interest income. penalty, etc. 3. Quantum of claims, if Nil Nil 4. The details of any The Company received a refund of ₹82.73 The Company received a refund of change in the status crores, including interest of ₹25.65 crores, ₹18.10 crores, including interest of ₹4.79 and/or any development on October 05, 2026. crores, on October 03, 2026. in relation to such proceedings; 5. In the case of litigation Not Applicable Not Applicable against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and/or any development in relation to such proceedings; 6. In the event of Not Applicable Not Applicable settlement of the proceedings, details of such settlement, including terms of the settlement, compensation /penalty paid (if any) and impact of such settlement on the financial position of the listed entity *****************