NSEAction(s) initiated or orders passed4d ago · 5 Nov 2026, 04:55 pm
Action(s) initiated or orders passed
United Spirits Limited · UNITDSPR
✦ AI SummaryRegulatory
United Spirits Limited has informed the Exchange about actions initiated or orders passed by the Directorate of Revenue Intelligence (DRI) under Section 110 of the Customs Act, 1962, in respect of goods valued at approximately INR 6.45 crore. The Company is confident of an early resolution of the matter and continues to engage with the concerned authorities.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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United Spirits Limited has informed the Exchange about Action(s) initiated or orders passed
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United Spirits Limited
Registered Office:
UB Tower
#24, Vittal Mallya Road,
Bengaluru 560 001
Tel: +91 80 2221 0705
Fax: +91 80 2224 5253
www.diageoindia.com
5th November 2026
BSE Limited The National Stock Exchange of India Limited
Listing Department Exchange Plaza, C-1 Block G,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra East, Mumbai – 400 051
Scrip Code: 532432 Scrip Code: UNITDSPR
Dear Sirs,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Ref: Our intimation dated 17th October 2026
With reference to the above, kindly find enclosed disclosure in requisite format as set out in
Annexure A, as an update.
This is for your information and records.
Thank you,
For United Spirits Limited
Pragya Kaul
Company Secretary and Compliance Officer
Corporate Identity Number: L01551KA1999PLC024991 contactus.india@diageo.com
Continuation Sheet
ANNEXURE A
# Particulars Details
1. Name of the authority Directorate of Revenue Intelligence, Department of
Revenue, Government of India (DRI).
2. Nature and details of action(s) In continuation to our intimation dated 17th October 2026
taken, initiated or order(s) passed. (enclosed as Annexure B), the DRI has issued a seizure
memos under Section 110 of the Customs Act, 1962, in
respect of goods valued at approximately INR 6.45 crore.
3. Date of receipt of the direction or Seizure memos were issued on 30th October 2026, Friday
order, including any ad-interim or night at 21:50 hrs IST and on 4th November 2026 at 17:20
interim orders, or any other hrs IST. The Company is confident of an early resolution
communication from the authority. of the matter and continues to engage with the concerned
authorities and is taking necessary steps to seek
provisional release of the goods.
Delay in reporting is unintentional and is promptly
actioned, once the issue was brought to the notice of the
appropriate Company executives.
4. Details of violation(s)/ The aforesaid matter relates to an Industry wide customs
contravention(s) committed or tariff classification of certain imported goods and the
alleged to be committed; preferential tariff treatment under the India–United
Kingdom (“UK”) Free Trade Agreement.
The issue has been discussed by the Industry Association
with the Ministry of Commerce on 2nd November 2026,
wherein assurance has been provided on earliest
resolution of the matter.
5. Impact on financial, operation or The Company is taking necessary steps to continue its
other activities of the listed entity, operations in the normal course of business, and, as of
quantifiable in monetary terms to now, there is no material impact/ disruption to business.
the extent possible.
*****
Corporate Identity Number: L01551KA1999PLC024991 contactus.india@diageo.com
ANNEXURE B
17thOctober 2026
BSE Limited The National Stock Exchange of India Limited
Listing Department Exchange Plaza, C-1 Block G,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex,
Dalal Street, Mumbai 400 001 Bandra East, Mumbai 400051
Scrip Code: 532432 Scrip Code: UNITDSPR
Dear Sirs,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
With reference to the above, kindly find enclosed disclosure in requisite format as set out in
AnnexureA.
This is for your information and records.
Thank you,
For United Spirits Limited
Pragya Kaul
Company Secretaryand Compliance Officer
ANNEXUREA
# Particulars Details
1. Name of the authority Directorate of Revenue Intelligence, Department of
Revenue, Government of India(DRI).
2. Nature and details of action(s) Initiation of search pursuant to the provisions of Section
taken, initiated or order(s) passed. 105 of the Customs Act,1962.The Company understands
that the search operations form part of an industry-wide
exercise being conducted by the Revenue Authority.
3. Date of receipt of the direction or The search was initiated at multiple locations on
order, including any ad-interim or 16th October 2026, last of which concluded at 20:30 hrs
interim orders, or any other IST.
communication from the authority.
4. Details of violation(s)/ As intimated under clause 2 above. The Company has
contravention(s) committed or extended its full co-operation and assistance in the
alleged to be committed; aforesaid matter and has duly furnished all documents,
clarifications and information as sought by DRI during
the saidsearch.
5. Impact on financial, operation or No impact on financial, operation or other activities of the
other activities of the listed entity, Company as of now. We will continue to provide full
quantifiable in monetary terms to cooperation as the matter progresses.
the extent possible.
*****