NSEAction(s) taken or orders passed2 Jul 2026 · 2 Jul 2026, 04:45 pm
Action(s) taken or orders passed
United Breweries Limited · UBL
✦ AI SummaryRegulatory
United Breweries Limited has received a demand notice from the Assessing Authority-cum-Secretary, Market Committee, Patiala, for a total amount of ₹116.25 crore, alleging non-payment of market fee and rural development fund on barley transactions.
Analysis Scores
Earnings Impact2/10
Growth Catalyst0/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10
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United Breweries Limited has informed the Exchange about Action(s) taken or orders passed
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UBLSJR_02072026164441_IntimationDemandNotice02072026.pdf
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July 02, 2026
BSE Limited National Stock Exchange of India Limited
Scrip Code: 532478 Symbol: UBL
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘SEBI Listing Regulations’)
In compliance with Regulation 30 read with Para A (20) of Part A of Schedule III of the SEBI Listing
Regulations and 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 a Demand Notice from the Assessing Authority-cum-
Secretary, Market Committee, Patiala, 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
S. No. Particulars Description
1. Name of the authority Assessing Authority-cum-Secretary, Market
Committee, Patiala
2. Nature and details of the action(s) The office of the Market Committee Patiala has issued
taken or order(s) passed. a demand notice. The break-up is as follows:
Sr.No. Particulars Amount in Rs.
i. Levy of Market fee 9,34,63,851
ii. Penalty 93,46,38,510
iii. Rural Development Fund 9,34,63,851
(RDF)
iv. Interest on RDF up to 4,09,61,987
the assessment date
June 30, 2026
Total 116,25,28,199
3. Date of receipt of direction or order, Assessment order along with demand notice under
including any ad-interim or interim FORM P received on July 01, 2026
orders, or any other communication
from the authority
4. Details of the violation(s) / The Assessment Order alleges that United Breweries
contravention(s) committed or Limited purchased, stored and processed barley during
alleged to be committed. the period from April 01, 2020 to March 31, 2026
within the notified area of the Market Committee,
Patiala, but failed to deposit the applicable Market Fee
and RDF on such transactions. According to the
Authority, barley brought into Punjab from outside the
State is deemed to have been purchased or sold within
the notified market area and is therefore liable to
Market Fee and RDF.
5. Impact on financial, operation, or Based on its assessment, the Company expects that
other activities of the listed entity, the financial impact, if any, will be limited to the
quantifiable in monetary terms to amount demanded under the Demand Notice. The
the extent possible Company is in the process of challenging the
assessment order and the demand notice before the
appropriate forum, as it considers the same to be
arbitrary, factually and legally incorrect. The Company
will continue to uphold the highest standards of
compliance, governance, and business conduct.
******************