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. ******************