United Breweries : Regulation 30 SEBI (LODR) Regulation 2015- Supreme Court-CCI-Update
February 22, 2023 at 03:27 am EST
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February 20, 2023
To,
BSE Limited
National Stock Exchange of India Limited
Corporate Relationship Department
Listing Departments,
Phiroze Jeejeebhoy Towers
Exchange Plaza, 5th Flr, P.No.C/1, G Block
Floor 25, Dalal Street,
Bandra-Kurla Complex, Bandra (East),
Mumbai - 400001
Mumbai - 400051
Scrip: 532478
Scrip: UBL
Dear Sir/Madam,
Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update on Appeal before the Supreme Court of India
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, United Breweries Limited (UBL/the Company) had made disclosures on December 23, 2021, December 08, 2021, and September 24, 2021, in addition to earlier disclosures as well as in its quarterly and annual financial reporting in respect of the Competition Commission of India (CCI) matter.
In the disclosure dated December 23, 2022, UBL had referred to the decision of National Company Law Appellate Tribunal (NCLAT) dismissing the Company's appeal filed against the CCI order dated September 24, 2021. The Company had filed a statutory appeal against the order of the NCLAT before the Hon'ble Supreme Court of India on January 30, 2023.
We hereby inform that by way of an order dated February 17, 2023, the Hon'ble Supreme Court has been pleased to stay the order passed by the NCLAT including the CCI's recovery proceedings, upon a condition of pre-deposit of additional 10% total penalty amount (over and above the amount already subsisting 10% deposit before the NCLAT) by the Company. The Company will comply with the directions and the said additional 10% penalty amount shall be deposited within the stipulated time as mentioned in the order passed by the Hon'ble Supreme Court.
Kindly take the same on record and treat this as our compliance.
Thanking you,
Yours faithfully,
For UNITED BREWERIES LIMITED
_________________________________
RADOVAN SIKORSKY
Director and Chief Financial Officer
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United Breweries Limited published this content on 20 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 08:26:10 UTC.
United Breweries Limited is an India-based beer company, which is engaged in the manufacturing, purchasing and selling of beer and non-alcoholic beverages. It has manufacturing facilities in India. The Company has two segments. Beer segment includes the manufacture, purchase and sale of beer, including licensing of brands. Non-alcoholic beverages segment includes the manufacture, purchase and sale of non-alcoholic beverages. It offers a range of beer brands, such as Heineken, Heineken Silver, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Kingfisher Ultra Witbier, Amstel Bier, Bullet, Bullet Super Strong, Cannon 10000, Zingaro, Kingfisher Storm, Kingfisher Blue, Kalyani Black Label, UB Export, UB Export Strong, London Pilsner and London Pilsner Strong. It offers a range of non-alcoholic brands, such as Kingfisher Premium Packaged Drinking Water, Kingfisher Strong Power Soda, Kingfisher Storm Strong Soda, Kingfisher Ultra Non-Alcoholic and Heineken 0.0.
UNITED BREWERIES LIMITED 
