Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

United Breweries Limited

Meeting Details

The 27th Annual General Meeting was held on August 12, 2026, through Video Conferencing and Other Audio-Visual Means in accordance with relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The record date (cut-off date) for determining shareholder eligibility to vote was August 5, 2026.

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statement (including Audited Consolidated Financial Statement) of the Company for the year ended March 31, 2026, together with the Reports of the Auditors and Directors thereon.

2. Ordinary Resolution: To declare Dividend on Equity Shares for the financial year ended March 31, 2026.

3. Ordinary Resolution: To appoint a Director in the place of Radovan Sikorsky (DIN: 09684447), who retires by rotation and being eligible, offers himself for reappointment.

4. Ordinary Resolution: To re-appoint Messrs. B S R & Co. LLP, Chartered Accountants as statutory auditors.

5. Special Resolution: To increase the borrowing limits from banks and/or financial institutions and create mortgage/charge in connection with such borrowings.

Voting Process and Methods

The voting process utilized remote e-voting facilitated by Central Depository Services (India) Ltd. The remote e-voting period commenced at 09:00 AM IST on August 9, 2026, and ended at 05:00 PM IST on August 11, 2026. The company also provided e-voting facility during the AGM for shareholders present through VC/OAVM who had not cast their vote earlier.

Vinod Sunder Raman, Company Secretary in Practice (Membership No. ACS-18909, C.P.No.22422) was appointed as the Scrutinizer to scrutinize the e-voting process in a fair and transparent manner.

Key Voting Outcomes

Total Shareholders: 95,257 as on record date (August 5, 2026)

Attendance:

  • Promoters & Promoter Group: 3 shareholders attended through VC/OAVM
  • Public: 56 shareholders attended through VC/OAVM

Resolution-wise Voting Results:

Resolution 1 - Adoption of Financial Statements
  • Total votes cast: 218,915,800
  • Votes in favor: 218,915,774 (99.999988%)
  • Votes against: 26 (0.000012%)
  • Invalid & Abstained: 0
  • Result: PASSED
Resolution 2 - Dividend Declaration
  • Total votes cast: 218,918,605
  • Votes in favor: 218,918,580 (99.999989%)
  • Votes against: 25 (0.000011%)
  • Invalid & Abstained: 0
  • Result: PASSED
Resolution 3 - Reappointment of Director (Radovan Sikorsky)
  • Total votes cast: 218,915,800
  • Votes in favor: 212,583,490 (97.107422%)
  • Votes against: 6,332,284 (2.892578%)
  • Invalid & Abstained: 0
  • Result: PASSED
Resolution 4 - Reappointment of Auditors (B S R & Co. LLP)
  • Total votes cast: 218,915,800
  • Votes in favor: 218,915,077 (99.999670%)
  • Votes against: 723 (0.000330%)
  • Invalid & Abstained: 0
  • Result: PASSED
Resolution 5 - Borrowing Limits Increase
  • Total votes cast: 218,915,800
  • Votes in favor: 218,740,379 (99.919868%)
  • Votes against: 175,421 (0.080132%)
  • Invalid & Abstained: 0
  • Result: PASSED

Scrutinizer's Role and Findings

Vinod Sunder Raman was appointed as Scrutinizer by the Board of Directors at their meeting held on May 29, 2026. The scrutinizer maintained an electronic register recording assent or dissent received, mentioning particulars of name, address, folio number or DP ID/Client ID of shareholders, number of shares held, and nominal value of such shares.

After the closure of e-voting at the AGM, the votes cast via remote e-voting and e-voting during the AGM were unblocked on August 12, 2026, at 3:07 PM in the presence of two witnesses: CS Herald Wani and Ms. Sonali Sahu.

The scrutinizer confirmed that all resolutions were passed with requisite majority based on reports generated from the e-voting system provided by CDSL.

Compliance with Laws and Regulations

The company confirmed compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 14/2020 dated April 8, 2020 and subsequent circulars
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular effective December 13, 2024 regarding Regulation 36 of Listing Regulations

Additional Information

The AGM notice and Integrated Annual Report 2025-2026 were dispatched electronically on July 20, 2026, with 87,603 successfully delivered and 2,857 bounced back cases. Additionally, 5,032 shareholders without registered email IDs were sent a weblink through physical letters.

The voting results and scrutinizer's report will be displayed on the company's notice board at its Registered Office and uploaded on the company's website (www.unitedbreweries.com) and on the e-voting website of CDSL.