United Breweries received a Maharashtra VAT order dated March 30, 2026 totalling ₹22.50 crore for FY 2021-22.
The demand covers additional tax of ₹9.66 crore, interest of ₹10.43 crore, and penalty of ₹2.41 crore.
UBL believes it has a strong case and expects minimal financial impact beyond a statutory pre-deposit for appeal.