United Spirits Limited has announced the elevation of Mr. Amitabh Pande to its Executive Committee as Chief Strategy Officer, designated as Senior Management Personnel (SMP), effective 1st June 2026. The development was disclosed on 15th May 2026 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his new role, Mr. Pande will report directly to Mr. Praveen Someshwar, Managing Director & Chief Executive Officer of the Company.

Appointment Details

The board of directors approved Mr. Pande's elevation based on the recommendation of the Nomination and Remuneration Committee. The appointment is on a full-time employment basis. The key details of the appointment, as disclosed under Regulation 30, are summarised below:

Profile of Mr. Amitabh Pande

Mr. Amitabh Pande is a seasoned professional with 27 years of experience spanning consumer strategy, insights, marketing, and business planning across multinational organisations. He has been with Diageo India since 2021, where he has led consumer planning, strategy, and digital transformation initiatives.

Prior to joining Diageo India, Mr. Pande held senior leadership roles at prominent organisations including IKEA and PepsiCo. His academic credentials include:

• MBA in Marketing from Symbiosis Centre for Management & Human Resource Development
• Bachelor's degree in Economics (Honours) from Hindu College, University of Delhi

Regulatory Disclosure

The disclosure was made by United Spirits Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges of changes in senior management personnel. The Company Secretary, Ms. Pragya Kaul, signed and submitted the disclosure on 15th May 2026.

United Spirits Limited has informed stock exchanges that its Board of Directors, at its meeting held on 14th May 2026, reviewed and amended the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" (Code for Fair Disclosure). The intimation was made in compliance with Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (SEBI PIT Regulations). The amended Code has been made available on the company's website at www.diageoindia.com .

Key Details of the Amended Code

The following table summarises the key administrative details of the amended Code:

Purpose and Applicability

The Code for Fair Disclosure lays down principles and practices to be followed by United Spirits Limited in relation to the procurement and communication of UPSI. It applies to all disclosures of UPSI made by or relating to the company, its subsidiaries, associates, and companies under the same management. The Code prohibits insiders from communicating, providing, or allowing access to UPSI—even to other insiders—unless the communication is in furtherance of a legitimate purpose, duties, or discharge of legal obligations. All insiders are required to handle UPSI strictly on a need-to-know basis.

Dissemination and Disclosure Framework

The amended Code outlines a structured framework for the prompt, uniform, and universal dissemination of UPSI. Key provisions include:

• Prompt public disclosure of UPSI as soon as credible and concrete information comes into being
• Uniform dissemination to all stock exchanges where the company's securities are listed, in accordance with the Listing Agreement
• Website publication of information filed with stock exchanges for wider circulation
• Simultaneous public access during structured communication events such as analyst calls, through audio broadcast over phone, internet, or suitable media
• Restricted period during which management refrains from investor engagement or analyst calls to discuss business performance, running from the first calendar day of the first month of the quarter until the financial results of the previous quarter are made public

Roles and Responsibilities

The Code designates specific roles for overseeing disclosure obligations. The Compliance Officer holds prime responsibility for overseeing the operation of the Code, including complying with continuous disclosure requirements, coordinating disclosure of UPSI to stock exchanges, analysts, shareholders, and media, and educating staff on disclosure policies. The Chief Financial Officer, or a person holding a similar position, is designated as the Chief Investor Relations Officer (CIRO), responsible for dissemination of information and disclosure of UPSI. In the absence of the CIRO, the Compliance Officer or any other senior-level employee authorised by the Board shall act in that capacity.

Handling of UPSI and Legitimate Purposes

The Code specifies that UPSI shall be handled internally on a need-to-know basis only. Sharing of UPSI is permitted solely for legitimate purposes, which include sharing in the ordinary course of business with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals, rating agencies, statutory authorities, regulatory bodies, industry associations, parent or holding companies, affiliates, and employees—provided such sharing is not carried out to evade or circumvent the prohibitions of the Regulations. Any person receiving UPSI pursuant to a legitimate purpose is considered an insider under the Regulations and is required to maintain confidentiality.

Regulatory Response and Future Updates

The Code also mandates that United Spirits Limited respond appropriately and fairly to queries on news reports and requests for verification of market rumours by regulatory authorities. All stock exchanges where the company's securities are listed are to be informed of the name, address, contact details, and email of the Compliance Officer. The Code may be updated to incorporate statutory amendments upon their becoming effective, followed by filing with stock exchanges and placing before the Board for noting in the subsequent meeting.