United Spirits Limited will invest ₹2.69 crore to acquire a 10.08% stake in Nuvola Spirits Private Limited (NSPL), strengthening its presence in the premium craft beverage segment. The investment involves subscribing to 17,350 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares of NSPL on a fully diluted basis. This strategic move allows the company to back innovative founders and capitalize on emerging consumer trends.

The Board of Directors approved the investment at its meeting held on July 22, 2026. The transaction is not a related party transaction, and the promoters, promoter group, and group companies of United Spirits Limited have no interest in NSPL. The acquisition is slated for completion on or before September 21, 2026.

NSPL, incorporated on August 2, 2023, operates as an alcohol and non-alcohol beverage company under the brand names “Mikiamo” and “Seoulmate”. The entity reported a turnover of ₹0.38 crore and a negative net worth of ₹0.15 crore for the year ended March 31, 2025. Its product portfolio includes Soju (Korean RTD spirit) and Italian liqueurs such as Limoncello, Meloncello, and Amara Rosso.

As part of the Share Subscription and Shareholder Agreement (SSHA) dated July 22, 2026, United Spirits Limited has secured customary investor protection rights. The company holds the right to appoint one director and an observer to the Board of NSPL. Additionally, the agreement includes tag-along and drag-along rights, while NSPL promoters retain a right of first offer if United Spirits proposes to transfer shares to a third party.

The definitive agreements also provide an option for United Spirits Limited to acquire the remaining shares held by other shareholders at a pre-determined valuation methodology, subject to NSPL achieving specific pre-agreed milestones within a defined time period. The entire revenue of NSPL is currently generated from India.

Financial Performance of Nuvola Spirits Private Limited

United Spirits will host an investor and analyst conference call to discuss the unaudited financial results for the quarter ended June 30, 2026. Scheduled for Thursday, July 23, 2026, at 4:00 PM IST, the session provides stakeholders with insights into the company's performance for Q1FY27.

Conference Call Details

The call will be hosted by Mr. Praveen Someshwar, Managing Director and Chief Executive Officer, and Mr. Pradeep Jain, Executive Director and Chief Financial Officer. A transcript of the proceedings will be available for download on the company's website following the event.

Access Information

Participants can join via an express registration link or universal dial-in numbers. International toll-free access is provided for global investors. The announcement was made in compliance with Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.