United Spirits has received an order from the Food Safety and Standards Authority of India (FSSAI) revoking its earlier decision dated June 29, 2026, related to a product from its Baramati unit. The regulator issued the revocation order on August 17, 2026, which the company received on August 18, 2026.

Regulatory development

The FSSAI order specifically revokes the June 29 decision concerning the Baramati unit's whisky products. This reversal resolves the dispute that had led United Spirits to file a Writ Petition before the Bombay High Court challenging the original order on grounds of label non-conformance with the Food Safety and Standards Act, 2006.

The company disclosed that there is no material operational or financial impact resulting from the Revocation Order. The matter was also being addressed by industry associations, including the Confederation of Indian Alcoholic Beverage Companies (CIABC) and the International Spirits & Wines Association of India (ISWAI), as an industry-wide concern.

Legal status

The revocation pertains to the subject matter of the Writ Petition filed by United Spirits before the Hon'ble Bombay High Court. The company had challenged the June 29 order, asserting that the product labels were in compliance with applicable legal frameworks and consistent with long-standing industry practice. With the FSSAI's revocation, the primary basis for the litigation has been addressed by the regulator itself.

United Spirits shareholders approved a final dividend of ₹11 per equity share for FY26 and ratified key leadership appointments at its 27th Annual General Meeting (AGM) held on August 4, 2026. The meeting, conducted via Video Conferencing/Other Audio-Visual Means (OAVM), saw the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Independent Director V K Viswanathan chaired the session, highlighting the company’s financial performance and progress under the Spirit of Progress ESG action plan.

The Board proposed several resolutions concerning leadership continuity and statutory oversight. Pradeep Jain, Executive Director and Chief Financial Officer, was reappointed as a Director in place of his retirement by rotation. Additionally, Vinod Rao was appointed as an Independent Director via a special resolution, while Daniel Mobley was appointed as a Non-Executive Non-Independent Director. M/s. Walker Chandiok & Co. LLP was appointed as Statutory Auditor for the ensuing term, and remuneration for M/s. Rao, Murthy & Associates, the Cost Auditor, was approved for FY27.

Voting Results and Shareholder Participation

The voting process was overseen by Scrutinizer Sudhir Vishnupant Hulyalkar. Remote e-voting facilities were provided by National Securities Depository Limited (NSDL), commencing on July 30, 2026, and concluding on August 3, 2026. As of the cut-off date of July 28, 2026, there were 2,88,925 shareholders. Of these, 65 public shareholders attended the meeting via VC/OAVM, while promoter group attendance was recorded as zero for physical presence metrics.

All eight resolutions placed before the shareholders were passed with substantial majority support. The promoter and promoter group voted in favor of all resolutions with 100% support. Public institutional investors also showed strong backing, though minor dissent was recorded in specific governance-related votes.

Governance and Compliance Overview

The AGM adhered to regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations. Price Waterhouse & Co. Chartered Accountants LLP served as the outgoing Statutory Auditors, while M/s. Makarand M. Joshi & Co. acted as the Secretarial Auditor. Both audit reports were unqualified and taken as read by the members.

The Scrutinizer’s Report noted that votes cast by institutional and corporate shareholders without proper authorizations were declared invalid. A total of 1,55,54,242 votes were marked invalid across all resolutions, primarily attributed to public institutions lacking proper documentation. The Chairperson thanked shareholders, employees, vendors, business partners, regulators, and local communities for their continued support.