United Spirits ' global parent company Diageo has reported challenging financial results amid weak global market conditions affecting the beverage industry.

Sales Performance Below Expectations

Diageo's organic sales performance fell short of market expectations during the reporting period. The company reported a decline that was notably steeper than anticipated by analysts and market observers.

Operating Profit Stability

Despite the sales headwinds, Diageo demonstrated operational resilience in certain areas. The company's organic operating profit growth remained unchanged during the period, suggesting that management has been able to maintain operational efficiency despite revenue pressures.

Market Conditions Impact

The sales decline has been attributed to weak global demand conditions affecting the broader beverage industry. These challenging market dynamics have created headwinds for major beverage companies operating across international markets, with Diageo experiencing the impact of these broader industry trends.

The performance reflects the ongoing challenges facing global beverage companies as they navigate shifting consumer preferences and economic uncertainties in key markets worldwide.

United spirits Limited has announced the appointment of Ms. Archana Sasan as interim General Counsel in a consulting capacity, effective February 23, 2026. The appointment was made to ensure continuity in legal leadership following the current General Counsel's indisposition due to personal exigencies.

Appointment Details

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the engagement of Ms. Archana Sasan for a period of up to six months. This interim arrangement addresses the temporary unavailability of Ms. Shobhana Nikam, the company's current General Counsel, who is indisposed due to personal reasons.

Professional Background

Ms. Archana Sasan brings substantial legal expertise to the role, having held leadership positions across multiple prominent organizations. Her professional journey includes senior roles at Dell International Services India Private Limited, Bharti Airtel Limited, GE Money Financial Services Limited, and Kochhar & Co. Advocates & Legal Consultants.

Her experience encompasses both private practice and in-house counsel roles, providing her with a comprehensive understanding of diverse legal environments. Ms. Sasan's expertise spans several critical areas:

• Complex legal and regulatory issues
• Ethical and compliance matters
• Strategic advisory to leadership teams
• Technology's role in the evolving legal landscape

Regulatory Compliance

The appointment has been disclosed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically relating to changes in Senior Management Personnel. The company filed the necessary intimation with both BSE Limited and The National Stock Exchange of India Limited on February 19, 2026.

This interim appointment ensures that United Spirits Limited maintains robust legal leadership during the temporary absence of its regular General Counsel, demonstrating the company's commitment to operational continuity and governance standards.