United Spirits Limited Achieves Higher ESG Score of 72.8

United Spirits Limited (USL), a prominent player in the Indian alcoholic beverages industry, has demonstrated significant progress in its Environmental, Social, and Governance (ESG) performance. The company received an improved ESG score of 72.8, up from 70.4 in the previous year, according to SESES ESG Research Pvt. Ltd., a SEBI-registered ESG Rating Provider.

ESG Performance Improvement

The ESG score, which evaluates a company's performance on environmental, social, and governance factors, shows United Spirits' commitment to sustainable and responsible business practices. The increase from 70.4 to 72.8 represents a notable improvement in the company's overall ESG performance.

Independent Assessment

It's worth noting that this ESG rating was independently determined by SESES ESG based on United Spirits' public disclosures. The company did not engage SESES ESG for this assessment, highlighting the objectivity of the rating process.

Financial Performance Context

To provide context for this ESG improvement, let's look at some key financial metrics from United Spirits' recent balance sheet:

Metric	Current Year (₹ Crore)	Previous Year (₹ Crore)	Change (%)
Total Assets	12,718.00	10,742.00	18.40%
Current Assets	8,817.00	7,018.00	25.63%
Total Equity	7,879.00	6,963.00	13.16%
Current Liabilities	4,489.00	3,627.00	23.77%

The company's financial data shows growth across various metrics, which may have contributed to its improved ESG performance. The substantial increase in total assets and current assets, along with a rise in total equity, suggests that United Spirits has been expanding its operations while maintaining a strong financial position.

Implications for Stakeholders

The improved ESG score is likely to be viewed positively by investors, customers, and other stakeholders who increasingly value sustainable and responsible business practices. It may enhance United Spirits' reputation and potentially lead to better access to capital and improved relationships with environmentally and socially conscious consumers.

As companies face growing pressure to address environmental and social issues, United Spirits' improved ESG score demonstrates its commitment to meeting these expectations while maintaining strong financial performance.

Investors and stakeholders may continue to monitor United Spirits' ESG initiatives and financial performance in the coming years to assess the long-term impact of these improvements on the company's overall sustainability and market position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.75%	-0.96%	-1.31%	-9.61%	-6.17%	+147.05%

United Spirits Limited (USL), a prominent player in the Indian spirits industry, has announced a significant change in its auditing arrangements. The company's Board of Directors has recommended the appointment of Walker Chandiok & Co. LLP as its new statutory auditors, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key Details of the Appointment

Aspect	Details
Proposed Auditor	Walker Chandiok & Co. LLP
Firm Registration No.	001076N/N500013
Term Length	Five years
Term Period	From 27th AGM (FY2026-27) to 32nd AGM (FY2031-32)
Current Auditor	PriceWaterhouseCo., Chartered Accountants LLP
Current Auditor's Status	Completing second five-year term

About Walker Chandiok & Co. LLP

Walker Chandiok & Co. LLP is recognized as one of India's leading audit firms. The firm has a strong presence in the country, with:

Establishment year: 1935
Registered office: New Delhi
Additional offices: 15 across major Indian cities
Partner strength: 88
Total personnel: Over 2,100

The firm's credentials include registrations with:

Institute of Chartered Accountants of India (ICAI)
Public Company Accounting Oversight Board (PCAOB)
Comptroller and Auditor General of India (CAG)

Walker Chandiok & Co. LLP has a notable track record, providing audit and assurance services to several large companies, including some of the top 100 listed entities in India.

Transition Process

The transition from the current auditors, PriceWaterhouseCo., Chartered Accountants LLP, to Walker Chandiok & Co. LLP is part of United Spirits' commitment to maintaining high standards of corporate governance. PriceWaterhouseCo. will complete their second consecutive five-year term at the conclusion of the 27th AGM.

The final decision on this appointment rests with the shareholders of United Spirits Limited. The resolution for appointing Walker Chandiok & Co. LLP will be presented for approval at the 27th AGM, scheduled to be held in the financial year 2026-27.

This change in statutory auditors aligns with regulatory requirements and corporate best practices, ensuring a fresh perspective in the company's financial auditing process. As United Spirits continues to navigate the dynamic spirits market in India, this transition in auditing firms marks another step in its corporate governance journey.

Investors and stakeholders will be keenly watching this transition, as it represents an important aspect of the company's financial oversight and transparency measures. The expertise and reputation of Walker Chandiok & Co. LLP in serving listed entities could potentially bring new insights and strengthen the auditing process at United Spirits Limited.