United Spirits to Appoint Walker Chandiok as New Statutory Auditor for Five-Year Term

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.77%	-0.16%	+4.96%	-8.37%	-4.42%	+151.78%

United Spirits Limited (USL), a prominent player in the Indian alcoholic beverages industry, has disclosed receiving a notice from the Ministry of Corporate Affairs (MCA) requesting information under section 217(2) of the Companies Act, 2013. This development comes as part of the ongoing regulatory oversight in the corporate sector.

Details of the Notice

The company provided the following details about the notice:

Aspect	Details
Issuing Authority	Ministry of Corporate Affairs (MCA)
Nature of Request	Calling for information under section 217(2) of the Companies Act, 2013
Date of Notice	October 31, 2025
Date Received by Compliance Officer	November 3, 2025
Reason for Delayed Intimation	Assessment of the notice's nature and other aspects

Context and Implications

The notice is pursuant to an order No.CL-II-01/180/2023-O/o DGCOA-MCA dated June 16, 2025, issued by the MCA, Government of India, New Delhi. United Spirits Limited has clarified that it has not received the MCA order referenced in the notice.

Importantly, the company stated that there is no impact on financial, operational, or other activities at this stage. This suggests that the information request may be part of a routine regulatory process rather than a response to any specific violation or concern.

Company's Response

United Spirits Limited has acknowledged the receipt of the notice and is likely to comply with the information request. The company's prompt disclosure of this development to the stock exchanges demonstrates its commitment to transparency and regulatory compliance.

While the exact nature of the information sought by the MCA remains undisclosed, such requests are not uncommon in the corporate world and often form part of the regulatory body's oversight functions.

Investor Considerations

Investors and stakeholders of United Spirits Limited should note that the company has not reported any immediate financial or operational impact from this development. However, they may want to stay informed about any further disclosures or updates related to this matter in the coming days.

As the situation unfolds, United Spirits Limited is expected to provide any necessary updates to maintain transparency with its shareholders and the market at large.