United Breweries Limited — Others, 07-02-2025: Action(s) taken or orders passed

United Breweries Limited has disclosed a penalty of INR 1,34.64 crore imposed under the TNGST Act 2017, covering the period from July 2017 to September 2021. The penalty follows a demand order received from the Assistant Commissioner of GST & Central Excise. Despite this development, the company asserts that there is no material impact on its financial or operational activities. The order is appealable, and the company is evaluating its options. This situation may introduce a neutral impact on investor sentiment, though ongoing proceedings could represent a potential risk.