United Spirits Limited — Others, 21-05-2025: Shareholders meeting

United Spirits Limited has announced a postal ballot seeking shareholder approval for appointing Mr. Praveen Someshwar as Director, Managing Director, and CEO for five years starting 1 April 2025, along with approval of his remuneration. Mr. Someshwar brings over 30 years of leadership experience in media and FMCG, having led HT Media and held senior roles at PepsiCo. His annual target compensation is INR 14.12 crore, with a maximum cap of INR 35 crore, plus participation in performance-linked long-term incentives. This move aims to strengthen the company’s growth and transformation strategy.