Sula Vineyards Limited — Others, 21-08-2025: News Verification

Sula Vineyards has clarified a recent media report claiming the company's interest in entering the premium spirits market via acquisition. The company stated unequivocally that the news item is factually incorrect and has no basis. No negotiations or discussions have taken place regarding any such acquisition or market entry. Sula Vineyards emphasized its commitment to keeping shareholders informed of material developments and noted that, since no such event exists, there is no question of non-disclosure. The company believes any recent price movement in its shares is purely market driven.