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United Breweries Ltd


BSE: 532478 | NSE: UBL | ISIN: INE686F01025 
Market Cap: [Rs.Cr.] 12,698 | Face Value: [Rs.] 1
Industry: Breweries & Distilleries

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Board Meet

30-May-12 
United Breweries Ltd has informed BSE that a meeting of the Board of Directors of the Company earlier scheduled to be held on May 17, 2012 will now be held on May 30, 2012, inter alia: 1. To consider the Audited Financial Results for the year ended March 31, 2012. 2. To approve payment of 3% dividend on Cumulative Redeemable Preference Shares to Scottish & Newcastle India Limited for the financial year ended March 31, 2012. 3. To recommend dividend on equity share for the financial year ended March 31, 2012. 
17-May-12 
United Breweries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 17, 2012, inter alia: 1. To consider the Audited Financial Results for the year ended March 31, 2012. 2. To approve payment of 3% dividend on 74,07,000 Cumulative Redeemable Preference Shares ( Series - B) to Scottish & Newcastle India Limited as on March 31, 2012. 3. To recommend dividend on equity share for the financial year ended March 31, 2012 United Breweries Ltd has informed BSE that the Meeting of the Board of Directors of the Company inter-alia to consider the Audited Financial Results for the Year ended March 31, 2012 scheduled to be held on May 17, 2012 stands postponed. (As Per BSE Announcement Website Dated on 16/05/2012) (Cancelled) (As Per Bulletin Dated on 16.05.2012) 
07-Feb-12 
United Breweries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 07, 2012, inter alia, to consider the Un-audited Financial Results for the quarter ended December 31, 2011 (Q3). United Breweries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2012, have considered and approved the amalgamation of Scottish & Newcastle India Private Limited (SNIPL) into United Breweries Limited (UBL). - Share Exchange Ratio: The share exchange ratios were recommended by two independent valuation experts i.e. Grant Thomton and SSPA & Co. Ambit Corporate Finance Private Limited shall be providing fairness opinions on the swap-ratios recommended by the Independent valuation experts. As consideration for Amalgamation, UBL will issue shares to the shareholders of SNIPL in the following ratio: 8,489,270 (Eight million four hundred eighty nine thousand two hundred and seventy) fully paid equity share of UBL of Re. 1 (Rupee One) each for every 32,223,912 (Thirty two million two hundred twenty three thousand nine hundred and twelve) fully paid equity shares of SNIPL of Rs. 10 (Rupees Ten) each. (As Per BSE Announcement Website dated on 07.02.2012) 
23-Nov-11 
United Breweries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 17, 2011, inter alia, to consider the Audited Financial Results for the year ended March 31, 2011. Further the Company has informed that, the Company had sought extension of time for holding of the Annual General Meeting. With reference to earlier announcement dated November 07, 2011 intimating about Meeting of the Board of Directors of the Company to be held on November 17, 2011, inter alia, to consider and approve Audited Financial Results for the year ended March 31, 2011, United Breweries Ltd has now informed BSE that the said Board Meeting will now be held on November 23, 2011 instead of the date earlier intimated. (As Per BSE Announcement Website dated on 15.11.2011) United Breweries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 23, 2011, inter alia, has recommended payment of a Dividend of Re. 0.60 per equity share of Re.1/-. (As Per BSE Announcement Dated on 23.11.2011) 
31-Oct-11 
United Breweries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2011, inter alia, to consider the un-audited Financial Results for the Quarter ended September 30, 2011 (Q2). 

AGM

21-Dec-11
United Breweries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 20, 2011 to December 21, 2011 (both days inclusive) for the purpose of Payment of Dividend & 12th Annual General Meeting (AGM) of the Company to held on December 21, 2011. United Breweries Ltd has informed BSE that the 12th Annual General Meeting (AGM) of the Company was held on December 21, 2011. 1. Adoption of the Accounts for the year ended March 31, 2011, and the Reports of the Auditors and Directors thereon. 2.Declaration of year ended March 31, 2011, at the rate of 60%, as recommended by the Director. 3. Appointment of Mr. Chhaganlal Jain, as a Director of the Company, liable to retire by rotation. 4. Appointment of Ms. Kiran Mazumdar Shaw, as a Director of the Company,liable to retire by rotation. 5. Appointment of Mr.Madhav Bhatkuly,as a Director of the Company, liable to retire by rotation. 6. Appointment of Messrs Price Waterhouse, Chartered Accountants, Auditors of the Company pursuant to Section 224 of the Companies Act, 1956, to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 7. Appointment of Mr.Theodorus Antonius Fredericus de Rond,as a Director of the Company, liable to retire by rotation. (As per BSE Announcement Website Dated on 09/01/2012) 
20-Aug-10
AGM 20/08/2010 
10-Sep-09
The Annual General Meeting of the Company will be held on September 10, 2009. 
10-Sep-08
AGM 10/09/2008 United Breweries Ltd has informed BSE that the members at the 9th Annual General Meeting (AGM) of the Company held on September 10, 2008, inter alia, have accorded to the following: 1. Adoption of the Accounts for the year ended March 31, 2008 and the Reports of the auditors and Directors thereon. 2. Re-appointment of Mr. A K Ravi Nedungadi & Mr. C L Jain as Directors of the Company. 3. Re-appointment of Messrs. Price Waterhouse, Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 4. Voluntary de-listing of the Equity Shares of the Company from the Ahmedabad Stock Exchange Ltd, Calcutta Stock Exchange Assn. Ltd., Cochin Stock Exchange Ltd, The Delhi Stock Exchange Assn. Ltd., Hyderabad Stock Exchange Ltd, The Ludhiana Stock Exchange Association and Madras Stock Exchange Ltd, in accordance with applicable provisions contained in the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ( "Delisting Guidelines"), the Companies Act, 1956, Securities Contracts (Regulation) Act, 1956 and the Rules framed thereunder, Listing Agreements, and all other applicable Rules, Regulations and Guidelines (including any statutory modification(s) or re enactment(s) thereof from time to time) and subject to the approval of the Stock Exchanges where the shares of the Company are listed and any other appropriate Authority, Institution or Regulators as may be necessary and in compliance with such conditions and modifications as may be necessary for this purpose and without giving an exit option in terms of the Delisting Guidelines. 5. Voluntary de-listing of the Cumulative Redeemable Preference Shares of the Company from the Ahmedabad Stock Exchange Ltd, Calcutta Stock Exchange Assn. Ltd., Cochin Stock Exchange Ltd, The Delhi Stock Exchange Assn. Ltd., Hyderabad Stock Exchange Ltd, The Ludhiana Stock Exchange Association and Madras Stock Exchange Ltd, in accordance with applicable provisions contained in the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ( "Delisting Guidelines"), the Companies Act, 1956, Securities Contracts (Regulation) Act, 1956 and the Rules framed thereunder, Listing Agreements, and all other applicable Rules, Regulations and Guidelines (including any statutory modification(s) or re enactment(s) thereof from time to time) and subject to the approval of the Stock Exchanges where the shares of the Company are listed and any other appropriate Authority, Institution or Regulators as may be necessary and in compliance with such conditions and modifications as may be necessary for this purpose and without giving an exit option in terms of the Delisting Guidelines. 6. Pursuant to the provisions of section 372A of the Companies Act, 1956, Resolution of the Board of Directors passed at its Meeting held on the date indicated against the Resolution in the details given below authorizing the Company to issue a Guarantee in accordance with the provisions of said Section of the Companies Act favouring the beneficiary as per details furnished hereunder and for the amount shown against such Resolution be and is hereby confirmed: - Date of Board Resolution : January 22, 2008 - Gurantee Amount : Rs 60 Crore - Gurantee given on behalf of : United Millennium Breweries Ltd - Favoring : AXIS Bank Ltd. (As per BSE Announcement dated on 18/09/2008) 
28-Sep-07
A.G.M 28/09/2007 United Breweries Ltd has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded to the following: 1. Adoption of the Accounts for the year ended March 31, 2007 and the Reports of the auditors and Directors thereon. 2. Confirmation of Interim Dividend at the rate of 15% for the year ended March 31, 2007 and Payment of Final Divided at the rate of 10% for the year ended March 31, 2007. 3. Re-appointment of Mr. Chugh Yoginder Pal & Mr. Sunil Alagh as Directors of the Company. 4. Re-appointment of Messrs. Price Waterhouse, Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 5. Appointment of Mr. John Ross Nicolson as a Director of the Company. 6. Payment of remuneration to Non-executive Directors (at the discretion of the Board). 7. Authority to Board to issue Guarantees in accordance with the provisions of said Section of the Companies Act favouring beneficiaries as per details furnished hereunder and for the amounts shown against each such Resolution be and are hereby confirmed: A. Date of Board Resolution : October 26, 2006 Guarantee Amount : Rs 750 million Guarantee given on behalf of : United Millennium Breweries Ltd Favouring: Standard Chartered Bank B. Date of Board Resolution : October 26, 2006 Guarantee Amount : Rs 800 million Guarantee given on behalf of : Millennium Beer Industries Ltd Favouring: Rabo India Finance Pvt Ltd C. Date of Board Resolution : October 26, 2006 Guarantee Amount : Rs 450 million Guarantee given on behalf of : Empee Breweries Ltd Favouring: BNP Paridas D. Date of Board Resolution : March 28, 2007 Guarantee Amount : Rs 280 million Guarantee given on behalf of : Empee Breweries Ltd Favouring: Yes Bank Ltd 8. Authority to the Board for investment of the Company's funds of a sum not exceeding Rs 455 Million (Rupees Four Hundred Fifty Five Million only) excluding Stamp Duty, to acquire up to 22,950 Equity Shares of Maltex Malsters Ltd, by purchase or otherwise notwithstanding that the aggregate of the loans and investments so far made, the amount for which the Guarantee or Security so far provided to or in all other Bodies Corporate along with the investment, loan, guarantee or security proposed to be made or given by the Board, exceeds the limits prescribed under the said Section, subject to necessary provisions & approvals. (As Per BSE Announcement Website Dated on 01/11/2007) 

EGM

27-Jul-11
United Breweries Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on July 27, 2011, at 10.30 a.m., at Good Shepherd Auditorium, Opp. St. Joseph's Pre-University College, Residency Road, Bangalore- 560 025. United Breweries Ltd has informed BSE that the Equity Shareholders of the Company at its Extra Ordinary General Meeting (EGM) of the Company held on July 27, 2011, has passed the following resolutions: 1. Approval to the Scheme of Amalgamation between MILLENNIUM BEER INDUSTRIES LTD and UNITED BREWERIES LTD and their respective shareholders and creditors. - Pursuant to the provisions contained in Section 17, Section 18 and such other applicable provisions, if any, of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) and subject to the sanction of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) and/or such other authority(ies), as the case may be, the Modified Rehabilitation Scheme containing the Scheme of Amalgamation (the Scheme between MILLENNIUM BEER INDUSTRIES LTD (MBIL) and UNITED BREWERIES LTD (UBL) and their respective shareholders and creditors as the case may be, a copy of which laid before the meeting and duly initialed by the Chairman for the purpose of identification, be and is hereby approved, subject to such alterations, conditions and modifications, if any, as may be prescribed or directed by the Hon'ble BIFR or such other authority(ies) while sanctioning the Scheme, on necessary terms & conditions. 2. Approval to the Scheme of Amalgamation between UNITED MILLENNIUM BREWERIES LTD and UNITED BREWERIES LTD and their respective shareholders and creditors. - Pursuant to the provisions contained in Section 17, Section 18 and such other applicable provisions, if any, the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) and subject to the sanction of the Hon?ble Board for Industrial and Financial Reconstruction (BIFR) or such other authority(ies), as the case may be, the Rehabilitation Scheme containing the Scheme of Amalgamation (the Scheme) between 'UNITED MILLENNIUM BREWERIES LTD (UMBL)' and 'UNITED BREWERIES LIMITED (UBL) and their respective shareholders and creditors as the case may be, a copy of which laid before the meeting and duly initialed by the Chairman for the purpose of identification, be and is hereby approved, subject to such alterations, conditions and modifications, if any, as may be prescribed or directed by the Hon'ble BIFR or such other authority(ies) while sanctioning the Scheme, on necessary terms & conditions. 3. Approval to the Scheme of Amalgamation between UB AJANTA BREWERIES PVT. LTD and UNITED BREWERIES LTD and their respective shareholders and creditors. - Pursuant to the provisions contained in Section 17, Section 18 and such other applicable provisions, if any, the Sick Industrial Companies (Special Provisions) Act, 1985 (as amended from time to time) (SICA) and subject to the sanction of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) or such other authority(ies), as the case may be, the Rehabilitation Scheme containing Scheme of Amalgamation (the Scheme) between UB AJANTA BREWERIES PVT LTD (UB Ajanta) and UNITED BREWERIES LTD (UBL) and their respective shareholders and creditors as the case may be, a copy of which laid before the meeting and duly initialed by the Chairman for the purpose of identification, be and is hereby approved, subject to such alterations, conditions and modifications, if any, as may be prescribed or directed by the Hon'ble BIFR or such other authority(ies) while sanctioning the Scheme, subject to necessary terms & conditions. (As Per BSE Announcement Website dated on 02.08.2011) 
23-May-11
United Breweries Ltd has informed BSE that by an Order made on April 21, 2011, the Hon'ble High Court of Karnataka at Bangalore has directed that a separate meeting of the Equity Shareholders of the Company ('the Applicant Company') will be held on May 23, 2011 at 11.00 a.m., for the purpose of considering and if thought fit approving with or without modification(s) the Scheme of Amalgamation between United Nizam Breweries Private Limited and United Breweries Limited. United Breweries Ltd has submitted to BSE a copy of Proceedings of Court Convened Meetings of Equity Shareholders Secured and Unsecured Creditors of the Company convened pursuant to the directipns of the Hon'ble High Court of Karnataka held on May 23, 2011. (As Per BSE Announcement Website dated on 31.05.2011) 
11-Mar-11
United Breweries Ltd has informed BSE that pursuant upon Amalgamation of Associated Breweries and Distilleries Limited (ABDL), Millennium Alcobev Private Limited (MAPL) and Empee Breweries Limited (EBL) into United Breweries Limited (UBL) as per the Scheme of Amalgamation (Scheme) sanctioned by the Hon'ble High Courts of Karnataka and Madras, the Committee of Directors have at Its meeting held on March 11, 2011 approved allotment of 14,496,683 equity shares of Re. 1/- each of UBL to the eligible shareholders of MAPL & EBL in terms of the Scheme. 
19-Nov-10
United Breweries Ltd has informed BSE that, by an Order made on October 06, 2010 in the Company Application, the Hon'ble High Court of Karnataka at Bangalore has directed that a meeting of the Equity Shareholders of United Breweries Ltd, the Applicant Company will be held on November 19, 2010, for the purpose of considering and if thought fit, approving, with or without modification(s) the Scheme of Amalgamation between Associated Breweries and Distilleries Limited, Millennium Alcobev Private Limited, Empee Breweries Limited and United Breweries Limited. United Breweries Ltd has informed BSE that Equity Shareholders, Secured Creditors, Unsecured Creditors & Preferential Shareholders of the Company at its Court Convened Meetings held on November 19, 2010, approved the Scheme as embodied in the Scheme of Amalgamation between Associated Breweries and Distilleries Limited, Millennium Alcobev Private Limited, Empee Breweries Limited and United Breweries Limited. (As Per BSE Announcement Dated on 26.11.2010) 
23-Feb-07
United Breweries Ltd has informed BSE that, pursuant to the order of the Hon'ble High Court of Karnataka at Bangalore, the separate meetings of the Equity Shareholders, Unsecured Creditors and Secured Creditors of the Company will be held on February 23, 2007, for the purpose of considering and if thought fit, approving, with or without modification(s), the Scheme of Amalgamation proposed to made between Karnataka Breweries and Distilleries Pvt Ltd, London Pilsner Breweries Pvt Ltd, London Draft Pubs Pvt Ltd and the Company and its Creditors and shareholders. 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
United Breweries 12,697.81 79.78 12.12 29.63 14.3 15.6 0.59
United Spirits 8,193.34 19.58 1.61 16.02 7.8 12.1 0.72
Radico Khaitan 1,652.78 21.25 2.58 13.60 11.9 12.5 0.76
Tilaknagar Inds. 663.28 17.48 1.89 9.72 15.2 14.0 1.84
Som Distilleries 412.80 24.15 5.09 20.14 24.4 28.2 0.39
Jagatjit Inds. 249.21 0.00 1.05 5.46 2.2 7.4 0.89
Globus Spirits 236.33 6.53 1.13 5.00 21.8 27.0 0.17
Khoday India 181.00 8.71 1.78 17.86 0.0 0.0 1.33
Mohan Meakin 121.76 0.00 2.90 0.00 -14.0 1.2 2.26
IFB Agro Inds. 121.27 3.70 1.40 1.47 22.9 29.3 0.23
Empee Distill. 120.56 6.79 0.48 7.01 6.9 10.4 0.48
G M Breweries 61.73 4.59 0.72 2.17 17.3 29.1 0.01
Pioneer Distil. 37.49 0.00 3.23 0.00 0.0 0.0 5.93
Rochees Brew. 27.68 0.00 -2.82 0.00 0.0 0.0 0.00
Indage Vintners 25.03 0.00 0.61 0.00 0.0 0.0 2.64

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Key Information

Key Executives:

Vijay Mallya , Chairman 

Kalyan Ganguly , Managing Director 

A K Ravi Nedungadi , Director 

Chugh Yoginder Pal , Director 

Company Head Office / Quarters:
UB Tower UB City,
24 Vittal Mallya Road,
Bangalore,
Karnataka-560001
Phone : 91-80-22272806/22272807/39855000
Fax : 91-80-22211964/22229488
E-mail : ublinvestor@ubmail.com
Web : http://www.kingfisherworld.com
Registrars:
Integrated Enterprises (I) Ltd
No. 30 Ramana Resid.
4th Cross Sampige Rd
Malleswaram
Bangalore - 560003

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