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Gopal Kothari is a qualified Chartered Accountant (ICAI) and Company Secretary (ICSI) with over 19 years of experience.
Shareholders on September 30 will consider the Scheme of Amalgamation amongst the Company and United Spirits.
10 equity shares of Rs2 each of USL will be issued for every 47 equity shares of Rs10 each held by shareholders of the Company.
The hike, which ranges from 4-25% on the MRP depending on the type of alcohol, is expected to bring in additional revenue of around Rs5
The work has been resumed from August 30 after the completion of maintenance work.
Pioneer Distilleries, a subsidiary of United Spirits Limited, received a subsidy worth Rs 118 crore from the Government of Maharashtra.
The ongoing works are expected to be completed by December 2016 and the plant is expected to restart from January 2017.
The company posted a net profit of Rs.18.66 crore in March quarter.
United Spirits arm, said it will close down its plant in Nanded, Maharashtra due to water scarcity.
The company informed BSE that it will close down its plant in Nanded, Maharashtra due to water scarcity.
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