United Spirits Limited, a leading player in the Indian alcoholic beverage sector, has recently addressed media reports circulating rumors about the closure of operations at its manufacturing unit located in Asansol, West Bengal. The company issued a formal disclosure on 8th February 2025, clarifying the situation and reassuring investors and the public.

The rumors, which first appeared on 7th February 2025, suggested that the company was halting production at its longstanding factory on G.T. Road West, Bardhaman. United Spirits, in its official response, stated that it has been operational for over 160 years, playing a vital role in the industrial landscape of the region. While the company acknowledged the challenges posed by evolving market dynamics and aging infrastructure, it emphasized that no decision has been made regarding the closure of the plant.

Currently, production activities at the Asansol factory are not taking place, but essential activities such as maintenance of plant and machinery and housekeeping are ongoing. This is in compliance with all applicable regulatory requirements. The company clarified that the temporary cessation of production is part of a broader internal review of business strategies aimed at ensuring the long-term sustainability of the business.

The welfare of employees remains a top priority. United Spirits assured that its workers continue to receive their wages during this period, and any future decisions regarding the plant will be made with careful consideration of the workers’ interests. The company remains committed to adhering to all legal obligations and ensuring that its decisions align with the best interests of its workforce.

This disclosure was made in accordance with Regulation 30(11) of the Securities and Exchange Board of India SEBI Listing Obligations and Disclosure Requirements LODR Regulations 2015, which mandates listed companies to disclose any significant events or information that may affect the operations or performance of the company.

The clarification by United Spirits is timely and significant, especially in a market where rumors can quickly spread and affect investor confidence. The company’s transparent communication highlights its commitment to regulatory compliance and stakeholder engagement.

In light of this disclosure, it is important for investors and stakeholders to stay informed about the ongoing developments. The company is taking measured steps to ensure that its operations remain aligned with market needs and regulatory standards.

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