United Spirits Limited has disclosed an ongoing search operation conducted by the Directorate of Revenue Intelligence (DRI) in Mumbai. The company stated that the search, initiated on October 16, 2026, is part of a broader industry-wide exercise by the revenue authority. United Spirits has pledged full cooperation, and as of now, there is no quantifiable impact on its financial or operational activities.
Disclosure of DRI Search Operation
United Spirits Limited has formally informed stakeholders regarding a search operation initiated by the Directorate of Revenue Intelligence (DRI), Department of Revenue, Government of India. This action was taken pursuant to the provisions of Section 105 of the Customs Act, 1962. The company understands that these search operations are part of a larger, industry-wide initiative being conducted by the Revenue Authority.
Details of the Operation
The search commenced at multiple locations on October 16, 2026, with the last location concluding its operations at 20:30 hrs IST. United Spirits has stated that it is extending its full cooperation and assistance to the DRI. All requested documents, clarifications, and information have been duly furnished during the course of the search.
Impact on Operations
As of the current reporting, United Spirits Limited has confirmed that there is no impact on its financial, operational, or other activities. The company intends to continue providing full cooperation as the matter progresses and will offer further updates as appropriate.
Source: BSE
