United Breweries Ltd. — Board/Management Information 2023

Jun 5, 2023

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June 05, 2023

To,
BSE Limited	National Stock Exchange of India Limited
Corporate Relationship Department	Listing Departments,
Phiroze Jeejeebhoy Towers	Exchange Plaza, 5thFloor, P. No. C/1, G Block
Floor 25, Dalal Street,	Bandra-Kurla Complex, Bandra (East),
Mumbai - 400001	Mumbai – 400051
Scrip: 532478	Scrip: UBL

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) – Regulations, 2015 Appointment of Additional Director in Independent capacity

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we would like to inform you that the Board of Directors of the Company, upon recommendation of the Nomination and Remuneration Committee, has appointed Mr. Subramaniam Somasundaram (DIN:01494407) as an Additional Director of the Company in ‘ Independent Director’ His appointment shall take effect from June 4, 2023.

Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, is as under:

Particulars		Details
Reason for change viz., appointment	:	Appointment
Date of Appointment and Term of appointment	:	Mr. Subramaniam Somasundaram has been appointed as an Additional Director in Independent capacity (Independent Director) of the Company with effect from June 4, 2023, for a period of 5 years.
Brief Profile	:	Mr. S Subramaniam was the Chief Financial Officer (CFO) for the Titan Company Limited for over a decade till his superannuation in June 2021. During the stint with Titan, he was also on the Board of its subsidiaries Caratlane Trading Private Limited, and Titan Engineering and Automation Limited, and the Joint Venture, Montblanc India Private Limited. He is currently Independent Director on the Boards of Teamlease Services Limited, API Holdings Limited (Pharmeasy), Honasa Consumer Limited (Mamaearth), Avanti Finance Private Limited and Landmark Retail FZE (Dubai). Before joining Titan, he was in the Telecom industry for over 11 years including stints of CFO for BPL Mobile Group and Chief Executive Officer for BPL Mobile operations in Mumbai. As CFO of the telecom verticals in Essar Group he worked extensively in setting up its foray into greenfield telecom operations in Africa. He started his career with ITC Limited in India and then had a stint with Mannai Corporation, Doha. Mr. S Subramaniam is a Chartered Accountant and Cost Accountant by qualification with over 35 years of post-qualification experience in Finance, Strategyand Business roles.

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Disclosure of : There are no inter-se relations between Mr. S Subramaniam and the other relationships members of the Board. between directors

A Press Release, being issued in this regard, is also enclosed.

You are requested to take the same on your record.

Thanking you,

Yours faithfully,

For UNITED BREWERIES LIMITED

Amit Digitally signed by Amit Khera Khera Date: 2023.06.05 13:30:16 +05'30'

________

AMIT KHERA

Company Secretary and Compliance Officer

Encl: As above

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PRESS RELEASE

United Breweries Limited (UBL) appoints Mr. Subramaniam Somasundaram as Independent Director

UBL today announced that Mr. Subramaniam Somasundaram has been appointed as an Independent Board Member of the Company with effect from June 4, 2023.

Mr. Subramaniam was the Chief Financial Officer (CFO) for Titan Company Limited for over a decade till his superannuation in June 2021. During the stint with Titan, he was also on the Board of its subsidiaries Caratlane Trading Private Limited and Titan Engineering and Automation Limited and the Joint Venture, Montblanc India Private Limited. He is currently Independent Director on the boards of Teamlease Services Ltd, API Holdings Ltd (Pharmeasy), Honasa Consumer Limited (Mamaearth), Avanti Finance Pvt Ltd and Landmark Retail FZE (Dubai).

Before joining Titan, he was in the Telecom industry for over 11 years including stints of CFO for BPL Mobile Group and Chief Executive Officer for BPL Mobile operations in Mumbai. As CFO of the telecom verticals in Essar Group he worked extensively in setting up its foray into greenfield telecom operations in Africa. He started his career with ITC Limited in India and then had a stint with Mannai Corporation, Doha.

Mr. Subramaniam is a Chartered Accountant and Cost Accountant by qualification with over 35 years of post-qualification experience in Finance, Strategy and Business roles.

We are delighted that Mr. Subramaniam is joining UBL as an Independent Director and will also Chair the Audit Committee. Mr. Subramaniam brings with him an outstanding track record of over 35 years in building, leading, and transforming finance functions of large corporate houses. His extensive finance and leadership experience make him a strong asset to the future growth of our business.

Date: June 5, 2023 Place: Bangalore

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