United Spirits Adjusts Dividend Record Date for 2025

In an important update for investors, United Spirits Ltd., the well-known producer of Kingfisher beer, has revised its record date for the interim dividend. Initially scheduled for April 2, 2025, the new record date has been set for April 3, 2025. This announcement comes as the company prepares for its board meeting on March 27, 2025, where it will discuss the potential declaration of this interim dividend for the fiscal year 2024-2025.

Key Changes to the Dividend Announcement

• The board meeting remains unchanged on March 27, 2025.
• The new record date for the interim dividend is now confirmed as April 3, 2025.
• Shareholders listed in the company’s records as of the revised date will be eligible for the dividend.

In a regulatory filing, United Spirits stated, "We would like to inform that the date of the Board meeting, i.e., March 27, 2025, remains the same. However, the interim dividend, if declared, shall be paid to shareholders whose names appear on the Register of Members as of April 3, 2025."

Share Performance Insights

On the stock market, United Spirits experienced some fluctuations recently. Shares opened at ₹1,393.05 and reached an intraday peak of ₹1,405.60. However, they closed at ₹1,366.15, reflecting a 1.83% decline on the BSE. The company’s current market capitalization stands at an impressive ₹99,367.04 crore, showcasing its robust position in the beverage alcohol industry.

Historical Context of United Spirits

Founded in India, United Spirits has an intriguing history, particularly regarding its past leadership. Formerly chaired by Vijay Mallya, the company underwent significant changes when he sold a majority stake to Diageo, a prominent global spirits company, in 2012. This transaction not only shifted ownership but also handed over management control to Diageo, which now operates United Spirits as a subsidiary.

In 2016, Mallya resigned from his roles within the company following a settlement agreement with Diageo, clearing him of various financial liabilities. This marked a significant turning point, as Mallya no longer holds any control or ownership in United Spirits.

Looking Ahead

As United Spirits prepares for its board meeting and potential dividend declaration, investors are keenly watching the developments. Should the board approve the interim dividend, it would represent a continuation of the company’s commitment to returning value to its shareholders. As always, potential investors should consider the implications of these changes on their investment strategies.

For more updates on United Spirits and other market movements, stay tuned to our financial news section.