Business

UBL flags accidental disclosure – The Times of India

1 Mins read


UBL flags accidental disclosure

Bengaluru: United Breweries on Thursday informed stock exchanges that an employee inadvertently disclosed unpublished price sensitive information (UPSI) related to the company’s draft annual financial results to an outside individual.In a filing, the beer maker said the disclosure took place on May 5 “for legitimate reasons” but without the “necessary safeguards”. The company said the information pertained to its draft annual financial results.United Breweries had announced its March quarter and the full year 2025-26 results. Total income for the March quarter stood at Rs 4,414 crore, compared with Rs 4,433 crore a year earlier, while profit for the period rose to Rs 102 crore from Rs 97 crore. For FY26, total income stood at Rs 17,501 crore against Rs 19,437 crore in FY25, while profit for the year came in at Rs 413 crore compared with Rs 441 crore a year earlier.The company said the board-approved annual financial results were disclosed to stock exchanges within a few hours of the inadvertent disclosure, and therefore “no further action is required” under SEBI’s principles governing fair disclosure of unpublished price sensitive information.“This is being notified to you as a matter of good corporate governance,” the company said in the filing. The filing did not disclose the nature of the information shared, the identity of the outside individual, or whether any trading activity took place before the financial results were made public.



Source link

Related posts
Business

From UK, BIS vaults to Indian shores: Why RBI wants to keep more & more gold at home

6 Mins read
Between October 2025 to March 2026, RBI has brought home 104.2 metric tonnes of gold. (AI image) Your grandparents and parents may…
Business

States’ GDP calculation revamped: Govt issues uniform GSDP norms with 2022-23 as new base year

1 Mins read
The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year,…
Business

US stock markets today (May 7, 2026): Wall Street holds near record highs as oil prices tumble on Iran deal hopes

2 Mins read
US stock markets hovered near record highs on Thursday as oil prices extended losses amid rising optimism over a possible agreement between…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *