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United Spirits Ltd has informed BSE that the Hon’ble High Court of Judicature at Bombay has sanctioned the Scheme of Amalgamation of Shaw Wallace & Company Ltd (”SWC”) and Primo Distributors Pvt Ltd (”Primo”) with United Spirits Ltd (”the Scheme”) on July 18, 2008 in so far it relates to the amalgamation of Primo with the Company. The Scheme has already been sanctioned by the Hon’ble High Court of Karnataka at Bangalore vide Order dated the May 29, 2008. The Scheme is now pending sanction of the Hon’ble High Court at Calcutta.

United Spirits Ltd has informed BSE that the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company (”the Scheme”) has been sanctioned by the Hon’ble High Court of Karnataka at Bangalore on May 29, 2008, in relation to the company petition filed by the Company. The Scheme is now pending sanction of the Hon’ble High Court of Calcutta and Hon’ble High Court of Bombay in respect of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd respectively.

United Spirits Ltd has announced the following Unaudited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 651.10 million for the quarter ended March 31, 2008 as compared to Rs 535.20 million for the quarter ended March 31, 2007. Total Income has increased from Rs 6898.00 million for the quarter ended March 31, 2007 to Rs 7697.20 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 3210.60 million for the year ended March 31, 2008 as compared to Rs 4940.10 million for the year ended March 31, 2007. Total Income has increased from Rs 27787.40 million for the year ended March 31, 2007 to Rs 31956.40 million for the year ended March 31, 2008.

The figures for the year ended March 31, 2007 are Audited.

United Spirits Ltd has informed BSE that the equity shareholders, secured creditors and the unsecured creditors of the Company at their separate Court Convened Meetings held on April 11, 2008, have approved the Scheme of Amalgamation of Zelinka Ltd with United Spirits Ltd (”the Scheme”), with requisite majority.

United Spirits Ltd has informed BSE that the equity shareholders, secured creditors and the unsecured creditors of the Company at their separate Court Convened Meetings held on April 11, 2008, have approved the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with United Spirits Ltd (”the Scheme”), with requisite majority.

United Spirits Ltd has informed BSE that in accordance with the Offering Circular dated March 24, 2006 for issue of US$100,000,000 2.00 per cent Convertible Bonds due 2011 (”the Bonds”), the Committee of Directors of the Company at its meeting held on March 31, 2008 has allotted 227,550 equity shares of Rs 10/- each, on mandatory conversion of 4,000 Bonds at a conversion price of Rs 781/- per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = US$1.00.

Please note that with the conversion of aforesaid 4000 Bonds, the entire 100,000 Bonds of US$1000 each aggregating to US$100,000,000 have been converted into 5,681,326 equity shares of Rs 10/- each in the Company and there are no outstanding Bonds.

Consequent upon the allotment of equity shares mentioned above, the total issued and paid up equity capital of the Company stands increased to Rs 1,001,632,560/- divided into 100,163,256 equity shares of Rs 10/- each from the present equity capital of Rs 999,357,060 /- divided into 99,935,706 equity shares of Rs 10/- each.

United Spirits Ltd has informed BSE that pursuant to the order made by the Hon’ble High Court of Karnataka at Bangalore, separate meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 11, 2008, for the purpose of considering and if thought fit, to approve, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation (”the Scheme”) of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company.

United Spirits Ltd has informed BSE that pursuant to the order made by the Hon’ble High Court of Karnataka at Bangalore, separate meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 11, 2008, for the purpose of considering and if thought fit, to approve, with or without modification(s), the Arrangement embodied in the Scheme of Amalgamation (”the Scheme”) of Zelinka with the Company.

United Spirits Ltd has informed BSE that in accordance with the Offering Circular dated March 24, 2006 of issue of US$100,000,000 2.00 per cent Convertible Bonds due 2011 (”the Bonds”), the Company has received a conversion notice in respect of 5,000 Bonds aggregating to US$ 5,000,000 from the bond holder.

The Committee of Directors of the Company at its meeting held on March 05, 2008 has allotted 284,442 equity shares of Rs 10/- each, on conversion of 5,000 Bonds at a conversion price of Rs 781/- per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = US$1.00.

Consequent upon the allotment on conversion of Bonds, the total issued and paid up equity capital of the Company stands increased to Rs 999,357,060/- divided into 99,935,706 equity shares of Rs 10/- each from the present equity capital of Rs 996,512,640/- divided into 99,651,264 equity shares of Rs 10/- each.