UNITED SPIRITS LTD. - Clarification from United Spirit Ltd

The Exchange had sought clarification from the company with respect to the media report titled "Three independent directors leave USL board." Appearing in Mint on September 10, 2014.<br/> <br/>The company replied as under: <br/> <br/>"The news story is based on the reporter's interpretation of the issue and is not supported by our official comment on the same. <br/> <br/>It is true that the Board of Directors has commissioned an inquiry and the full details of such inquiry is stated in the Directors' Report sent to the shareholders, a copy of which is also available on the website of the Company. We would not wish to add anything further.<br/> <br/>A copy of the Director's Report is available on the website of the Company. For your ready reference, we enclose a copy of the Directors' Report for the year ended March 31, 2014.<br/> <br/>The Company will continue to comply with the requirements of the Listing Agreement, and will continue to promptly inform the Stock Exchanges in the event of any reportable event occurring."