USUnited Spirits532432Government probe

DRI initiates search at multiple locations; company reports no impact as of now

DRI initiated a search under Section 105 of the Customs Act, 1962 at multiple locations on 16th October 2026, the last concluding at 20:30 hrs IST.

By ScoutQuest · Sat 17 Oct 2026, 7:28 PM IST · 2 min read

Search Authority

Directorate of Revenue Intelligence (DRI), Department of Revenue, Government of India

Legal Provision

Section 105 of the Customs Act, 1962

Search Date and Closure Time

16th October 2026; last location concluded at 20:30 hrs IST

What the company disclosed

• United Spirits informed the stock exchanges that the Directorate of Revenue Intelligence (DRI), Department of Revenue, Government of India, initiated a search under Section 105 of the Customs Act, 1962.
• The search was initiated at multiple locations on 16th October 2026. The last of these locations concluded at 20:30 hrs IST.
• The company said it understands that the search operations form part of an industry-wide exercise being conducted by the Revenue Authority.

The company's stated position

• United Spirits said it extended full cooperation and assistance in the matter and duly furnished all documents, clarifications and information sought by DRI during the search.
• On impact, the company stated there is no impact on its financial, operational or other activities as of now, and that it will continue to provide full cooperation as the matter progresses.

How to read this kind of update

• A search under Section 105 of the Customs Act, 1962 is a step taken by the revenue authority in the course of its work. The update records the initiation of the search and the company's response to it.
• Listed companies are required to disclose such events to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which is the route used here.
• The disclosure sets out the company's own account: cooperation during the search, documents and clarifications furnished, and its current assessment of the impact.

Points a retail investor may note

• The company's statement on impact is described as being "as of now", and it has said it will keep cooperating as the matter progresses.
• What the update records is the search itself and the company's cooperation; any further development would come through subsequent disclosures.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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