Facing huge loan default cases and court summons in India, embattled businessman Vijay Mallya on Wednesday took to a written statement to tell shareholders of United Breweries that the company will rework its product portfolio including with new launches.
In the statement, which was read out at UBl’s Annual General Meeting here in his absence, Mallya also expressed displeasure over non-inclusion of alcohol in the new Goods and Services Tax (GST).
“UBl will continue to expand capacity either at its existing breweries or by acquisition or building of new ones where required,” as per the Company’s Directors’ Report for the financial year ended March 31, 2016, which was also presented at the AGM.