Vijay Mallya Ceases to be Director: United Breweries
New Delhi: United Breweries (UBL) said its Chairman Vijay Mallya has ceased to be director of the company following Sebi's order against him. On January 25 this year Sebi had restrained Mallya from holding position as director or key managerial personnel of any listed company which has not been vacated till date, UBL said in a regulatory filing.
“The board at its meeting held today has authorised filing of requisite forms/intimations with the Registrar of Companies and other authorities notifying Vijay Mallya's cessation from holding position of director in the company,” it said. —PTI