Shareholders of United Spirits Ltd (USL), controlled by Diageo Plc., have approved the re-appointment of Vijay Mallya as Chairman of the company, Diageo said in a statement on Wednesday.
“Mr. Mallya remains United Breweries (Holdings) Ltd’s (UBHL) nominated director and, therefore, in accordance with the terms of the shareholders’ agreement, Diageo voted in favour of the resolution at the USL annual general meeting (AGM) to re-appoint Mr. Mallya as a director of USL,” Diageo said.