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Vijay Mallya unfazed at AGM, continue as USL Chairman

Vijay Mallya,United Spirits,Diageo,UB Group entities,UB Group entities,Kingfisher Airlines.

It’s not every day that a chairman of a company continues to occupy the corner office, despite being officially declared a wilful defaulter. But Vijay Mallya did not seem too perturbed about his latest status and continued to address the shareholders of the company at the annual general meeting (AGM).

He will continue to be the Chairman of United Spirits Limited (USL).

While evading some of the tough questions raised by the minority shareholders in terms of agreement with Diageo, he answered few others.

Clarifying about audit note which stated that funds were diverted to Kingfisher Airlines and other UB Group entities, Mallya said that the dialogue was in process and would be settled soon internally.

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