Varun Beverages Ltd

Varun Beverages Ltd has announced that its Board of Directors will convene on October 30, 2026. The meeting agenda includes the consideration and approval of the unaudited financial results for both standalone and consolidated operations for the quarter and nine months ended September 30, 2026. Additionally, the Board will consider the declaration of a third interim dividend for the Financial Year 2026. The trading window will remain closed until November 1, 2026.

Varun Beverages Limited (VBL) announced that its Investment and Borrowing Committee has approved an investment of up to ₹4.10 Crore in Jager Renewables Private Limited. This investment will acquire up to 26% of Jager Renewables' equity share capital. Jager Renewables is a special purpose vehicle established to generate and supply solar power in Uttar Pradesh. The primary objective for VBL is to secure solar power for its facilities in Gorakhpur, Prayagraj, and future sites in Uttar Pradesh, aiming to reduce power costs and utilize environmentally friendly energy. The transaction is expected to be completed by October 6, 2027. This strategic move aligns with VBL's sustainability goals and operational efficiency efforts.

Varun Beverages Ltd (VBL) announced that the acquisition of 100% equity stake in Crickley Dairy Proprietary Limited by its subsidiary, The Beverage Company Proprietary Limited (Bevco), has been referred to The Arbitration Foundation of Southern Africa (AFSA). The original agreement, dated March 17, 2026, for ZAR 238 million (₹1,314.68 million), failed due to non-fulfillment of a condition precedent by the long stop date of September 30, 2026. The agreement has been terminated. The opposing parties in the arbitration are Crickley Dairy Proprietary Limited and Clark Holdings Proprietary Limited (the Seller). VBL stated that the financial exposure is limited to the aforementioned acquisition cost.

Varun Beverages Ltd has announced the closure of its trading window from October 1, 2026, until 48 hours after the declaration of its financial results for the quarter and nine months ending September 30, 2026. This measure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading. Insiders are restricted from trading in the company's equity shares during this period. The company will announce the board meeting date for approving these results in due course. Varun Beverages follows a January-December financial year.

Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary of Varun Beverages Ltd, has entered into an Exclusive Distribution Agreement with Mondelez South Africa Proprietary Limited. Effective October 1, 2026, the agreement grants the subsidiary exclusive rights to distribute Mondelez's chocolate, biscuit, candy, and gum products in Zimbabwe. Varun Beverages plans to leverage its existing distribution network for this expansion, with no immediate capital expenditure envisaged. This move is expected to expand the company's portfolio within the confectionery sector.

Varun Beverages Ltd has announced the resignation of Mr. Manmohan Rupal Paul from his position as Chief Operating Officer and Senior Management Personnel. His last working day will be September 24, 2026. The company has provided the necessary disclosures as per SEBI regulations, including the reason for change and the effective date of cessation. Mr. Paul expressed gratitude for the opportunities and support during his tenure.

Varun Beverages Limited's wholly-owned subsidiary, VBL Industries (Kenya) Limited, has launched two new beverage brands in Kenya: BOLT UP (an energy drink) and XTREME FIZZ (a carbonated soft drink). This expansion is part of VBL Kenya's long-term growth strategy to build locally relevant brands and deepen its investment in the Kenyan market. The company aims to strengthen its connection with Kenyan consumers by investing in distribution, retail presence, and marketing activities, targeting both traditional retail and modern trade channels. This move signifies Varun Beverages' commitment to growing its African footprint.

Varun Beverages Ltd has announced the incorporation of its wholly-owned subsidiary, KIVA Spirits and Company Limited. This follows an earlier board approval on August 25, 2026, to establish a new entity in India. The company has submitted the detailed disclosure as required by SEBI regulations. This move signifies Varun Beverages' strategic expansion into new business areas, potentially related to the spirits sector.

Varun Beverages Ltd announced its Board of Directors has approved the incorporation of two wholly-owned subsidiaries. The first, KIVA Spirits and Company Limited, will be established in India with a proposed authorized share capital of ₹10 Crore and paid-up capital of ₹9 Crore, focusing on Ready to Drink (RTD), Alcoholic Beverages, and allied products. The second, Varun Beverages Tunisia SA, will be set up in Tunisia with a proposed share capital of TND 9 Million, to produce and distribute beverages including soft drinks, juices, water, and dairy. Varun Beverages Limited will hold 100% of the Indian subsidiary and 75% of the Tunisian venture. Additionally, Mr. Prathmesh Mishra has been appointed as the CEO & Managing Director of the proposed Indian subsidiary.

Varun Beverages Ltd has announced the completion of the merger of its step-down subsidiary, Twizza Proprietary Limited, with its subsidiary, The Beverage Company Proprietary Limited (Bevco). This merger, previously approved by the boards of both entities, was subject to applicable laws in South Africa. Following the completion, Twizza is no longer a step-down subsidiary of Varun Beverages. The company had previously disclosed the initial approval for this merger on July 2, 2026.