General Updates

September 30, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: VBL Security Code: 540180 Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update Dear Sir / Madam, In continuation to our previous disclosure dated March 17, 2026 wherein it was disclosed that The Beverage Company Proprietary Limited (“Bevco”), subsidiary of our Company, entered into an Agreement dated March 17, 2026 for acquisition of 100% equity stake of Crickley Dairy Proprietary Limited (“Crickley”) (incorporated in South Africa) from Clark Holdings Proprietary Limited (“Seller”) to diversify its product portfolio into new categories viz. value-added dairy based drinks for an enterprise value of ZAR 238 million (INR 1,314.68 million; 1 ZAR = 5.52 INR), subject to regulatory and other approvals (if any) including but not limited to Competition Commissions of South Africa. We would like to update that the above-mentioned transaction has been referred to The Arbitration Foundation of Southern Africa (“AFSA”) due to non-fulfillment of condition precedent on or before the long stop date i.e. September 30, 2026. The detailed disclosure as required under Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure - I. You are requested to take the above on record. Yours faithfully, For Varun Beverages Limited Ravi Batra Chief Risk Officer & Group Company Secretary Encl.: As above Annexure - I Disclosure under Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026 S. No. Particulars Disclosure 1. Brief details of litigation viz. Name of Opposing Parties: Crickley Dairy Proprietary name(s) of the opposing party, Limited (“Crickley”) and Clark Holdings Proprietary court/tribunal/agency where Limited (“Seller”). litigation is filed, brief details of dispute/litigation Arbitration: The Arbitration Foundation of Southern Africa (“AFSA”). Brief details: Non-fulfillment of condition precedent on or before long stop date i.e. September 30, 2026 and termination of Agreement dated March 17, 2026. 2. Expected financial implications, Exposure is limited upto the above-mentioned if any, due to compensation, acquisition cost. penalty etc. 3. Quantum of claims, if any Refer point no. 2 as mentioned above.