Agreements

July 6, 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 Dear Sir / Madam, We would like to inform you that VBL Industries (Kenya) Limited (“VBL Kenya”) wholly-owned subsidiary of our Company has entered into an agreement (information received by our company at 10:01 AM today) to acquire the value- added dairy Beverages, Juices and Packaged Drinking Water of Devyani Food Industries (Kenya) Limited (“DFIL Kenya”) for a consideration of USD 32 Million (~INR 3,050 million, 1 USD = 95.30 INR). 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 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure - I and brief PPT covering transaction overview is enclosed as Annexure - II. The same is being uploaded on website of the Company at www.varunbeverages.com. 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026 S. Particulars Disclosure 1. Name(s) of parties with whom VBL Industries (Kenya) Limited, (“VBL Kenya”), wholly- the agreement is entered owned subsidiary of the Company and Devyani Food Industries (Kenya) Limited (“DFIL Kenya”), promoter group company 2. Purpose of entering into the Acquisition will enable VBL to deepen its penetration in agreement Kenya and the broader East African region by leveraging DFIL Kenya’s manufacturing infrastructure and distribution capabilities. 3. Size of agreement VBL Kenya will pay a consideration of USD 32 Million (~INR 3,050 million, 1 USD = 95.30 INR) to DFIL Kenya towards purchase consideration. 4. Shareholding, if any, in the Nil entity with whom the agreement is executed 5. Significant terms of the Agreement is to acquire the value- added dairy agreement (in brief) special Beverages, Juices and Packaged Drinking Water of DFIL rights like right to appoint Kenya together with all assets associated with the directors, first right to share business as a going concern for a consideration of USD subscription in case of issuance 32 Million. Transaction is expected to be completed on of shares, right to restrict any or before August 1, 2026. change in capital structure etc. 6. Whether, the said parties are VBL Kenya is a wholly-owned subsidiary of the Company related to promoter/promoter and DFIL Kenya is a promoter group company. group/ group companies in any manner. If yes, nature of relationship 7. Whether the transaction would Yes, transaction between VBL Kenya and DFIL Kenya is fall within related party done at arm’s length basis. transactions? If yes, whether the same is done at “arm’s length” 8. In case of issuance of shares to Not Applicable the parties, details of issue price, class of shares issued 9. In case of loan agreements, Not Applicable details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis 10. Any other disclosures related to None such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. 11. In case of termination or Not Applicable amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): i) name of parties to the agreement; ii) nature of the agreement; iii) date of execution of the agreement; iv) details of amendment and impact thereof or reasons of termination and impact thereof Annexure - II July 06, 2026 Varun Beverages Limited’s debut in Kenya VBL Kenya enters into a Business Transfer Agreement Transaction Overview VBL Industries (Kenya) Limited (“VBL Kenya”), a wholly-owned subsidiary of Varun Beverages Limited (“VBL”) has entered into a Business Transfer Agreement to acquire the business in Devyani Food Industries (Kenya) Limited (“DFIL Kenya”), a promoter group company, for a purchase consideration of USD 32 million (~INR 3,050 million, 1 USD = 95.30 INR). The manufacturing facility is at a strategically located land parcel of 52 acres with a built-up area of 17,500 sq. mtr. on a national highway in Nakuru, Kenya. Existing state-of-the-art facility includes manufacturing of value-added dairy beverages, Juices and Packaged Drinking Water. Utilities available at the plant include a RO plant, Boiler, Effluent Treatment Plant, DG set, Air compressor. Plant has been accredited from reputed international agencies such as Food Safety System Certification 22000, ISO 9001:2015, etc. which ensures the world class quality and safety of products. VBL Kenya is preparing to launch carbonated soft drinks range. Manufacturing plant & GTM Thank You!