General Updates

August 25, 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, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with Schedule III to the Listing Regulations, we would like to inform you that the Board of Directors of the Company at their meeting held today (started at 4:00 P.M. and concluded at 4:13 P.M.) approved: (i) To incorporate a wholly-owned subsidiary company in India, inter-alia to carry on the business of Ready to Drink (RTD), Alcoholic Beverages and allied products, subject to receipt of applicable requisite approvals. (ii) The appointment of Mr. Prathmesh Mishra as CEO & Managing Director of the above-mentioned proposed wholly-owned subsidiary company which is being incorporated to undertake the company’s diversification into RTD, Alcoholic Beverages and allied products. (iii) To incorporate a joint venture company in Tunisia, inter-alia to carry on the business of production and distribution of beverages including carbonated soft drinks, juices, water and dairy, subject to receipt of applicable requisite approvals. The detailed disclosure as required for point nos. (i) & (iii) above under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure - I & Annexure - II respectively and brief profile of Mr. Prathmesh Mishra is enclosed as Annexure - III. 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 Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026 for point no. (i) S. Particulars Disclosure 1. Name of the entity, date & KIVA Spirits and Company Limited country of incorporation, etc. Date of incorporation: Yet to be incorporated Country of Incorporation: India 2. Name of holding company of the Varun Beverages Limited will be the holding company of incorporated company and KIVA Spirits and Company Limited relation with the listed entity 3. Industry to which the entity Alcoholic Beverages being incorporated belongs 4. Brief background about the To carry on the business of Ready to Drink (RTD), entity incorporated in terms of Alcoholic Beverages and allied products, subject to products / line of business receipt of applicable requisite approvals 5. Brief details of any Prior approval of Ministry of Corporate Affairs governmental or regulatory approvals required for the incorporation 6. Nature of consideration - Cash consideration whether cash consideration or share swap and details of the Proposed Authorized Share Capital: Rs. 10 Crore same Proposed Paid-up Equity Share Capital: Rs. 9 Crore 7. Cost of subscription / price at Face value of Rs. 10/- each which the shares are subscribed 8. Percentage of shareholding / 100% paid-up equity share capital to be held by Varun control by the listed entity and / Beverages Limited or number of shares allotted Annexure - II Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026 for point no. (iii) S. Particulars Disclosure 1. Name of the entity, date & Varun Beverages Tunisia SA or any other similar name country of incorporation, etc. as may be approved by the regulatory authority Date of incorporation: Yet to be incorporated Country of Incorporation: Tunisia 2. Name of holding company of the Varun Beverages Limited will be the holding company of incorporated company and Varun Beverages Tunisia SA relation with the listed entity 3. Industry to which the entity FMCG being incorporated belongs 4. Brief background about the To carry on the business of production and distribution entity incorporated in terms of of beverages including carbonated soft drinks, juices, products / line of business water and dairy, subject to receipt of applicable requisite approvals 5. Brief details of any Prior approval of National Register of Enterprises (RNE) governmental or regulatory approvals required for the incorporation 6. Nature of consideration - Cash consideration whether cash consideration or share swap and details of the Proposed Share Capital: TND 9 Million same 7. Cost of subscription / price at Face value of TND 10/- each which the shares are subscribed 8. Percentage of shareholding / Varun Beverages Limited (India): 75% control by the listed entity and / Bevanda (Tunisia): 25% or number of shares allotted Annexure - III Brief Profile of Mr. Prathmesh Mishra Mr. Prathmesh Mishra is a seasoned business leader with over 30 years of experience across consumer businesses. He most recently served as Managing Director for Korea and Japan at Diageo, where he was responsible for driving business growth and strategic leadership across two premium, complex markets in Asia. Prior to this international assignment, Mr. Mishra held several senior leadership positions at Diageo India. He served as Chief Commercial Officer for seven years, leading the company's commercial strategy and execution and earlier as Chief Operating Officer – West for three years, overseeing regional operations and business performance. Before joining Diageo, Mr. Mishra spent 14 years with Pernod Ricard, India, where he held a range of leadership roles, including Vice President – North, Region Head roles in West, Central & CSD. Prior to that he was National Controller – Key Accounts. During his tenure, he played a significant role in strengthening sales, key account management and regional business operations. He also served as Chairman of Royal Challengers Bangalore (RCB), where he helped transform the franchise into one of the most commercially successful sports brands in India. Mr. Mishra began his career in 1993 as a Management Trainee with Inertia Industries Ltd. He later worked with Mohan Meakins before joining Pernod Ricard in 2000, building a strong foundation in sales, distribution and commercial management. He holds a Bachelor of Arts from the University of Delhi (1991) and a Post Graduate Diploma in Business Management (PGDBM) from IMS Ghaziabad (1993).