Varun Beverages Limited — Board/Management Information 2021

Aug 2, 2021

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Corporate Off : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-mail : info@rjcorp.in • Visit us at : www.varunpepsi.com CIN No. : L74899DL1995PLC069839

August 2, 2021

To,

National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/l, Bandra Kurla Phiroze Jeejeebhoy Towers Complex, Bandra (E), Mumbai - 400 051 Dalai Street, Mumbai - 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: VBL___ Security Code: 540180_

Subject: Regulation 30: Outcome of the Board Meeting

Dear Sir/Madam,

The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:30 A.M.) inter-alia considered and approved the following:

1. The Unaudited Financial Results of the Company (Standalone and Consolidated) for the Quarter and Half Year ended June 30, 2021 (Copy of the same along-with Limited Review Report issued by M/s. Walker Chandiok & Co., LLP, Chartered Accountants and M/s. APAS &Co. LLP, Chartered Accountants, Joint Statutory Auditors of the Company, with unmodified opinion are attached and the same are being uploaded on website of the Company).

2. The payment of interim dividend of Rs. 2.50 (Two Rupees and Fifty Paisa only) per Equity Share for the financial year 2021 on the total issued, subscribed and paid-up 43,30,33,080 Equity Shares of the nominal value of Rs. 10/- each.

3. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, fixed Thursday, August 12, 2021 as the "RECORD DATE" for ascertaining the eligibility of the Equity Shareholders for payment of interim dividend.

The interim dividend will be paid on and from Friday, August 13, 2021 to those shareholders whose name appears in the Register of Members of the Company or in the list of beneficial owners maintained by the Depositories as on Thursday, August, 12, 2021.

1. Upgradation of Mr. Vikas Bhatia as a Chief Financial Officer and Key Managerial Personnel of the Company with immediate effect, due to his role enhancement.

Further, pursuant to recommendation of Nomination and Remuneration Committee and Audit, Risk Management and Ethics Committee, Mr. Rajesh Chawla is upgraded as Chief Financial Officer and Key Managerial Personnel of the Company with immediate effect in place of Mr. Vikas Bhatia.

The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - 1.

Regd. Office : F-2/7, Okhla Industrial Area Phase-1, New Delhi - 110 020 Tel. : 011-41706720-25 Fax. 26813665

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corp VRRlin BEVERAGES LffllfCED

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Corporate Off : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India)

Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-m ail: info@rjcorp.in • Visit us a t : www.varunpepsi.com

CIN No. : L74899DL1995PLC069839

Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2 (41) of the Companies Act, 2013 as approved by the Company Law Board.

You are requested to take the above on record.

Yours faithfully,

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Chief Risk Officer & Group Company Secretary

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Enel.: As above

Regd. Office : F-2/7, Okhla Industrial Area Phase-1, New Delhi - 110 020 Tel. : 011-41706720-25 Fax. 26813665

corp

VARLOT BEVERAGES Lff7)fCED

Corporate Off : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph-: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-m ail: info@rjcorp.in • Visit us a t : www.varunpepsi com

CIN No. : L74899DL1995PLC069839

Annexure - 1

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements^ Regulations, 2015

s.	Particulars						Disclosure
No.
1 .	Reason for		change		viz.		Mr. Rajesh Chawla is upgraded as a Chief Financial
	appointment,		resignation,				Officer and Key Managerial Personnel.
	removal, death		or	otherwise
2.	Date of		appointment/				With immediate effect, i.e. August 2, 2021.
	cessation (as		applicable)			&
	term of appointment
3.	Brief profile		(in	case		of	Mr. Rajesh Chawla is a qualified CA. He had joined the
	appointment)						Company on February 1, 2021 as Senior Vice President -
							Finance and is being inducted into the current position
							with immediate effect.
							Mr. Chawla is a Finance professional with a diversified
							career spanning across more than 25 years of experience
							in controllership, commercial, manufacturing finance,
							financial planning, taxation etc. Before joining Varun
							Beverages Limited, he has worked with reputed
							organization like Whirlpool & SIS Group. In his earlier
							roles he was involved and leading the various projects of
							margin improvement, cost rationalization, working
							capital optimization, strengthening cash flows and
							driving ERP strategy of organization.
							He is not related to any Director/KMP of the Company.
4.	Disclosure	of	relationships				Not applicable.
	between directors			(in case		of
	appointment of a director)

Regd. Office : F-2/7, Okhla Industrial Area Phase-1, New Delhi - 110 020 Tel. : 011-41706720-25 Fax. 26813665