Varun Beverages Limited — Capital/Financing Update 2021

Dec 29, 2021

f corp V R R U n BEVERAGES UfDICED

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

December 29, 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 50 of the SEBI (Listing Obligations and Disclosure Requirements^: Intimation of incorporation of New Company in Democratic Republic of Congo

Dear Sir/Madam,

We would like to inform you that Varun Beverages Limited ("Company") has incorporated a New Company i.e. "Varun Beverages RDC SAS" in the Democratic Republic of Congo to carry on the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages.

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.

You are requested to take the above on record.

Yours faithfully, For Varun Beverages Limited Chief Risk Officer & Group Company Secretary Enel.: As above

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

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Corporate O ff : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E -m a il: 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.	Name of the target entity,	Name: Varun Beverages RDC SAS
	details in brief such as size,
	turnover etc.	Paid-up Share Capital: USD 10,000 divided into 1,000
		Shares of face value of USD 10 each
		Turnover/Size: Not applicable (yet to commence
		business operations)
2.	Whether the acquisition	Initial subscription of Shares in the New Company does
	would fall within related party	not fall under the definition of related party transaction
	transaction(s) and whether	as defined under the provisions of Section 188 of the
	the promoter/ promoter	Companies Act, 2013 and Regulation 23 of SEBI (Listing
	group/ group companies	Obligations and Disclosure Requirements) Regulations,
	have any interest in the entity	2015.
	being acquired? If yes, nature
	of interest and details thereof	The promoter / promoter group / group companies of
	and whether the same is	the Company does not have any direct shareholding in
	done at "arms length"	the new Company.
		The above-mentioned transaction is in the ordinary
		course of business and at arm's length.
3.	Industry to which the entity	FMCG
	being acquired belongs
4.	Objects and effects of	To carry on the business of manufacturing, selling,
	acquisition (including but not	trading and distribution of carbonated and non-
	limited to, disclosure of	carbonated beverages i.e. in line with the main activity
	reasons for acquisition of	of our Company.
	target entity, if its business is
	outside the main line of	The above-mentioned territory will help our Company to
	business of the listed entity)	expand its operations in the Democratic Republic of Congo.
5.	Brief details of any	Not applicable
	governmental or regulatory
	approvals required for the
	acquisition

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corp VRRUn BEVERAGES LffTHCED G

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

6.	Indicative time period for	Not applicable
	completion of the acquisition
7.	Nature of consideration -	Cash consideration. USD 9,990			towards subscription of
	whether cash consideration	999 Shares of	face	value of USD 10 each.
	or share swap and details of
	the same
8.	Cost of acquisition or the	Face value of	USD	10 each.
	price at which the shares are
	acquired
9.	Percentage of shareholding /	Varun Beverages Limited: 99.90%
	control acquired and / or	Shankar Krishnan Iyer: 0.10%
	number of shares acquired
10.	Brief background about the	Line of business:		Manufacturing, selling, trading and
	entity acquired in terms of	distribution	of	carbonated	and non-carbonated
	products/line of business	beverages.
	acquired, history of last 3
	years turnover, country in	Country of Incorporation: Democratic Republic of Congo
	which the acquired entity has
	presence and any other	Turnover: Not applicable (yet			to commence business
	significant information (in	operations)
	brief)

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