Varun Beverages Limited — Capital/Financing Update 2021

Dec 14, 2021

corp VARUn BEVERAGES UIIIICED ©

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 14, 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.reIations@bseindia.com Symbol: VBL____ Security Code: 540180____

Subject: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements! Regulations, 2015: Grant of Stock Potions

Dear Sir/Madam,

The Nomination and Remuneration Committee of the Board of Directors in its meeting held today approved the following grant of stock options under the Employees Stock Option Scheme 2016 ("ESOS 2016"):

S. No.	Particulars			Details
(o	Brief details of		options	Grant of 94,650 Stock Options to the eligible
	q ranted			employees of the Company under the ESOS 2016
(ii)	Whether the scheme is in			Yes
	terms of SEBI		(SBEB)
	Regulations, 2014
	(if applicable)
(IN)	Total number	of	shares	94,650 Equity Shares of face value of Rs. 10/-
	covered by these options			each i.e. l(one) Equity Share of face value of Rs.
				10/- each against each Stock Option granted
(iv)	Pricing formula	/ Exercise		Rs. 907.00 per stock option
	Price
(V)	Vesting of Options			As per Clause 15 of the ESOP 2016
(vi)	Time within which		option	All vested Options shall be exercisable within 5
	may be exercised			(five) years from the date of vesting of the
				respective Stock Options
(vii)	Options exercised			Not applicable
(viii)	Money realized by	exercise of		Not applicable
	options
(ix)	The total number of shares			94,650 Equity Shares of face value Rs. 10/- each
	arising as a result	of exercise		will arise deeming all granted stock options are
	of option			vested and exercised.
(X)	Options lapsed			Not applicable
(xi)	Variation of terms	of options		Not applicable
(xii)	Brief details of	significant		ESOS 2016 is administered by the Nomination and
	terms			Remuneration Committee ("NRC") of the Board.

The grant of Options by NRC is based upon the eligibility criteria as per ESOS 2016. ^

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

W corp VARlin BEVERAGES UfTlICED Q

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

The granted Options, once vested shall entitle the Option holder to acquire equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and conditions of the ESOP 2016.

Equity Shares allotted upon exercise of Stock Options shall rank pari-passu with the existing Equity Shares of the Company. (xiii) Subsequent changes or Not applicable cancellation or exercise of such options (xiv) Diluted earnings per share Not applicable pursuant to issue of equity shares on exercise of options

You are requested to take the above on record.

Yours faithfully,

For Varun Beverages Limited Ravi Batra Chief Risk Officer & Group Company Secretary

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