Varun Beverages Limited — Capital/Financing Update 2021

Dec 14, 2021

corp VRRUn

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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 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.relations@bseindia.com Symbol: VBL____________________ Security Code: 540180______

Subject: Regulation 30 of SEBI (Listing Obligations and Disclosure Reguirements) 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
(i)	Briefdetailsof	options	Grant of 94,650 Stock Options to the eligible
	granted		employees of the Company under the ESOS 2016
(ii)	Whether the scheme is in		Yes
	termsofSEBI	(SBEB)
	Regulations, 2014
	(if applicable)
("0	Totalnumberof	shares	94,650 Eguity Shares of face value of Rs. 10/-
	covered by these options		each i.e. l(one) Eguity Share of face value of Rs.
			10/- each against each Stock Option granted
(iv)	Pricing formula / Exercise		Rs. 903.00 per stock option (Closing market price
	Price		of Eguity Shares of the Company on NSE on
			December 13, 2021 is Rs. 902.20 and which is
			rounded upto Rs. 903.00)
(y)_,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 Eguity 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.

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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

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VRRUn BEVERAGES LffflfCED

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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 a il: info@rjcorp.in • Visit us a t : www.varunpepsi.com CIN No. : L74899DL1995PLC069839

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

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 Varan Beverages Limited Ravi Batra i'Ib Chief Risk Officer & Group Company Secretary

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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