Varun Beverages Limited will participate in an investor meeting scheduled for September 16, 2026. The company will engage with investors at the Jefferies India Forum in Gurugram.

Meeting Details

The event is organized pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price-sensitive information will be shared during the session.

Management Participation

Senior management will represent the company at the forum. Participants include:

• Raj Gandhi
• Deepak Dabas
• Manjit Singh

The disclosure was signed by Ravi Batra, Chief Risk Officer & Group Company Secretary, and uploaded to the company website.

Varun Beverages board approved the incorporation of a wholly-owned subsidiary for ready-to-drink alcoholic beverages and a joint venture in Tunisia on August 25, 2026. The board also appointed Prathmesh Mishra as CEO and Managing Director of the new subsidiary, KIVA Spirits and Company Limited.

Key corporate developments

The board's approvals mark two distinct strategic moves for the company. The first involves entering the ready-to-drink alcoholic beverages segment through a newly incorporated subsidiary named KIVA Spirits and Company Limited. The second is the establishment of a joint venture in Tunisia, expanding the company's international footprint.

Subsidiary details

The new Indian entity, KIVA Spirits and Company Limited, will be wholly owned by Varun Beverages. The proposed authorized share capital is ₹10 crore, with a paid-up equity share capital of ₹9 crore. Shares will have a face value of ₹10 each. The entity requires prior approval from the Ministry of Corporate Affairs.

Mr. Prathmesh Mishra has been appointed as CEO and Managing Director of the new subsidiary. Mr. Mishra brings over 30 years of experience in consumer businesses, including previous roles at Diageo and Pernod Ricard. He has also previously served as Chairman of Royal Challengers Bangalore (RCB).

Joint venture structure

The Tunisia joint venture, to be named Varun Beverages Tunisia SA or similar, will focus on the production and distribution of carbonated soft drinks, juices, water, and dairy. Varun Beverages will hold a 75% stake, while Bevanda (Tunisia) will hold 25%. The proposed share capital is TND 9 million, with shares having a face value of TND 10 each. The entity requires prior approval from the National Register of Enterprises (RNE).

Significance of the decisions

The formation of a dedicated subsidiary for ready-to-drink alcoholic beverages represents Varun Beverages' move into a distinct product category. The Tunisia joint venture signals continued geographic diversification for the company beyond its existing markets.