Varun Beverages promoters declare non-encumbrance of shares
Varun Beverages Limited's promoters and persons acting in concert declared no encumbrance of shares for the financial year ended December 31, 2025, and the period ended March 31, 2026. The disclosure was made to stock exchanges under SEBI Takeover Regulations. The company's financial year runs from January 1 to December 31.

*this image is generated using AI for illustrative purposes only.
Varun Beverages Limited's promoters and persons acting in concert have confirmed that they have not encumbered their shares, directly or indirectly, during the financial year ended December 31, 2025, and the period ended March 31, 2026. This declaration was submitted to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosure ensures that no new liens or charges have been created on the promoter holdings other than those previously disclosed. The company follows a financial year from January 1 to December 31 as approved by the Company Law Board under Section 2(41) of the Companies Act, 2013.
The filing was signed by Ravi Kant Jaipuria on behalf of the Promoter, Promoter Group, and Persons Acting in Concert. The declaration includes a comprehensive list of 71 entities categorized as promoters or promoter group members.
Promoter and Promoter Group Details
The following table details the individuals and entities comprising the promoter and promoter group of Varun Beverages Limited as on March 31, 2026:
| S. No. | Name | Category |
|---|---|---|
| 1 | Ravi Kant Jaipuria | Promoter |
| 2 | Varun Jaipuria | Promoter |
| 3 | RJ Corp Limited | Promoter |
| 4 | Devyani Jaipuria | Promoter Group |
| 5 | Dhara Jaipuria | Promoter Group |
| 6 | Vivek Gupta | Promoter Group |
| 7 | Vivek Gupta (HUF) | Promoter Group |
| 8 | Kimaya Jaipuria | Promoter Group |
| 9 | Aishwarya M Mariwala | Promoter Group |
| 10 | Bela Jyoti Kumar Saha | Promoter Group |
| 11 | Blackvelvet Hospitality Private Limited | Promoter Group |
| 12 | Madhav H Mariwala | Promoter Group |
| 13 | Madhu Rajendra Jindal | Promoter Group |
| 14 | Nandini Madhav Mariwala | Promoter Group |
| 15 | Accor Realcon Private Limited | Promoter Group |
| 16 | Capital Infracon Private Limited | Promoter Group |
| 17 | Chanda Exports Private Limited | Promoter Group |
| 18 | Cryoviva Life Sciences Private Limited | Promoter Group |
| 19 | Cryoviva Biotech Private Limited | Promoter Group |
| 20 | CV Biotech Private Limited | Promoter Group |
| 21 | Devyani Food Industries Limited | Promoter Group |
| 22 | Devyani International Limited | Promoter Group |
| 23 | Devyani Jaipuria Sports Academy Private Limited | Promoter Group |
| 24 | Devyani PVR Inox Private Limited | Promoter Group |
| 25 | Devyani RK Private Limited | Promoter Group |
| 26 | Empire Stocks Private Limited | Promoter Group |
| 27 | Fuelbuddy Future Energy Private Limited | Promoter Group |
| 28 | Gee Kay Builder and Development Services Private Limited | Promoter Group |
| 29 | Jacore Energy Private Limited | Promoter Group |
| 30 | KV Retail Private Limited | Promoter Group |
| 31 | Lotus Holdings | Promoter Group |
| 32 | Lineage Healthcare Limited | Promoter Group |
| 33 | Madhav Mariwala HUF | Promoter Group |
| 34 | Manog Securities Private Limited | Promoter Group |
| 35 | Marison Finvest Private Limited | Promoter Group |
| 36 | Modern Montessori International (India) Private Limited | Promoter Group |
| 37 | Peanutbutter and Jelly Private Limited* | Promoter Group |
| 38 | Sara Ferrous Private Limited | Promoter Group |
| 39 | Say Chefs Eatery Private Limited | Promoter Group |
| 40 | SFT Technologies Private Limited | Promoter Group |
| 41 | SFT Syscon Private Limited | Promoter Group |
| 42 | Sky Gate Hospitality Private Limited | Promoter Group |
| 43 | S V S India Private Limited | Promoter Group |
| 44 | Sylvan Realty Private Limited | Promoter Group |
| 45 | Voltsun Labs Private Limited | Promoter Group |
| 46 | Accor Developers Private Limited | Promoter Group |
| 47 | Accor Industries Private Limited | Promoter Group |
| 48 | Africare Distributors Limited* | Promoter Group |
| 49 | Africare Limited* | Promoter Group |
| 50 | Arctic Overseas Pte Ltd. | Promoter Group |
| 51 | Arctic International Private Limited | Promoter Group |
| 52 | Blackbriar Co. Ltd. | Promoter Group |
| 53 | Cryoviva International Pte. Ltd | Promoter Group |
| 54 | Cryoviva Malaysia Sdn. Bhd. | Promoter Group |
| 55 | Cryoviva Singapore Pte. Ltd. | Promoter Group |
| 56 | Devyani Food Industries (Kenya) Ltd. | Promoter Group |
| 57 | Devyani International (Nepal) Private Limited | Promoter Group |
| 58 | Devyani International (Nigeria) Limited | Promoter Group |
| 59 | Devyani International DMCC | Promoter Group |
| 60 | Fuel Buddy Zambia Limited | Promoter Group |
| 61 | RDJ Global DMCC | Promoter Group |
| 62 | Restaurants Development Co. Ltd. | Promoter Group |
| 63 | Reviva Cell (Thailand) Company Limited | Promoter Group |
| 64 | Reviva Cell Technologies Pte. Ltd. | Promoter Group |
| 65 | RJ Corp International (UK) Private Limited | Promoter Group |
| 66 | RV Enterprizes Pte. Ltd. | Promoter Group |
| 67 | RJ International Holdco FZCO | Promoter Group |
| 68 | Varun Developers Private Limited | Promoter Group |
| 69 | Varun Food & Beverages (Zambia) Limited | Promoter Group |
| 70 | White Snow Company Limited | Promoter Group |
| 71 | Yellow Palm Co. Ltd. | Promoter Group |
*Promoter/Promoter Group divested its shareholding in these entities.
The list includes entities with nil shareholding as filed quarterly in the shareholding pattern with the stock exchanges pursuant to a SEBI circular dated March 20, 2025.
Historical Stock Returns for Varun Beverages
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.39% | +1.85% | +3.52% | +11.80% | +12.80% | +398.63% |
Will the unencumbered status of promoter shares facilitate future fund-raising activities or acquisitions for Varun Beverages?
Does the clean holding signal a shift in the promoter group's strategy toward reducing leverage across their wider business interests?
How might this declaration impact investor confidence and stock volatility given the recent regulatory compliance focus?

































