Varun Beverages will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live News

The Board of Varun Beverages will meet on 30 July 2024 to consider proposal for sub-division/split of existing equity shares of the Company having a face value of Rs. 5/- each, fully paid up. Powered by Capital Market - Live News

Varun Beverages RDC SAS, a wholly-owned subsidiary of Varun Beverages has started commercial production of carbonated soft drinks and packaged drinking water at its production facility at Kinshasa, Democratic Republic of Congo.Powered by Capital Market - Live News

Varun Beverages (VBL) announced that to further strengthen the relationship with PepsiCo and expand the footprint in PepsiCo snacks portfolio, VBL, through its subsidiaries - Varun Foods (Zimbabwe) (VFZ) and Varun Beverages (Zambia) VBZ, has discussed with PepsiCo to enter into an Exclusive Snacks Franchising Appointment with Premier Nutrition Trading LLC, Dubai (a PepsiCo Inc. subsidiary) to manufacture, distribute, and sell �Simba Munchiez� in the territory of Zimbabwe & Zambia.As per the understanding, an estimated investment in manufacturing facility would be around USD 7 mn (approx. Rs 60 crore) for an annual capacity of ~5,000 MT for manufacturing of Simba Munchiez in multiple SKUs at each location of Zimbabwe and Zambia.As agreed, the appointment will be effective on or before 1 October 2025 for Zimbabwe and 1 April 2026 for Zambia, once the respective manufacturing facilities comes into operation.Powered by Capital Market - Live News

The Board of Varun Beverages at its meeting held on 15 July 2024 has approved to enter into following exclusive agreements:(i) Varun Foods (Zimbabwe) (wholly-owned subsidiary of the Company) and Premier Nutrition Trading LLC, Dubai (subsidiary of PepsiCo Inc.) to manufacture, distribute & sell snacks �Simba Munchiez� in the territory of Zimbabwe on or before 01 October 2025 (i.e. the expected date of start of commercial production from company`s own manufacturing facility). (ii) Varun Beverages (Zambia) (subsidiary of the Company) and Premier Nutrition Trading LLC, Dubai (subsidiary of PepsiCo Inc.) to manufacture, distribute & sell snacks �Simba Munchiez� in the territory of Zambia on or before 01 April  2026 (i.e. the expected date of start of commercial production from company`s own manufacturing facility).Powered by Capital Market - Live News