Varun Beverages Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Varun Beverages Limited
Symbol
VBL
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Date Of End Of Financial Year
31-Dec-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
20-Apr-2026
Date Of Start Of Financial Year
01-Jan-2026
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Is SCORESID Available
Yes
ISIN
INE200M01039
Market Capitalisation As Per Immediate Previous Financial Year
Top 100 listed entities
MSEI Symbol
NOTLISTED
Name Of Signatory
Ravi Batra
Name Of Signatory For Quartely Affirmations
Ravi Batra
Name Of The Company
VARUN BEVERAGES LIMITED
Place
Gurugram
Reporting Quarter
Quarterly
SCORES Registration ID
v00412
Scrip Code
540180
Symbol
VBL
Type Of Company
Equity
Type Of Submission
Original
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit9
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
As per Reg. 26 of SEBI LODR, no. of post of Chairperson in Audit/Stakeholder Committee held includes public limited companies, whether listed or not. The Shareholders of the Company at their 31st Annual General Meeting held on 1 April 2026 approved the continuation of directorship of Mr. Abhiram Seth (DIN: 00176144) as a Non-Executive Independent Director in terms of Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (who will attain 75 years of age on December 8, 2026 till his current tenure of appointment i.e. upto May 1, 2028).
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrRavi Kant Jaipuria******00003668Non-Executive - Non Independent DirectorChairperson related to Promoter28-Nov-1954NoActiveNot Applicable16-Jun-19953010
2MrVarun Jaipuria******02465412Executive DirectorNot Applicable10-Nov-1987NoActiveNot Applicable01-Jan-200901-Nov-20242000
3MrRaj Pal Gandhi******00003649Executive DirectorNot Applicable07-Jun-1957NoActiveNot Applicable21-Oct-200401-Nov-20242050
4MrRajinder Jeet Singh Bagga******08440479Executive DirectorNot Applicable05-Jul-1963NoActiveNot Applicable02-May-201902-May-20241000
5MrNaresh Trehan******00012148Non-Executive - Non Independent DirectorNot Applicable12-Aug-1946NoActiveYes03-Apr-202421-Apr-20242000
6MrRavi Gupta******00023487Non-Executive - Independent DirectorNot Applicable21-Oct-1954NoActiveNot Applicable19-Mar-201819-Mar-202396.134485
7MrAbhiram Seth******00176144Non-Executive - Independent DirectorNot Applicable09-Dec-1951NoActiveNot Applicable02-May-202334.32232
8MrAnil Kumar Sondhi******00696535Non-Executive - Independent DirectorNot Applicable31-Jan-1956NoActiveNot Applicable02-May-202334.31100
9MsSita Khosla******01001803Non-Executive - Independent DirectorNot Applicable01-May-1962NoActiveNot Applicable16-Feb-201816-Feb-202397.131121
10MsRashmi Dhariwal******00337814Non-Executive - Independent DirectorNot Applicable02-Jun-1956NoActiveNot Applicable19-Mar-201819-Mar-202396.1333102

Committee Disclosures

Entry CompComit122
Date of Appointment
19-Mar-2018
Entry CompComit123
Date of Appointment
27-Apr-2016
Entry CompComit124
Date of Appointment
04-Nov-2019
Entry CompComit125
Date of Appointment
20-Mar-2015
Entry CompComit14
Date of Appointment
19-Mar-2018
Entry CompComit15
Date of Appointment
19-Mar-2018
Entry CompComit16
Date of Appointment
30-Oct-2019
Entry CompComit41
Date of Appointment
19-Mar-2018
Entry CompComit42
Date of Appointment
27-Apr-2016
Entry CompComit43
Date of Appointment
19-Mar-2018
Entry CompComit68
Date of Appointment
19-Mar-2018
Entry CompComit69
Date of Appointment
28-Mar-2016
Entry CompComit70
Date of Appointment
07-Feb-2019
Entry CompComit95
Date of Appointment
09-Aug-2018
Entry CompComit96
Date of Appointment
09-Aug-2018
Entry CompComit97
Date of Appointment
30-Oct-2019
Entry MainD
Disclosure Of Notes On Composition Of Committees Explanatory Text Block
To comply with Regulation 21 of SEBI (LODR) (Amendment) Regulations, 2018 the Board of Directors of the Company have renamed Audit Committee as Audit and Risk Management Committee w.e.f August 9, 2018.
Risk Management Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00023487
Member Name
Ravi Gupta
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00337814
Member Name
Rashmi Dhariwal
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
01001803
Member Name
Sita Khosla
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00337814
Member Name
Rashmi Dhariwal
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00003668
Member Name
Ravi Kant Jaipuria
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
02465412
Member Name
Varun Jaipuria
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00003649
Member Name
Raj Pal Gandhi
Position
Executive Director

Corporate Social Responsibility Committee

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00337814
Member Name
Rashmi Dhariwal
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00003668
Member Name
Ravi Kant Jaipuria
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00023487
Member Name
Ravi Gupta
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00023487
Member Name
Ravi Gupta
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00337814
Member Name
Rashmi Dhariwal
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
01001803
Member Name
Sita Khosla
Position
Non-Executive - Independent Director

Risk Management Committee

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
01001803
Member Name
Sita Khosla
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00003649
Member Name
Raj Pal Gandhi
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00337814
Member Name
Rashmi Dhariwal
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Entry MainD
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
29-Oct-2025
Number Of Directors Present In Meeting Of Board Of Directors
9
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingBOD2
Dates Of Meeting In The Previous Quarter
21-Dec-2025
Maximum Gap Between Any Two Consecutive Meetings
52
Number Of Directors Present In Meeting Of Board Of Directors
9
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
03-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
43
Number Of Directors Present In Meeting Of Board Of Directors
10
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
03-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
96
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
03-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
96
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
03-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
96
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
03-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
96
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit9
Dates Of Meeting Of The Committee In The Relevant Quarter
03-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
No Of Investor Complaints Disposed Off During The Period
0
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
0
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Entry D_AcquisitionShares1
Percentage Of Shares Or Voting Rights Acquired During The Quarter
0.23
Entry D_AcquisitionShares2
Percentage Of Shares Or Voting Rights Acquired During The Quarter
1
Entry I_AcquisitionShares_PY1
Percentage Of Aggregate Holding Of Shares Or Voting Rights
0.26
Entry I_AcquisitionShares_PY2
Percentage Of Aggregate Holding Of Shares Or Voting Rights
0
Entry I_AcquisitionShares1
Date Of Acquisition
11-Mar-2026
Name Of The Unlisted Company In Which Shares Or Voting Rights Have Been Acquired
Jager Renewables Two Private Limited
Percentage Of Aggregate Holding Of Shares Or Voting Rights
0.49
Entry I_AcquisitionShares2
Date Of Acquisition
18-Mar-2026
Name Of The Unlisted Company In Which Shares Or Voting Rights Have Been Acquired
Twizza Proprietary Limited
Percentage Of Aggregate Holding Of Shares Or Voting Rights
1
Entry MainD
Any Other Information For Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Explanatory Text Block
Note to Entry No. 1: Acquisition of additional 23% Equity Share Capital of Jager Renewables Two Private Limited (a special purpose vehicle engaged to generate & supply solar power to consumers in the state of Rajasthan) to obtain solar power for captive consumption. Upon consummation of the above-mentioned transaction, Company holds 49% of Equity Share Capital of Jager Renewables Two Private Limited. Note to Entry No. 2 - The Beverage Company Proprietary Limited, subsidiary in South Africa, acquired 100% Share Capital of Twizza Proprietary Limited (a company incorporated under the laws of South Africa) and accordingly it become step down subsidiary of the Company.
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
Yes
Reason For Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity
There were no updates on ongoing tax litigations or disputes in terms of provisions of Para B(8) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 during this reporting period.
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
No
Entry I_ImpositionOfFineOrPenalty1
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
06-Jan-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty10
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
21-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 10,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty11
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
25-Mar-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty12
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
27-Mar-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed intimation of import of goods in India
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty2
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
09-Jan-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty3
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
13-Jan-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty4
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
15-Jan-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty5
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
27-Jan-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty6
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
09-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty7
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
12-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty8
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
04-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 5,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry I_ImpositionOfFineOrPenalty9
Authority
Central Board of Indirect Taxes & Customs
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
21-Feb-2026
Financial / Operational Impact
There is no material impact on financial, operational, or other activities of the Company
Nature And Details Of The Action Taken Or Order Passed
Fine of Rs. 10,000 for delayed filing of Bill of Entry
Violation Details
Refer Nature and details of the action(s) taken or order(s) passed
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes