Varun Beverages surges 5%, nears record high on strong growth outlook
The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population
Varun Beverages Ltd - 540180 - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015: Intimation Of Investment In The Share Capital Of Lone Cypress Ventures Private Limited
We would like to inform you that Varun Beverages Limited ('Company') has invested 9.80% of Equity Share Capital (5.68% on fully diluted basis) of Lone Cypress Ventures Private Limited, a special purpose vehicle inter-alia engaged to supply solar power to consumers in the state of Uttar Pradesh. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - I.
Indian soft drink market likely to see significant growth: Varun Beverages
The Indian soft drink market is expected to see "significant growth" as consumption is anticipated to increase steadily, which will deliver sustainable and healthy volume growth across all product categories, said Varun Beverages Ltd (VBL), PepsiCo's largest franchise bottler. This would be driven by factors such as shifting population demographics, the rising spending power of young consumers, accelerated urbanisation, and growing rural consumption. The company is in the process of further expanding its capacities to meet the higher demand expectations, said VBL in its latest annual report. Its distribution model and on-the-ground end-to-end infrastructure facilities continue to be the key growth drivers and VBL remains committed to extending it to newer areas and under-penetrated regions to further boost its market presence," it added. While from an operational standpoint, VBL continues to focus on new product categories and evolving customer preferences. Launch of new products
Buy Varun Beverages; target of Rs 1620: Motilal Oswal
Motilal Oswal is bullish on Varun Beverages recommended buy rating on the stock with a target price of Rs 1620 in its research report dated March 09, 2023. Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended), Regulations 44 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with previous General Circulars including 10/2022 dated December 28, 2022 issued by the Ministry of Corporate Affairs, copies of the newspaper advertisement published in "Business Standard" English and Hindi language on March 2, 2023 regarding Notice of 28th AGM of the Company scheduled to be held on Monday, March 27, 2023 through Video Conferencing/Other Audio Visual Means facility are enclosed herewith. The same is also available on website of the Company at www.varunpepsi.com. Varun Beverages Ltd - 540180 - Business Responsibility and Sustainability Reporting (BRSR)
Submission of BRSR Report (PDF File) for Financial Year 2022 Varun Beverages Ltd - 540180 - Reg. 34 (1) Annual Report.
In continuation to our letter dated February 6, 2023, as required under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the following: 1. Notice of the 28th Annual General Meeting of the Company scheduled to be held on Monday, March 27, 2023 at 11:00 A.M. (IST) through Video Conferencing / Other Audio Visual Means facility; and 2. Annual Report of the Company for the Financial Year ended December 31, 2022. Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2(41) of the Companies Act, 2013 as approved by the Company Law Board. Varun Beverages Ltd - 540180 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 8, 2019, please find enclosed herewith Annual Secretarial Compliance Report for the Financial Year ended December 31, 2022 issued by M/s Sanjay Grover & Associates, Company Secretaries. Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2 (41) of the Companies Act, 2013 as approved by the Company Law Board. Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021 and 10/2022 dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 14, 2021 and December 28, 2022 respectively issued by the Ministry of Corporate Affairs, copies of the newspaper advertisement published in "Business Standard" in English and Hindi language on February 24, 2023 regarding convening of 28th AGM of the Company on Monday, March 27, 2023 through Video Conferencing/Other Audio Visual Means facility are enclosed herewith. The same is also available on website of the Company at www.varunpepsi.com. Varun Beverages Ltd - 540180 - Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015: Disclosure Of Related Party Transactions For The Half Year Ended December 31, 2022
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions for the Half Year ended December 31, 2022. Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2(41) of the Companies Act, 2013 as approved by the Company Law Board.