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- Board approved incorporation of a wholly-owned subsidiary, KIVA Spirits and Company Limited, in India for Ready To Drink (RTD) alcoholic beverages and allied products. - Mr. Prathmesh Mishra was appointed as CEO & Managing Director of the new Indian subsidiary. - The Board also approved a joint venture company in Tunisia (75% VBL, 25% Bevanda) for the production and distribution of various beverages including soft drinks, juices, water, and dairy.

- Varun Beverages announced the completion of the merger of Twizza Proprietary Limited (a step-down subsidiary) with The Beverage Company Proprietary Limited (a subsidiary), as previously disclosed on July 2, 2026. - Consequently, Twizza has ceased to be a step-down subsidiary of the company.

- Varun Beverages Limited (VBL) received an ESG Rating of '63' for FY 2026 from NSE Sustainability Ratings & Analytics Limited. This rating was '62' for FY 2025.

- Varun Beverages Limited to participate in an investor meeting. - Date: August 17, 2026. - Event: Motilal Oswal 22nd Annual Global Investor Conference, 2026 in Mumbai. - Management Participants: Mr. Raj Gandhi and Mr. Deepak Dabas. - No unpublished price sensitive information will be shared.

- Q2 CY2026 Consolidated Performance: Sales volume grew by 19.8%, net revenue from operations increased by 20.4% YoY to ₹84,512.3 million, EBITDA grew by 17.2% to ₹23,430.4 million, and PAT grew by 15.1% to ₹15,253.6 million. - EBITDA Margin: Stood at 27.7% in Q2, declining by 76bps YoY primarily due to the consolidation of Twizza (South Africa) which operates at lower margins. India EBITDA margins improved by 38bps. - Strategic Expansions: Extended exclusive bottling and trademark license agreement with PepsiCo in India until April 2049. Entered strategic alliance with Asahi Group Holdings to introduce the CALPIS brand in India and agreed to acquire Devyani Food Industries (Kenya) Limited business for GTM expansion. - Growth Outlook: Management expects continued healthy growth of 20%+ in India (except for April due to weather impact) and sees significant potential in international markets. Value-added dairy (VAD) is growing over 40% and Nimbooz over 30%. - Financial Position & Capital Allocation: VBL India remains net debt-free with a surplus cash of ~₹14,941 million. Consolidated net debt stood at ~₹3,730 million as of June 30, 2026, largely due to the Twizza acquisition. H1 CY2026 net capitalized capex amounted to ~₹9,500 million. - Dividend & Credit Rating: Declared an interim dividend of ₹0.50 per share (25% of face value). CRISIL reaffirmed the company's long-term rating for bank loan facilities at AAA stable.

- Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary, incorporated a Joint Venture company named "Varun Beverages Holding (Zimbabwe) (Private) Limited" in Zimbabwe on August 3, 2026. - The subsidiary holds a 70% stake in the new JV, which is a holding/investment company.

- VBL Industries (Kenya) Limited, a subsidiary of Varun Beverages Limited, successfully completed the acquisition of the value-added dairy beverages, juices, and packaged drinking water business of Devyani Food Industries (Kenya) Limited for USD 32 Million. - The acquisition is effective from August 1, 2026.

- Link to the audio recording of the Investors & Analysts Conference Call held on July 28, 2026, discussing Unaudited Financial Results for the Quarter and Half Year ended June 30, 2026.

- Board approved Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended June 30, 2026. - Declared 2nd interim dividend of ₹0.50 (Fifty Paisa only) per Equity Share for FY2026. - The Record Date for the dividend is August 1, 2026, with payment on and from August 4, 2026.

- Board approved Unaudited Financial Results for Quarter and Half Year ended June 30, 2026. - Declared 2nd interim dividend of ₹0.50 per Equity Share for FY 2026. - Record Date for dividend is August 1, 2026; Payment on and from August 4, 2026.

- Consolidated Revenue ₹8,451.23 Cr vs ₹7,017.37 Cr (▲20.4% YoY) - EBITDA ₹2,343.04 Cr vs ₹1,998.77 Cr (▲17.2% YoY) - PAT ₹1,525.36 Cr vs ₹1,325.49 Cr (▲15.1% YoY) - EBITDA Margin 27.7% vs 28.5% (▼76bps)

- Consolidated Revenue ₹8,650.57 Cr vs ₹7,163.02 Cr (▲20.76% YoY) - EBITDA ₹2,338.75 Cr vs ₹1,997.58 Cr (▲17.08% YoY) - PAT ₹1,525.36 Cr vs ₹1,325.49 Cr (▲15.08% YoY) - EBITDA Margin 27.03% vs 27.89% (▼86bps) - Declared a 2nd interim dividend of ₹0.50 per Equity Share for FY2026. - Acquired 100% of Twizza Proprietary Limited (South Africa) for ~₹11,398 million. - Entered agreement to acquire 100% stake in Crickley Dairy Proprietary Limited (South Africa). - Revised EBA with PepsiCo Inc., extending the term to April 2049. - Formed a business alliance with Asahi Group Holdings to introduce the CALPIS brand in India.

- Consolidated Revenue ₹86,505.70Mn vs ₹71,630.21Mn (▲20.77% YoY) - EBITDA ₹23,387.54Mn vs ₹19,975.84Mn (▲17.08% YoY) - PAT ₹15,253.55Mn vs ₹13,254.88Mn (▲15.08% YoY) - EBITDA Margin 27.03% vs 27.89% (▼86bps) - 2nd interim dividend of ₹0.50 per Equity Share for FY2026 declared.

- Concall Schedule - Concall Date: Tuesday, July 28, 2026 - Concall Time: 2:30 P.M. (IST)

- Board meeting on July 28, 2026, to approve Unaudited Financial Results for the Quarter and Half Year ended June 30, 2026. - Consideration of 2nd interim dividend for FY2026. - Trading window closed until July 30, 2026.

- Varun Beverages Limited appointed Mr. Sarabjeet Singh Gujral as Chief Human Resources Officer and Mr. Srinivasan Sourirajan as Chief Manufacturing Officer, effective July 20, 2026.

- Mr. Sanjay Mukherjee, Senior Management Personnel and Chief Supply Chain Officer, has resigned from Varun Beverages Limited. - He was relieved from duties effective July 7, 2026 due to personal reasons.

- VBL Industries (Kenya) Limited, a wholly-owned subsidiary of Varun Beverages Limited (VBL), will acquire the value-added dairy Beverages, Juices, and Packaged Drinking Water business from Devyani Food Industries (Kenya) Limited (DFIL Kenya), a promoter group company. - The acquisition is for a consideration of USD 32 Million (~INR 3,050 million). - This strategic acquisition aims to deepen VBL's penetration in Kenya and the broader East African region, leveraging DFIL Kenya's existing manufacturing infrastructure and distribution capabilities. - VBL Kenya also plans to launch a carbonated soft drinks range using the acquired facilities. - The transaction is expected to be completed on or before August 1, 2026.

- Varun Beverages' subsidiary, The Beverage Company Proprietary Limited (Bevco), and its step-down subsidiary, Twizza Proprietary Limited, approved a merger of Twizza into Bevco in South Africa. - The merger aims to enable business synergies and optimize operational costs. - Twizza's turnover for FY25 was ZAR 1,695 Million, and Bevco's consolidated turnover was ZAR 4,818 Million. No cash consideration is involved.

- Allotment of 1,68,750 Equity Shares of face value Rs. 2/- each to eligible employees under the Employees Stock Option Scheme 2016. - The paid-up shares of the Company increased from 338,22,96,144 to 338,24,64,894 Equity Shares.

- Trading Window for insiders closed from July 1, 2026, until 48 hours after the declaration of Financial Results for the Quarter and Half Year ending June 30, 2026. - The Board Meeting date for declaring financial results will be intimated in due course.

- Varun Beverages Limited (VBL) has entered into an alliance with Asahi Group Holdings Ltd. (Japan) to introduce the "Calpis" brand of ready-to-drink, non-alcohol/non-carbonated dairy-based products in India. - VBL will be responsible for manufacturing, distribution, and sales of Calpis products in India. - The launch of Calpis beverages, starting with Original and Mango flavors, is expected in the second half of 2026 or thereafter.

Varun Beverages Limited will participate in investor meetings on June 3 and June 4, 2026, in Mumbai. Mr. Raj Gandhi and Mr. Deepak Dabas will represent the management at group investor meetings organized by Bofa, Morgan Stanley, and Citi. The company stated that no unpublished price sensitive information will be shared during these meetings.

Varun Beverages Limited (VBL) has revised its Exclusive Bottling Appointment and Trademark License Agreement (EBA) with PepsiCo Inc. for India. The term of the EBA has been extended by 10 years, from April 30, 2039, to April 30, 2049. Additionally, a prior restriction that limited VBL to operating solely as a Special Purpose Vehicle (SPV) for PepsiCo's business has been deleted, granting VBL greater operational flexibility.