Varun Beverages has informed that the Board of Directors at their meeting held today (started at 11:00 AM and concluded at 11:30 AM) has considered and approved the following: Recommended the Bonus Issue of Equity Shares in the proportion of 1 Equity Share of Rs 10 each for every 2 Equity Shares of Rs 10 each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot, in compliance with the applicable laws. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - I.
The above information is a part of company’s filings submitted to BSE.
