Varun Beverages has informed that the Board of Directors at their meeting held today (started at 11:00 AM & concluded at 11:45 AM) considered & approved the following: (i) Unaudited Financial Results (Standalone & Consolidated) for Quarter & Nine Months ended September 30, 2022 (ii) In testimony of strong relationship between VBL and PepsiCo Inc., approved proposal to enter into an agreement by Varun Beverages Morocco SA (wholly owned subsidiary) to distribute & sell 'Lays, Doritos and Cheetos' for PepsiCo wholly owned subsidiaries in territory of Morocco w.e.f. January, 2023 Board of Directors further took note of following: (iii) Started trial production of Kurkure Puffs at its production facility at Kosi, UP (iv) Our Company has increased its stake in IDVB RECYCLING OPERATIONS from existing 30% to 50% Equity Share Capital by subscribing additional 4000 Equity Shares @ Rs 10 each (v) Resignation of Mr. Kapil Agarwal (DIN:02079161) as Whole-time Director of Company with immediate effect.
The above information is a part of company’s filings submitted to BSE.
