VARUN BEVERAGES LIMITED : MERGER OF SUBSIDIARIES APPROVED

• The Board of Directors of The Beverage Company Proprietary Limited (“Bevco”) and Twizza Proprietary Limited (“Twizza”) have approved to merge Twizza with its holding company i.e. Bevco. • Twizza is a step-down subsidiary of Bevco, which is a subsidiary of Varun Beverages. • The merger is subject to applicable laws in South Africa. • Turnover of Twizza for FY ended June 30, 2025 was ZAR 1,695 Million. • Consolidated Turnover of Bevco for FY ended June 30, 2025 was ZAR 4,818 Million. • The merger is between two foreign subsidiaries of Varun Beverages; shareholding of Varun Beverages shall remain unchanged. Impact: Neutral (Internal restructuring of foreign subsidiaries)

Varun Beverages Limited

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