Varun Beverages Limited — Others, 31-12-2024: Giving guarantees/indemnity/ becoming a surety for third party

Varun Beverages Limited has issued a corporate guarantee of USD 8 million for its subsidiary, Varun Beverages RDC SAS, to secure credit facilities from Equity Banque Commerciale Du Congo. The guarantee is valid until November 30, 2025. There is no interest from the promoter group in this transaction, which was conducted at arm's length. The company states that this corporate guarantee will not impact its financial standing. This announcement may create a positive outlook among investors, as it reflects support for the subsidiary's operations without affecting the parent company's financial health.