Varun Beverages Limited — Others, 30-04-2025: Monitoring Agency Report

Varun Beverages Limited has submitted the Monitoring Agency Report from CARE Ratings regarding the utilization of proceeds raised through its Qualified Institutional Placement of ₹7,500 crore. The report confirms that for the quarter ended March 31, 2025, there were no deviations from the stated objectives. Funds were fully utilized for repayment of borrowings (₹5,602.54 crore), general corporate purposes (₹1,835.92 crore), and issue-related expenses (₹61.54 crore). This effective management of funds is expected to enhance the company’s financial position and operational capabilities, benefiting stakeholders and reinforcing transparency in its capital raising efforts.