Varun Beverages Limited — Updates, 29-07-2025: Incorporation

Varun Beverages' board approved financial results for the quarter and half-year. The company declared a second interim dividend of ₹0.50 per equity share for FY2025, with August 2 as the record date. Additionally, the board appointed Mr. Pankaj Madan, a seasoned finance leader with 35 years of experience, as the new Chief Financial Officer. A significant move is the approval to incorporate a 50:50 joint venture company, White Peak Refrigeration Private Limited, with Everest International Holdings Limited. This JV, involving a ₹21.25 Cr investment from Varun Beverages, will manufacture visi-coolers and refrigeration equipment, boosting operational efficiency and strategic growth.