Varun Beverages Limited — Others, 06-08-2025: Giving guarantees/indemnity/ becoming a surety for third party

Varun Beverages (VBL) has provided a corporate guarantee of USD 22 Million to ICICI Bank UAE. This guarantee supports its Zimbabwe subsidiary, Varun Beverages (Zimbabwe) (Private) Limited, by securing a credit facility for its operations. Valid until June 30, 2028, this move assists the subsidiary's financing. VBL noted that the transaction is at arm's length, with no promoter or group company interest involved. The company also stated that this corporate guarantee has no impact on its own financials, underscoring VBL's backing for its international business expansion.