Varun Beverages’ board has approved a final dividend of ₹0.50 per share for the financial year ending December 31, 2025, pending shareholder approval. They’ve also greenlit the continuation of Mr. Abhiram Seth as an Independent Director, subject to shareholder approval. Furthermore, the company plans to invest up to 30% in FPEL HR2 Energy for captive solar power generation.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹0.50 (Fifty Paisa only) per equity share for the financial year ended December 31, 2025. This dividend is subject to the approval of the equity shareholders. The record date will be fixed by the Board of Directors.
Director Continuation
The board approved the continuation of Mr. Abhiram Seth as a Non-Executive Independent Director. This is subject to the approval of the Equity Shareholders at the upcoming 31st Annual General Meeting (AGM). Mr. Seth will be attaining 75 years of age on December 8, 2026.
AGM Details
The 31st Annual General Meeting (AGM) of the Company is scheduled for Wednesday, April 1, 2026. The meeting will be conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) without physical presence of the members.
Investment in Renewable Energy
The Board has also approved an investment of up to 30% of the equity share capital of FPEL HR2 Energy Private Limited. FPEL HR2 Energy is a special purpose vehicle engaged in generating and supplying solar power to consumers in the state of Haryana. This investment aims to secure solar power for captive consumption.
Details of Solar Power Investment
Varun Beverages intends to obtain solar power from FPEL HR2 Energy for its facilities located in Nuh, Panipat, and any other new facility set up in Haryana. This is intended to reduce power costs and is environment friendly. The indicative time period for completion of the acquisition is on or before November 2, 2026. The investment is expected to reach up to ₹1.58 Crore.
Source: BSE
