Varun Beverages Limited has submitted its Annual Secretarial Compliance Report for the financial year ended December 31, 2025. This submission was made pursuant to SEBI regulations to the stock exchanges. The report, prepared by M/s Sanjay Grover & Associates, details the company’s adherence to various corporate and securities laws throughout the review period. The company confirms its adherence to the January 1 to December 31 financial year structure.
Compliance Report Submission Details
Varun Beverages Limited formally announced the submission of its Annual Secretarial Compliance Report for the financial year concluding on December 31, 2025. This disclosure was made on February 20, 2026, to both the National Stock Exchange of India Ltd. and BSE Limited.
The report was issued by the firm of Company Secretaries, M/s Sanjay Grover & Associates, following an examination of all relevant documents, filings made to the stock exchanges, and the company’s website during the specified Review Period.
Financial Year Confirmation
The company reiterated that, as approved by the Company Law Board, it observes its financial year from 1st January to 31st December, adhering to the provisions of Section 2(41) of the Companies Act, 2013.
Key Findings from the Secretarial Report
Areas of Non-Compliance
The Practicing Company Secretary (PCS) report highlighted specific instances where compliance was pending or deficient:
- Regulation Disclosure Failure: Non-compliance noted regarding Regulation 4(1), (d), (e) & (h) and Regulation 30(6) and (7) of the SEBI LODR Regulations, 2015. This related to a material event: the termination of Share Purchase Agreements with SBC Tanzania and SBC Ghana Limited. The disclosure was deemed not adequate and timely.
- Action Taken: Subsequent remedial actions included submitting disclosure via email to SEBI on January 23, 2026, following receipt of an administrative warning letter dated August 4, 2025, and an order from the Securities Appellate Tribunal (SAT).
Compliances Confirmed
The report confirmed the company’s compliance in several key areas during the review period:
- Secretarial Standards: The company was in compliance with applicable Secretarial Standards (SS) issued by ICSI.
- Policy Adoption: All applicable policies under SEBI Regulations were adopted and approved by the Board, and the company maintains a functional website with timely information dissemination.
- Director Disqualification: None of the Directors were disqualified under Section 164 of the Companies Act, 2013.
- Subsidiaries: The company confirmed it does not have any material subsidiary and complied with disclosure requirements for other subsidiaries.
- Insider Trading: The company complied with Regulations 3(5) & 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Auditor Resignation: There were no instances of resignation of statutory auditors during the review period.
Concluding Remarks
The PCS confirmed that, in accordance with recent SEBI circulars, the company has duly complied with requirements pertaining to the disclosure of employee benefit scheme documents as mandated under Regulation 46(2)(za) of the SEBI LODR Regulations, 2015. The report was finalized and certified by Vijay K. Singhal, Partner at Sanjay Grover & Associates, on February 03, 2026.
Source: BSE
