Varun Beverages’ Board of Directors has approved alterations to the company’s Memorandum of Association, adding clauses to expand business activities. Additionally, the Board approved the incorporation of a wholly-owned subsidiary in Kenya, aimed at manufacturing, distributing, and selling beverages. These decisions occurred during a board meeting held on October 29, 2025, marking a strategic move to broaden the company’s operational scope and geographic presence.
Object Clause Expansion
The Board of Directors has approved the alteration of the Object Clause (Main Objects) of the Memorandum of Association (MOA). This includes the insertion of new sub-clauses, allowing the company to:
Carry on the business of manufacturing, processing, preparing, packaging, buying, selling, distributing, importing, exporting, trading, dealing, and marketing in:
- Packaged drinking water
- Frozen foods
- Noodles
- Milk powder and milk preparations
- Plastic / PET & other materials (preforms, closures, bottles, crates, caps, crown caps, tin cans, cups, containers, shells, shrink films, stretch films, corrugated boxes, cartons, labels, laminates, etc.) for captive consumption or otherwise.
Generate, accumulate, transmit, distribute, purchase, and supply:
- Solar power
- Wind power
- Any other types of power from conventional or non-conventional sources or through renewable energy sources
Manufacture, produce, process, brew, distill, refine, blend, bottle, store, package, sell, distribute, trade, deal, market, move, preserve, and stock:
- Ready To Drink (RTD) and other alcoholic beverages including beer, wine, liquor, spirit, brandy, whisky, gin, rum, and vodka in India and abroad.
Kenya Subsidiary Incorporation
The Board has approved the incorporation of a wholly-owned subsidiary company in Kenya to carry on the business of manufacturing, distribution, and selling of beverages. The subsidiary, named Varun Food and Beverages (Kenya) Limited or a similar approved name, will have a shareholding of 100% by the parent company.
Financial Details of Kenya Subsidiary
The consideration for the subscription is cash, amounting to Kenyan Shilling (KSH) 1,250,000,000 for 1,25,000 shares with a face value of KSH 100 each.
Source: BSE