Varun Beverages Limited has announced the incorporation of its wholly-owned subsidiary, “KIVA Spirits and Company Limited”. This strategic move, previously approved by the company’s board of directors, signifies an expansion into the spirits and company sector. The incorporation was officially confirmed on August 31, 2026, marking a new phase of diversification for the beverage major.
New Subsidiary Formed for Spirits Business
Varun Beverages Limited confirmed on August 31, 2026, that its wholly-owned subsidiary, “KIVA Spirits and Company Limited”, has been successfully incorporated in India. This development follows an earlier disclosure made by the company’s board of directors on August 25, 2026, where the approval for this incorporation was granted.
Strategic Expansion
The establishment of KIVA Spirits and Company Limited represents a significant step for Varun Beverages in diversifying its business portfolio. This new entity is poised to focus on operations within the spirits and company sector, signaling a strategic expansion beyond its core beverage business. The company has provided the necessary disclosures as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for this incorporation.
Source: BSE
