5401802026-10-075401802026-10-072026-10-07iso4217:INRxbrli:pure540180VARUN BEVERAGES LIMITEDVBLNOTLISTEDINE200M01039NewAcquisition (including agreement to acquire)false2026-10-0715:45:002026-10-07The Investment and Borrowing Committee of the Board of Directors of Varun Beverages Limited at its meeting held today considered and approved to invest upto 26% of Equity Share Capital of Jager Renewables Private Limited (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Uttar Pradesh) for a consideration of upto Rs. 4.10 Crore to obtain solar power for captive consumption. <BR> Varun Beverages Limited (VBL)Listed Entity (self)Jager Renewables Private Limited (Company)03000002600000falsefalsetrueRenewable Power ProducerVBL intends to obtain solar power (generation and supply) from the Company for its facilities located in Gorakhpur, Prayagraj and any other new facility set up in the state of Uttar Pradesh. Solar power is environment friendly and will also reduce the power cost at the said facilities. Accordingly, as per the Electricity Act, VBL being captive user, is required to make investment in the Company.NAtrueCompletion of this transaction is expected on or before October 6, 2027Cash41000000As a part of the proposed transaction, VBL being the captive user, would be investing upto Rs. 4.10 Crore, in one or more tranches, in the equity shares of the Company.4100000000.260.26Jager Renewables Private Limited is a special purpose vehicle incorporated on September 8, 2020 under the group captive model envisaged under the Electricity Act, 2003 to generate & supply solar power to consumers in the state of Uttar Pradesh. Company is yet to begin its operations, so history of last 3 years is not applicable.2020-09-08IndiaThe promoter / promoter group / group companies of VBL does not have any interest in the Company, except this proposed transaction of investment through VBL. Percentage of shareholding / control acquired - On completion of the aforesaid transaction, VBL shall hold upto 26% of equity share capital in the Company.