Varun Beverages Limited - Bonus

9 Jun 2022 , 12:00 AM

Further to our letters dated April 28, 2022, May 17, 2022 and May 30, 2022, we wish to inform that the Share Allotment Committee of Board of Directors of the Company, at its meeting held today, allotted 21,65,16,540 Bonus Equity Shares of Rs. 10/- each as fully-paid up Bonus Equity Shares, in the proportion of One (1) Equity Share of Rs. 10/- each for every Two (2) existing Equity Shares of Rs. 10/- each, to the eligible Members whose names appeared in the register of Members / list of beneficial owners as on June 7, 2022, i.e. record date fixed for this purpose.Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs. 433,03,30,800 divided into 43,30,33,080 Equity Shares of Rs. 10/- each to Rs. 649,54,96,200 divided into 64,95,49,620 Equity Shares of Rs. 10/- each.As part of the aforesaid allotment 38,418 Bonus Equity Shares representing fractional entitlement(s) of eligible Members have been consolidated and allotted to the Trust created for this purpose. The Trust through its Trustee will sell such equity shares at the prevailing market rate as soon as possible and distribute the net sale proceeds, after adjusting the cost and expenses in respect thereof, among the eligible Members in proportion to their respective fractional entitlements.