Varun Beverages Limited has informed the Exchange that Record date for the purpose of Dividend is 02-Aug-2025.
VBL · price
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Awaiting price reaction for this filing.
Varun Beverages' board, which met on July 29, 2025, approved the unaudited financial results for the quarter and half-year ended June 30, 2025 (the company follows a January–December financial year). It declared a 2nd interim dividend of ₹0.50 per equity share on its 33,81,91,689 shares of ₹2 face value, with August 2, 2025 fixed as the record date and payment starting August 5, 2025. The board also appointed Mr. Pankaj Madan (ex-InterGlobe Group CFO, with 35 years across aviation, retail, telecom and BFSI) as the new CFO and KMP effective July 30, 2025, while Mr. Rajesh Chawla continues in a finance role. Additionally, VBL will set up a 50:50 joint venture, White Peak Refrigeration Private Limited, with Everest International Holdings to manufacture visi-coolers and other refrigeration equipment, with VBL investing ₹21.25 crore (out of a total ₹42.5 crore paid-up capital).
The ₹0.50 interim dividend is small and largely token, so it is unlikely to move the stock. The new CFO brings strong large-cap finance leadership experience, which investors may view positively. The JV in visi-coolers/refrigeration is strategically aligned with VBL's cold-chain needs for its beverage business and represents a moderate ₹21.25 crore capital commitment, not material to overall financials.