Varun Beverages announces retirement of group ESG head Vikas Bhatia

Varun Beverages Limited (VBL) informed stock exchanges on September 1, 2025, of a change in its senior management personnel. Vikas Bhatia, executive director and group ESG head, has resigned from his position, effective August 31, 2025, due to his retirement from service.

Bhatia's tenure at Varun Beverages began in January 2019 as cfo, where he played a crucial role in integrating PepsiCo's West and South India territories, driving operational agility, and improving cost efficiencies. In 2022, he transitioned to lead the ESG function, contributing to a comprehensive ESG framework. Under his leadership, VBL made notable progress in climate action, water positivity, renewable energy adoption, plastic recycling, packaging innovation, and social impact, aligning with the company’s net-zero carbon journey and earning global ESG recognitions under PepsiCo's global Pep+ initiative.

The company stated that Bhatia has been relieved from his duties as of his last working day, August 31, 2025. The announcement includes a copy of his resignation letter, which expresses gratitude for the support and opportunities provided by the company and its leadership during his time at VBL. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.