Varun Beverages Limited (VBL) has announced the closure of its trading window for all insiders, including directors, promoters, key managerial personnel (KMPs), designated persons, and their relatives, starting from April 1, 2025, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed until 48 hours after the declaration of the financial results for the first quarter ending March 31, 2025.

This step is in line with SEBI’s regulations and aims to prevent insider trading by restricting insiders from trading during a sensitive period when unpublished price-sensitive information (UPSI) is available.

Trading Window Closure Details

In an official notification sent to both National Stock Exchange of India Limited (NSE) and BSE Limited, Varun Beverages confirmed that the trading window for its equity shares would remain closed during this period.

Key Details:

• Start Date: April 1, 2025

• End Date: 48 hours after the declaration of Q1 FY25 financial results

• Affected Persons: Promoters, directors, KMPs, employees, designated persons, and connected persons, along with their relatives

SEBI Compliance and Insider Trading Regulations

As per SEBI (Prohibition of Insider Trading) Regulations, 2015, companies are required to restrict trading activities of insiders during specific periods to maintain transparency and prevent any unfair advantage due to access to unpublished price-sensitive information (UPSI).

Varun Beverages has ensured full compliance with these regulations and issued a strict advisory to all designated persons, prohibiting them from dealing in the company’s equity shares during the trading window closure period.

Board Meeting for Q1 FY25 Financial Results

The company has stated that the Board of Directors will meet at a later date to consider and approve the financial results for the first quarter ending March 31, 2025. The exact date of this board meeting will be announced separately through an official communication to stock exchanges.

Once the financial results are declared, the trading window will reopen 48 hours after the announcement, ensuring that all market participants have equal access to the company’s financial disclosures.

Varun Beverages' Financial Year Structure

Unlike many companies that follow the April-March financial year cycle, Varun Beverages Limited follows a January-December financial year as per the Companies Act, 2013. This has been approved by the Company Law Board, and therefore, the financial results for Q1 FY25 will cover the period from January 1, 2025, to March 31, 2025.

Importance of Trading Window Closure

The closure of the trading window is a critical regulatory measure to prevent insider trading and maintain fair market practices. By restricting trading activities for insiders and connected persons, the company ensures that no one takes advantage of unpublished financial information before it is made publicly available.

Responsibilities of Insiders and Designated Persons

Varun Beverages has reminded all insiders and designated persons of their responsibility to strictly adhere to the trading window closure guidelines. Any violation of these restrictions will be considered a serious offense under SEBI regulations and may result in penalties and legal action.

During this period:

• No trading in Varun Beverages Limited equity shares is allowed.

• Insiders must ensure that their immediate relatives do not engage in trading.

• Any violation may lead to SEBI penalties and other legal consequences.

Disclosure to Stock Exchanges

The company has formally notified both NSE and BSE about the trading window closure and its compliance with SEBI’s insider trading regulations. This information has been updated on the respective stock exchange portals to ensure transparency.

Conclusion

Varun Beverages Limited remains committed to maintaining regulatory compliance and ensuring fair trading practices in line with SEBI guidelines. The trading window will remain closed from April 1, 2025, and will only reopen 48 hours after the announcement of Q1 FY25 financial results.

Investors and stakeholders are advised to await further communication regarding the board meeting date for the financial results declaration. Until then, all insiders, designated persons, and their relatives are strictly prohibited from dealing in the company’s securities to ensure fair and transparent trading practices.

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