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Home › Companies › VARUN BEVERAGES LTD. › 2023-2024

VARUN BEVERAGES LTD. 2023-2024 Proxy Voting Records

At VARUN BEVERAGES LTD.'s shareholder meeting held April 3, 2024, in the 2023-2024 proxy season, 69 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,235 separate fund positions. Their filings are grouped here into 21 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Reappointment and Remuneration of Raj Gandhi as Whole-Time Director — the reporting funds cast 57% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 21Reported items
  • 69Asset managers
  • 1,235Fund votes
  • April 3, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from VARUN BEVERAGES LTD. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore VARUN BEVERAGES LTD. in the interactive database Compare manager voting policies

How asset managers voted at the VARUN BEVERAGES LTD. 2023-2024 meeting

Each item below shows how the 69 asset managers that disclosed a VARUN BEVERAGES LTD. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of VARUN BEVERAGES LTD.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve Reappointment and Remuneration of Raj Gandhi as Whole-Time Director

57% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 43,811,549 for, 32,529,150 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,811,549AGAINST: 32,529,150
Largest asset managers voting on “Approve Reappointment and Remuneration of Raj Gandhi as Whole-Time Director” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock011,574,797 00Against
T. Rowe Price03,764,527 00Against
Fidelity02,259,156 00Against
Principal01,727,056 00Against
Thornburg1,641,5640 00For
Dimensional01,625,595 00Against
WILLIAM BLAIR FUNDS01,611,843 00Against
American Century01,605,780 00Against
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle01,144,289 00Against
TIAA0884,901 00Against
MATTHEWS INTERNATIONAL FUNDS0798,847 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0783,055 00Against
Goldman Sachs0652,877 00Against
WisdomTree0526,504 00Against
State Street0471,695 00Against
Nationwide0466,310 00Against
Dalton Investments, Inc.0287,223 00Against
Franklin Templeton0279,838 00Against
New York Life0266,000 00Against
Catholic Responsible Investments Funds0234,153 00Against
Dunham Funds0224,073 00Against
Victory Capital0195,929 00Against

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

2. Approve Reappointment and Remuneration of Rajinder Jeet Singh Bagga as Whole-Time Director

57% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 43,811,549 for, 32,529,150 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,811,549AGAINST: 32,529,150
Largest asset managers voting on “Approve Reappointment and Remuneration of Rajinder Jeet Singh Bagga as Whole-Time Director” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock011,574,797 00Against
T. Rowe Price03,764,527 00Against
Fidelity02,259,156 00Against
Principal01,727,056 00Against
Thornburg1,641,5640 00For
Dimensional01,625,595 00Against
WILLIAM BLAIR FUNDS01,611,843 00Against
American Century01,605,780 00Against
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle01,144,289 00Against
TIAA0884,901 00Against
MATTHEWS INTERNATIONAL FUNDS0798,847 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0783,055 00Against
Goldman Sachs0652,877 00Against
WisdomTree0526,504 00Against
State Street0471,695 00Against
Nationwide0466,310 00Against
Dalton Investments, Inc.0287,223 00Against
Franklin Templeton0279,838 00Against
New York Life0266,000 00Against
Catholic Responsible Investments Funds0234,153 00Against
Dunham Funds0224,073 00Against
Victory Capital0195,929 00Against

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

3. Approve Reappointment and Remuneration of Varun Jaipuria as Whole-Time Director (designated as Executive Vice Chairman)

57% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 43,811,549 for, 32,529,150 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,811,549AGAINST: 32,529,150
Largest asset managers voting on “Approve Reappointment and Remuneration of Varun Jaipuria as Whole-Time Director (designated as Executive Vice ” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock011,574,797 00Against
T. Rowe Price03,764,527 00Against
Fidelity02,259,156 00Against
Principal01,727,056 00Against
Thornburg1,641,5640 00For
Dimensional01,625,595 00Against
WILLIAM BLAIR FUNDS01,611,843 00Against
American Century01,605,780 00Against
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle01,144,289 00Against
TIAA0884,901 00Against
MATTHEWS INTERNATIONAL FUNDS0798,847 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0783,055 00Against
Goldman Sachs0652,877 00Against
WisdomTree0526,504 00Against
State Street0471,695 00Against
Nationwide0466,310 00Against
Dalton Investments, Inc.0287,223 00Against
Franklin Templeton0279,838 00Against
New York Life0266,000 00Against
Catholic Responsible Investments Funds0234,153 00Against
Dunham Funds0224,073 00Against
Victory Capital0195,929 00Against

Showing the 25 largest of 55 asset managers. All 55 are in the interactive database (link above).

4. Elect Naresh Trehan as Director

No official resultsDIRECTOR ELECTIONS

74% of fund votes cast · no official result

FORAGAINST
Details: votes by 54 asset managers

The 54 asset managers below reported 56,453,139 for, 19,600,337 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 56,453,139AGAINST: 19,600,337
Largest asset managers voting on “Elect Naresh Trehan as Director” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock11,574,7970 00For
T. Rowe Price03,764,527 00Against
Fidelity02,259,156 00Against
Principal01,727,056 00Against
Thornburg1,641,5640 00For
Dimensional01,625,595 00Against
WILLIAM BLAIR FUNDS01,611,843 00Against
American Century01,605,780 00Against
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle01,144,289 00Against
TIAA884,9010 00For
MATTHEWS INTERNATIONAL FUNDS0798,847 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0783,055 00Against
Goldman Sachs0652,877 00Against
WisdomTree0526,504 00Against
State Street0471,695 00Against
Nationwide0466,310 00Against
Franklin Templeton0279,838 00Against
New York Life0266,000 00Against
Catholic Responsible Investments Funds0234,153 00Against
Dunham Funds0224,073 00Against
Victory Capital0195,929 00Against
WASATCH FUNDS TRUST177,3160 00For

Showing the 25 largest of 54 asset managers. All 54 are in the interactive database (link above).

5. Reelect Raj Gandhi as Director

No official resultsDIRECTOR ELECTIONS

60% of fund votes cast · no official result

FORAGAINST
Details: votes by 54 asset managers

The 54 asset managers below reported 45,983,833 for, 30,069,643 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,983,833AGAINST: 30,069,643
Largest asset managers voting on “Reelect Raj Gandhi as Director” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock011,574,797 00Against
T. Rowe Price03,764,527 00Against
Fidelity02,259,156 00Against
Principal01,727,056 00Against
Thornburg1,641,5640 00For
Dimensional01,625,595 00Against
WILLIAM BLAIR FUNDS01,611,843 00Against
American Century01,605,780 00Against
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle1,144,2890 00For
TIAA884,9010 00For
MATTHEWS INTERNATIONAL FUNDS0798,847 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0783,055 00Against
Goldman Sachs0652,877 00Against
WisdomTree0526,504 00Against
State Street0471,695 00Against
Nationwide0466,310 00Against
Franklin Templeton0279,838 00Against
New York Life0266,000 00Against
Catholic Responsible Investments Funds0234,153 00Against
Dunham Funds0224,073 00Against
Victory Capital0195,929 00Against
WASATCH FUNDS TRUST177,3160 00For

Showing the 25 largest of 54 asset managers. All 54 are in the interactive database (link above).

6. Elect Naresh Kumar Trehan

No official resultsDIRECTOR ELECTIONS

75% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 7,858,316 for, 2,603,482 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,858,316AGAINST: 2,603,482
Largest asset managers voting on “Elect Naresh Kumar Trehan” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes0746,055 00Against
Charles Schwab0649,585 00Against
SEI0427,775 00Against
VanEck ETF Trust0362,193 00Against
Transamerica0200,248 00Against
Hartford099,566 00Against
Vanguard099,560 00Against
Russell Investments95,8680 00For
Goldman Sachs018,500 00Against

7. Elect Raj Pal Gandhi

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,461,798 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,461,798
Largest asset managers voting on “Elect Raj Pal Gandhi” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes746,0550 00For
Charles Schwab649,5850 00For
SEI427,7750 00For
VanEck ETF Trust362,1930 00For
Transamerica200,2480 00For
Hartford99,5660 00For
Vanguard99,5600 00For
Russell Investments95,8680 00For
Goldman Sachs18,5000 00For

8. Re-appointment of Raj Gandhi (Whole-time Director); Approval of Remuneration

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,461,798 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,461,798
Largest asset managers voting on “Re-appointment of Raj Gandhi (Whole-time Director); Approval of Remuneration” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes746,0550 00For
Charles Schwab649,5850 00For
SEI427,7750 00For
VanEck ETF Trust362,1930 00For
Transamerica200,2480 00For
Hartford99,5660 00For
Vanguard99,5600 00For
Russell Investments95,8680 00For
Goldman Sachs18,5000 00For

9. Re-appointment of Rajinder Jeet Singh Bagga (Whole-time Director); Approval of Remuneration

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,461,798 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,461,798
Largest asset managers voting on “Re-appointment of Rajinder Jeet Singh Bagga (Whole-time Director); Approval of Remuneration” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes746,0550 00For
Charles Schwab649,5850 00For
SEI427,7750 00For
VanEck ETF Trust362,1930 00For
Transamerica200,2480 00For
Hartford99,5660 00For
Vanguard99,5600 00For
Russell Investments95,8680 00For
Goldman Sachs18,5000 00For

10. Re-appointment of Varun Jaipuria (Whole-time Director); Approval of Remuneration

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,461,798 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,461,798
Largest asset managers voting on “Re-appointment of Varun Jaipuria (Whole-time Director); Approval of Remuneration” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes746,0550 00For
Charles Schwab649,5850 00For
SEI427,7750 00For
VanEck ETF Trust362,1930 00For
Transamerica200,2480 00For
Hartford99,5660 00For
Vanguard99,5600 00For
Russell Investments95,8680 00For
Goldman Sachs18,5000 00For

11. To appoint DR. naresh trehan (DIN: 00012148) as a nonexecutive non-independent director of the company

No official resultsDIRECTOR ELECTIONS

21% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO APPOINT DR. NARESH TREHAN (DIN: 00012148) AS A NONEXECUTIVE NON-INDEPENDENT DIRECTOR OF THE COMPANY

The 9 asset managers below reported 204,458 for, 749,331 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 204,458AGAINST: 749,331
Largest asset managers voting on “TO APPOINT DR. NARESH TREHAN (DIN: 00012148) AS A NONEXECUTIVE NON-INDEPENDENT DIRECTOR OF THE COMPANY” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier0463,882 00Against
John Hancock0142,365 00Against
Calamos121,6000 00For
Jackson National0119,262 00Against
JPMorgan35,8990 00For
AMG FUNDS III30,0000 00For
GPS Funds I019,504 00Against
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST04,318 00Against

12. To appoint MR. RAJ gandhi (DIN: 00003649), who retires by rotation and being eligible, offers himself for…

No official resultsDIRECTOR ELECTIONS

77% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO APPOINT MR. RAJ GANDHI (DIN: 00003649), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR

The 9 asset managers below reported 732,692 for, 221,097 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 732,692AGAINST: 221,097
Largest asset managers voting on “TO APPOINT MR. RAJ GANDHI (DIN: 00003649), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-A” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier463,8820 00For
John Hancock0142,365 00Against
Calamos121,6000 00For
Jackson National64,35254,910 00Mixed
JPMorgan35,8990 00For
AMG FUNDS III30,0000 00For
GPS Funds I019,504 00Against
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST04,318 00Against

13. To re-appoint MR. RAJ gandhi (DIN: 00003649) as a whole-time director of the company

70% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO RE-APPOINT MR. RAJ GANDHI (DIN: 00003649) AS A WHOLE-TIME DIRECTOR OF THE COMPANY

The 9 asset managers below reported 666,793 for, 286,996 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 666,793AGAINST: 286,996
Largest asset managers voting on “TO RE-APPOINT MR. RAJ GANDHI (DIN: 00003649) AS A WHOLE-TIME DIRECTOR OF THE COMPANY” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier463,8820 00For
John Hancock0142,365 00Against
Calamos121,6000 00For
Jackson National64,35254,910 00Mixed
JPMorgan035,899 00Against
AMG FUNDS III030,000 00Against
GPS Funds I019,504 00Against
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST04,318 00Against

14. To re-appoint MR. rajinder jeet singh bagga (DIN: 08440479) as a whole-time director of the company

70% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO RE-APPOINT MR. RAJINDER JEET SINGH BAGGA (DIN: 08440479) AS A WHOLE-TIME DIRECTOR OF THE COMPANY

The 9 asset managers below reported 666,793 for, 286,996 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 666,793AGAINST: 286,996
Largest asset managers voting on “TO RE-APPOINT MR. RAJINDER JEET SINGH BAGGA (DIN: 08440479) AS A WHOLE-TIME DIRECTOR OF THE COMPANY” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier463,8820 00For
John Hancock0142,365 00Against
Calamos121,6000 00For
Jackson National64,35254,910 00Mixed
JPMorgan035,899 00Against
AMG FUNDS III030,000 00Against
GPS Funds I019,504 00Against
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST04,318 00Against

15. To re-appoint MR. VARUN jaipuria (DIN: 02465412) as a whole-time director of the company

70% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO RE-APPOINT MR. VARUN JAIPURIA (DIN: 02465412) AS A WHOLE-TIME DIRECTOR OF THE COMPANY

The 9 asset managers below reported 666,793 for, 286,996 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 666,793AGAINST: 286,996
Largest asset managers voting on “TO RE-APPOINT MR. VARUN JAIPURIA (DIN: 02465412) AS A WHOLE-TIME DIRECTOR OF THE COMPANY” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier463,8820 00For
John Hancock0142,365 00Against
Calamos121,6000 00For
Jackson National64,35254,910 00Mixed
JPMorgan035,899 00Against
AMG FUNDS III030,000 00Against
GPS Funds I019,504 00Against
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST04,318 00Against

16. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 54 asset managers

The 54 asset managers below reported 76,053,476 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 76,053,476
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock11,574,7970 00For
T. Rowe Price3,764,5270 00For
Fidelity2,259,1560 00For
Principal1,727,0560 00For
Thornburg1,641,5640 00For
Dimensional1,625,5950 00For
WILLIAM BLAIR FUNDS1,611,8430 00For
American Century1,605,7800 00For
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle1,144,2890 00For
TIAA884,9010 00For
MATTHEWS INTERNATIONAL FUNDS798,8470 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST783,0550 00For
Goldman Sachs652,8770 00For
WisdomTree526,5040 00For
State Street471,6950 00For
Nationwide466,3100 00For
Franklin Templeton279,8380 00For
New York Life266,0000 00For
Catholic Responsible Investments Funds234,1530 00For
Dunham Funds224,0730 00For
Victory Capital195,9290 00For
WASATCH FUNDS TRUST177,3160 00For

Showing the 25 largest of 54 asset managers. All 54 are in the interactive database (link above).

17. Approve Final Dividend

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 54 asset managers

The 54 asset managers below reported 76,053,476 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 76,053,476
Largest asset managers voting on “Approve Final Dividend” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group26,717,8040 00For
Vanguard13,888,2970 00For
BlackRock11,574,7970 00For
T. Rowe Price3,764,5270 00For
Fidelity2,259,1560 00For
Principal1,727,0560 00For
Thornburg1,641,5640 00For
Dimensional1,625,5950 00For
WILLIAM BLAIR FUNDS1,611,8430 00For
American Century1,605,7800 00For
EMERGING MARKETS GROWTH FUND INC1,230,8460 00For
Columbia Threadneedle1,144,2890 00For
TIAA884,9010 00For
MATTHEWS INTERNATIONAL FUNDS798,8470 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST783,0550 00For
Goldman Sachs652,8770 00For
WisdomTree526,5040 00For
State Street471,6950 00For
Nationwide466,3100 00For
Franklin Templeton279,8380 00For
New York Life266,0000 00For
Catholic Responsible Investments Funds234,1530 00For
Dunham Funds224,0730 00For
Victory Capital195,9290 00For
WASATCH FUNDS TRUST177,3160 00For

Showing the 25 largest of 54 asset managers. All 54 are in the interactive database (link above).

18. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,461,798 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,461,798
Largest asset managers voting on “Accounts and Reports” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes746,0550 00For
Charles Schwab649,5850 00For
SEI427,7750 00For
VanEck ETF Trust362,1930 00For
Transamerica200,2480 00For
Hartford99,5660 00For
Vanguard99,5600 00For
Russell Investments95,8680 00For
Goldman Sachs18,5000 00For

19. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,461,798 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,461,798
Largest asset managers voting on “Allocation of Profits/Dividends” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,762,4480 00For
Federated Hermes746,0550 00For
Charles Schwab649,5850 00For
SEI427,7750 00For
VanEck ETF Trust362,1930 00For
Transamerica200,2480 00For
Hartford99,5660 00For
Vanguard99,5600 00For
Russell Investments95,8680 00For
Goldman Sachs18,5000 00For

20. To declare final dividend of RS 1.25/- per equity share of face value of RS 5/- each for the financial year ended…

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO DECLARE FINAL DIVIDEND OF RS 1.25/- PER EQUITY SHARE OF FACE VALUE OF RS 5/- EACH FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2023

The 9 asset managers below reported 953,789 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 953,789
Largest asset managers voting on “TO DECLARE FINAL DIVIDEND OF RS 1.25/- PER EQUITY SHARE OF FACE VALUE OF RS 5/- EACH FOR THE FINANCIAL YEAR EN” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier463,8820 00For
John Hancock142,3650 00For
Calamos121,6000 00For
Jackson National119,2620 00For
JPMorgan35,8990 00For
AMG FUNDS III30,0000 00For
GPS Funds I19,5040 00For
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST4,3180 00For

21. To receive, consider and adopt the audited standalone financial statements of the company together with the report of…

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 9 asset managers

Description as filed by funds: TO RECEIVE, CONSIDER AND ADOPT THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY TOGETHER WITH THE REPORT OF BOARD OF DIRECTORS AND AUDITORS' THEREON AND THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY TOGETHER WITH AUDITORS' REPORT THEREON FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2023

The 9 asset managers below reported 953,789 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 953,789
Largest asset managers voting on “TO RECEIVE, CONSIDER AND ADOPT THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY TOGETHER WITH THE RE” at VARUN BEVERAGES LTD., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Manning & Napier463,8820 00For
John Hancock142,3650 00For
Calamos121,6000 00For
Jackson National119,2620 00For
JPMorgan35,8990 00For
AMG FUNDS III30,0000 00For
GPS Funds I19,5040 00For
Advisors' Inner Circle Fund III16,9590 00For
RBC FUNDS TRUST4,3180 00For

Largest VARUN BEVERAGES LTD. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top VARUN BEVERAGES LTD. shareholders by shares voted on “Approve Reappointment and Remuneration of Raj Gandhi as Whole-Time Director”, 2023-2024
#Asset manager Shares voted
1Capital Group 26,717,804
2Vanguard 13,888,297
3BlackRock 11,574,797
4T. Rowe Price 3,764,527
5Fidelity 2,259,156
6Principal 1,727,056
7Thornburg 1,641,564
8Dimensional 1,625,595
9WILLIAM BLAIR FUNDS 1,611,843
10American Century 1,605,780
Institutional-manager reports: top VARUN BEVERAGES LTD. shareholders by shares voted on “Approve Reappointment and Remuneration of Raj Gandhi as Whole-Time Director”, 2023-2024
#Asset manager Shares voted
1Dalton Investments, Inc. 287,223

Shown as share counts, not percentages: no shares-outstanding figure has been matched to VARUN BEVERAGES LTD. for the 2023-2024 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

VARUN BEVERAGES LTD. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Cite this page

proxyvotesnow.com, “VARUN BEVERAGES LTD. 2024 Annual Meeting: Shareholder Vote Results”, https://proxyvotesnow.com/company/varun-beverages-ltd/2024 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.