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Home › Companies › Varun Beverages Limited › 2024-2025

Varun Beverages Limited 2024-2025 Proxy Voting Records

At Varun Beverages Limited's 3 shareholder meetings in the 2024-2025 proxy season (held August 30, 2024, November 8, 2024 and April 3, 2025), 71 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,244 separate fund positions. Their filings are grouped here into 24 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 — Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Shares — the reporting funds cast 100% 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.

  • 24Reported items
  • 71Asset managers
  • 1,244Fund votes
  • April 3, 2025Main meeting 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 Limited 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 Limited in the interactive database Compare manager voting policies

How asset managers voted at the Varun Beverages Limited 2024-2025 meetings

Each item below shows how the 71 asset managers that disclosed a Varun Beverages Limited 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 Limited’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. Reelect Rajinder Jeet Singh Bagga as Director

No official resultsDIRECTOR ELECTIONS

Meeting held April 3, 2025; no official results are on file for this meeting.

99.5% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 133,454,234 for, 664,443 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: 133,454,234AGAINST: 664,443
Largest asset managers voting on “Reelect Rajinder Jeet Singh Bagga as Director” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group57,467,1340 00For
Vanguard35,876,1550 00For
Fidelity6,296,2830 00For
T. Rowe Price6,141,0870 00For
Dimensional3,956,6310 00For
Principal3,266,6010 00For
Columbia Threadneedle2,829,8730 00For
TIAA2,552,5210 00For
American Century2,345,0720 00For
Thornburg2,277,5190 00For
State Street1,458,1790 00For
Franklin Templeton1,279,4260 00For
WisdomTree1,270,4480 00For
Morgan Stanley1,269,3010 00For
MATTHEWS INTERNATIONAL FUNDS1,169,2970 00For
AMERICAN BEACON FUNDS690,5190 00For
EMERGING MARKETS EQUITIES FUND INC618,8660 00For
Catholic Responsible Investments Funds0450,354 00Against
Northern Trust396,0750 00For
GuideStone290,9100 00For
Victory Capital285,0810 00For
Dunham Funds274,9560 00For
Federated Hermes267,4480 00For
Invesco0186,589 00Against
Brighthouse179,1550 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

2. Reelect Varun Jaipuria as Director

No official resultsDIRECTOR ELECTIONS

Meeting held April 3, 2025; no official results are on file for this meeting.

99% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 132,471,526 for, 1,647,151 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: 132,471,526AGAINST: 1,647,151
Largest asset managers voting on “Reelect Varun Jaipuria as Director” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group57,467,1340 00For
Vanguard35,876,1550 00For
Fidelity6,296,2830 00For
T. Rowe Price6,141,0870 00For
Dimensional3,956,6310 00For
Principal3,266,6010 00For
Columbia Threadneedle2,829,8730 00For
TIAA2,552,5210 00For
American Century2,345,0720 00For
Thornburg2,277,5190 00For
State Street1,458,1790 00For
Franklin Templeton1,279,4260 00For
WisdomTree1,270,4480 00For
Morgan Stanley1,269,3010 00For
MATTHEWS INTERNATIONAL FUNDS01,169,297 00Against
AMERICAN BEACON FUNDS690,5190 00For
EMERGING MARKETS EQUITIES FUND INC618,8660 00For
Catholic Responsible Investments Funds0450,354 00Against
Northern Trust396,0750 00For
GuideStone290,9100 00For
Victory Capital285,0810 00For
Dunham Funds274,9560 00For
Federated Hermes267,4480 00For
Invesco186,5890 00For
Brighthouse179,1550 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

3. To appoint MR. rajinder jeet singh bagga (DIN: 08440479), who retires by rotation and being eligible, offers himself…

No official resultsDIRECTOR ELECTIONS

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: TO APPOINT MR. RAJINDER JEET SINGH BAGGA (DIN: 08440479), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR

The 10 asset managers below reported 33,268,544 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: 33,268,544
Largest asset managers voting on “TO APPOINT MR. RAJINDER JEET SINGH BAGGA (DIN: 08440479), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS H” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,093,0760 00For
Brown Advisory Funds800,7630 00For
John Hancock307,2850 00For
JPMorgan300,0260 00For
PFM Multi-Manager Series Trust294,8580 00For
AMG FUNDS III186,4550 00For
MASTER INVESTMENT PORTFOLIO133,5380 00For
Jackson National131,4990 00For
RBC FUNDS TRUST12,1070 00For
GPS Funds I8,9370 00For

4. To appoint MR. Varun jaipuria (DIN: 02465412), who retires by rotation and being eligible, offers himself for…

No official resultsDIRECTOR ELECTIONS

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: TO APPOINT MR. VARUN JAIPURIA (DIN: 02465412), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR

The 10 asset managers below reported 33,268,544 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: 33,268,544
Largest asset managers voting on “TO APPOINT MR. VARUN JAIPURIA (DIN: 02465412), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR ” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,093,0760 00For
Brown Advisory Funds800,7630 00For
John Hancock307,2850 00For
JPMorgan300,0260 00For
PFM Multi-Manager Series Trust294,8580 00For
AMG FUNDS III186,4550 00For
MASTER INVESTMENT PORTFOLIO133,5380 00For
Jackson National131,4990 00For
RBC FUNDS TRUST12,1070 00For
GPS Funds I8,9370 00For

5. Elect Rajinder Jeet Singh Bagga

No official resultsDIRECTOR ELECTIONS

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 10,240,136 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: 10,240,136
Largest asset managers voting on “Elect Rajinder Jeet Singh Bagga” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford5,580,9910 00For
Charles Schwab1,442,6870 00For
Fidelity1,196,4860 00For
Vanguard798,4230 00For
Federated Hermes454,4760 00For
Prudential/PGIM361,8800 00For
SEI287,5500 00For
Russell Investments117,6430 00For

6. Elect Varun Jaipuria

No official resultsDIRECTOR ELECTIONS

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 10,240,136 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: 10,240,136
Largest asset managers voting on “Elect Varun Jaipuria” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford5,580,9910 00For
Charles Schwab1,442,6870 00For
Fidelity1,196,4860 00For
Vanguard798,4230 00For
Federated Hermes454,4760 00For
Prudential/PGIM361,8800 00For
SEI287,5500 00For
Russell Investments117,6430 00For

7. Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Shares

No official resultsCAPITAL STRUCTURECORPORATE GOVERNANCE

Meeting held August 30, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 60,479,711 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: 60,479,711
Largest asset managers voting on “Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Shares” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group25,249,0200 00For
Vanguard13,926,8330 00For
T. Rowe Price2,947,4890 00For
Fidelity2,404,7210 00For
American Century1,831,3500 00For
Thornburg1,661,6350 00For
Dimensional1,655,7200 00For
Columbia Threadneedle1,449,6300 00For
EMERGING MARKETS EQUITIES FUND INC1,405,1380 00For
WILLIAM BLAIR FUNDS1,230,1940 00For
MATTHEWS INTERNATIONAL FUNDS972,1220 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST901,8830 00For
TIAA899,8580 00For
WisdomTree590,5360 00For
State Street493,4020 00For
Franklin Templeton438,6030 00For
Morgan Stanley293,2660 00For
New York Life232,0000 00For
Catholic Responsible Investments Funds231,9270 00For
WASATCH FUNDS TRUST177,3160 00For
Victory Capital171,6740 00For
Dunham Funds143,7970 00For
Northern Trust142,0290 00For
Federated Hermes139,6160 00For
Principal117,8130 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

8. Amendments to Capital Clause of the Memorandum of Association

No official resultsCORPORATE GOVERNANCE

Meeting held August 30, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,281,977 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: 10,281,977
Largest asset managers voting on “Amendments to Capital Clause of the Memorandum of Association” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,756,1980 00For
Federated Hermes669,3940 00For
Charles Schwab621,5590 00For
SEI408,4890 00For
VanEck ETF Trust378,1010 00For
Transamerica187,7460 00For
Vanguard98,3880 00For
Hartford95,5830 00For
Russell Investments59,3190 00For
Goldman Sachs7,2000 00For

9. To approve alteration of capital clause of the memorandum of association of the company

No official resultsCAPITAL STRUCTURECORPORATE GOVERNANCE

Meeting held August 30, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

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

Description as filed by funds: TO APPROVE ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY

The 9 asset managers below reported 12,484,075 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: 12,484,075
Largest asset managers voting on “TO APPROVE ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock11,882,2040 00For
Calamos251,5350 00For
John Hancock129,3570 00For
AMG FUNDS III74,5820 00For
Jackson National54,9100 00For
JPMorgan38,7070 00For
MASTER INVESTMENT PORTFOLIO28,9580 00For
GPS Funds I19,5040 00For
RBC FUNDS TRUST4,3180 00For

10. Approve Sub-Division/Split of Equity Shares

No official resultsCAPITAL STRUCTURE

Meeting held August 30, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 60,479,711 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: 60,479,711
Largest asset managers voting on “Approve Sub-Division/Split of Equity Shares” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group25,249,0200 00For
Vanguard13,926,8330 00For
T. Rowe Price2,947,4890 00For
Fidelity2,404,7210 00For
American Century1,831,3500 00For
Thornburg1,661,6350 00For
Dimensional1,655,7200 00For
Columbia Threadneedle1,449,6300 00For
EMERGING MARKETS EQUITIES FUND INC1,405,1380 00For
WILLIAM BLAIR FUNDS1,230,1940 00For
MATTHEWS INTERNATIONAL FUNDS972,1220 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST901,8830 00For
TIAA899,8580 00For
WisdomTree590,5360 00For
State Street493,4020 00For
Franklin Templeton438,6030 00For
Morgan Stanley293,2660 00For
New York Life232,0000 00For
Catholic Responsible Investments Funds231,9270 00For
WASATCH FUNDS TRUST177,3160 00For
Victory Capital171,6740 00For
Dunham Funds143,7970 00For
Northern Trust142,0290 00For
Federated Hermes139,6160 00For
Principal117,8130 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

11. Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights

No official resultsCAPITAL STRUCTURE

Meeting held November 8, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 46 asset managers

The 46 asset managers below reported 141,931,428 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: 141,931,428
Largest asset managers voting on “Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group61,111,9790 00For
Vanguard34,438,8400 00For
T. Rowe Price6,737,8070 00For
Fidelity5,400,8740 00For
American Century4,581,9570 00For
Dimensional4,144,7070 00For
Columbia Threadneedle3,893,8460 00For
EMERGING MARKETS EQUITIES FUND INC2,920,6120 00For
TIAA2,280,2940 00For
MATTHEWS INTERNATIONAL FUNDS2,272,4050 00For
Thornburg2,002,8170 00For
WILLIAM BLAIR FUNDS1,855,4270 00For
Principal1,609,2710 00For
WisdomTree1,469,6550 00For
State Street1,244,5910 00For
Franklin Templeton1,153,4000 00For
Morgan Stanley848,0870 00For
Catholic Responsible Investments Funds450,3540 00For
Northern Trust358,7360 00For
Federated Hermes349,0400 00For
New York Life334,0000 00For
Victory Capital325,0640 00For
Dunham Funds307,7650 00For
Brighthouse234,9370 00For
Invesco191,0610 00For

Showing the 25 largest of 46 asset managers. All 46 are in the interactive database (link above).

12. Sub-division/Split of Equity Shares of the Company

No official resultsCAPITAL STRUCTURE

Meeting held August 30, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 10,281,977 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: 10,281,977
Largest asset managers voting on “Sub-division/Split of Equity Shares of the Company” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM7,756,1980 00For
Federated Hermes669,3940 00For
Charles Schwab621,5590 00For
SEI408,4890 00For
VanEck ETF Trust378,1010 00For
Transamerica187,7460 00For
Vanguard98,3880 00For
Hartford95,5830 00For
Russell Investments59,3190 00For
Goldman Sachs7,2000 00For

13. To approve raising of funds by WAY of issuance of equity shares through qualified institutions placement (QIP)

No official resultsCAPITAL STRUCTURE

Meeting held November 8, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: TO APPROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (QIP)

The 10 asset managers below reported 30,880,549 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: 30,880,549
Largest asset managers voting on “TO APPROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (QIP)” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock29,091,5570 00For
Calamos628,8370 00For
John Hancock310,2250 00For
JPMorgan241,3680 00For
AMG FUNDS III186,4550 00For
Advisors' Inner Circle Fund III173,5000 00For
Jackson National132,0370 00For
MASTER INVESTMENT PORTFOLIO72,3950 00For
GPS Funds I33,3800 00For
RBC FUNDS TRUST10,7950 00For

14. To approve sub-division/split of equity shares of the company

No official resultsCAPITAL STRUCTURE

Meeting held August 30, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

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

Description as filed by funds: TO APPROVE SUB-DIVISION/SPLIT OF EQUITY SHARES OF THE COMPANY

The 9 asset managers below reported 12,484,075 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: 12,484,075
Largest asset managers voting on “TO APPROVE SUB-DIVISION/SPLIT OF EQUITY SHARES OF THE COMPANY” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock11,882,2040 00For
Calamos251,5350 00For
John Hancock129,3570 00For
AMG FUNDS III74,5820 00For
Jackson National54,9100 00For
JPMorgan38,7070 00For
MASTER INVESTMENT PORTFOLIO28,9580 00For
GPS Funds I19,5040 00For
RBC FUNDS TRUST4,3180 00For

15. Authority to Issue Shares w/o Preemptive Rights

No official resultsCAPITAL STRUCTURE

Meeting held November 8, 2024; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,097,610 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: 28,097,610
Largest asset managers voting on “Authority to Issue Shares w/o Preemptive Rights” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Prudential/PGIM23,140,0960 00For
Federated Hermes1,651,4220 00For
Charles Schwab1,546,1250 00For
VanEck ETF Trust970,2540 00For
SEI384,3300 00For
Vanguard225,0840 00For
Russell Investments138,9170 00For
Hartford41,3820 00For

16. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 134,118,677 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: 134,118,677
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group57,467,1340 00For
Vanguard35,876,1550 00For
Fidelity6,296,2830 00For
T. Rowe Price6,141,0870 00For
Dimensional3,956,6310 00For
Principal3,266,6010 00For
Columbia Threadneedle2,829,8730 00For
TIAA2,552,5210 00For
American Century2,345,0720 00For
Thornburg2,277,5190 00For
State Street1,458,1790 00For
Franklin Templeton1,279,4260 00For
WisdomTree1,270,4480 00For
Morgan Stanley1,269,3010 00For
MATTHEWS INTERNATIONAL FUNDS1,169,2970 00For
AMERICAN BEACON FUNDS690,5190 00For
EMERGING MARKETS EQUITIES FUND INC618,8660 00For
Catholic Responsible Investments Funds450,3540 00For
Northern Trust396,0750 00For
GuideStone290,9100 00For
Victory Capital285,0810 00For
Dunham Funds274,9560 00For
Federated Hermes267,4480 00For
Invesco186,5890 00For
Brighthouse179,1550 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

17. Approve Final Dividend

No official resultsCAPITAL STRUCTURE

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 134,118,677 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: 134,118,677
Largest asset managers voting on “Approve Final Dividend” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group57,467,1340 00For
Vanguard35,876,1550 00For
Fidelity6,296,2830 00For
T. Rowe Price6,141,0870 00For
Dimensional3,956,6310 00For
Principal3,266,6010 00For
Columbia Threadneedle2,829,8730 00For
TIAA2,552,5210 00For
American Century2,345,0720 00For
Thornburg2,277,5190 00For
State Street1,458,1790 00For
Franklin Templeton1,279,4260 00For
WisdomTree1,270,4480 00For
Morgan Stanley1,269,3010 00For
MATTHEWS INTERNATIONAL FUNDS1,169,2970 00For
AMERICAN BEACON FUNDS690,5190 00For
EMERGING MARKETS EQUITIES FUND INC618,8660 00For
Catholic Responsible Investments Funds450,3540 00For
Northern Trust396,0750 00For
GuideStone290,9100 00For
Victory Capital285,0810 00For
Dunham Funds274,9560 00For
Federated Hermes267,4480 00For
Invesco186,5890 00For
Brighthouse179,1550 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

18. To declare final dividend of RS 0.50 per equity share of face value of RS 2/- each for the financial year ended…

No official resultsCAPITAL STRUCTURE

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: TO DECLARE FINAL DIVIDEND OF RS 0.50 PER EQUITY SHARE OF FACE VALUE OF RS 2/- EACH FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2024

The 10 asset managers below reported 33,268,544 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: 33,268,544
Largest asset managers voting on “TO DECLARE FINAL DIVIDEND OF RS 0.50 PER EQUITY SHARE OF FACE VALUE OF RS 2/- EACH FOR THE FINANCIAL YEAR ENDE” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,093,0760 00For
Brown Advisory Funds800,7630 00For
John Hancock307,2850 00For
JPMorgan300,0260 00For
PFM Multi-Manager Series Trust294,8580 00For
AMG FUNDS III186,4550 00For
MASTER INVESTMENT PORTFOLIO133,5380 00For
Jackson National131,4990 00For
RBC FUNDS TRUST12,1070 00For
GPS Funds I8,9370 00For

19. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 10,240,136 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: 10,240,136
Largest asset managers voting on “Accounts and Reports” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford5,580,9910 00For
Charles Schwab1,442,6870 00For
Fidelity1,196,4860 00For
Vanguard798,4230 00For
Federated Hermes454,4760 00For
Prudential/PGIM361,8800 00For
SEI287,5500 00For
Russell Investments117,6430 00For

20. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 10,240,136 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: 10,240,136
Largest asset managers voting on “Allocation of Profits/Dividends” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford5,580,9910 00For
Charles Schwab1,442,6870 00For
Fidelity1,196,4860 00For
Vanguard798,4230 00For
Federated Hermes454,4760 00For
Prudential/PGIM361,8800 00For
SEI287,5500 00For
Russell Investments117,6430 00For

21. Approve Sanjay Grover & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration

No official resultsAUDIT-RELATED

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 134,118,677 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: 134,118,677
Largest asset managers voting on “Approve Sanjay Grover & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group57,467,1340 00For
Vanguard35,876,1550 00For
Fidelity6,296,2830 00For
T. Rowe Price6,141,0870 00For
Dimensional3,956,6310 00For
Principal3,266,6010 00For
Columbia Threadneedle2,829,8730 00For
TIAA2,552,5210 00For
American Century2,345,0720 00For
Thornburg2,277,5190 00For
State Street1,458,1790 00For
Franklin Templeton1,279,4260 00For
WisdomTree1,270,4480 00For
Morgan Stanley1,269,3010 00For
MATTHEWS INTERNATIONAL FUNDS1,169,2970 00For
AMERICAN BEACON FUNDS690,5190 00For
EMERGING MARKETS EQUITIES FUND INC618,8660 00For
Catholic Responsible Investments Funds450,3540 00For
Northern Trust396,0750 00For
GuideStone290,9100 00For
Victory Capital285,0810 00For
Dunham Funds274,9560 00For
Federated Hermes267,4480 00For
Invesco186,5890 00For
Brighthouse179,1550 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

22. To appoint m/s. sanjay grover and associates, firm of company secretaries in practice as secretarial auditors for a…

No official resultsAUDIT-RELATED

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: TO APPOINT M/S. SANJAY GROVER AND ASSOCIATES, FIRM OF COMPANY SECRETARIES IN PRACTICE AS SECRETARIAL AUDITORS FOR A TERM OF UP TO 5(FIVE) CONSECUTIVE YEARS, FIX THEIR REMUNERATION

The 10 asset managers below reported 33,268,544 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: 33,268,544
Largest asset managers voting on “TO APPOINT M/S. SANJAY GROVER AND ASSOCIATES, FIRM OF COMPANY SECRETARIES IN PRACTICE AS SECRETARIAL AUDITORS ” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,093,0760 00For
Brown Advisory Funds800,7630 00For
John Hancock307,2850 00For
JPMorgan300,0260 00For
PFM Multi-Manager Series Trust294,8580 00For
AMG FUNDS III186,4550 00For
MASTER INVESTMENT PORTFOLIO133,5380 00For
Jackson National131,4990 00For
RBC FUNDS TRUST12,1070 00For
GPS Funds I8,9370 00For

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

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 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, 2024

The 10 asset managers below reported 33,268,544 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: 33,268,544
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 Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,093,0760 00For
Brown Advisory Funds800,7630 00For
John Hancock307,2850 00For
JPMorgan300,0260 00For
PFM Multi-Manager Series Trust294,8580 00For
AMG FUNDS III186,4550 00For
MASTER INVESTMENT PORTFOLIO133,5380 00For
Jackson National131,4990 00For
RBC FUNDS TRUST12,1070 00For
GPS Funds I8,9370 00For

24. Appointment of Secretarial Auditors

No official resultsAUDIT-RELATED

Meeting held April 3, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 10,240,136 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: 10,240,136
Largest asset managers voting on “Appointment of Secretarial Auditors” at Varun Beverages Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford5,580,9910 00For
Charles Schwab1,442,6870 00For
Fidelity1,196,4860 00For
Vanguard798,4230 00For
Federated Hermes454,4760 00For
Prudential/PGIM361,8800 00For
SEI287,5500 00For
Russell Investments117,6430 00For

Largest Varun Beverages Limited shareholders voting in 2024-2025

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 Limited shareholders by shares voted on “Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Shares”, 2024-2025
#Asset manager Shares voted
1Capital Group 25,249,020
2Vanguard 13,926,833
3T. Rowe Price 2,947,489
4Fidelity 2,404,721
5American Century 1,831,350
6Thornburg 1,661,635
7Dimensional 1,655,720
8Columbia Threadneedle 1,449,630
9EMERGING MARKETS EQUITIES FUND INC 1,405,138
10WILLIAM BLAIR FUNDS 1,230,194

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Varun Beverages Limited for the 2024-2025 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 Limited proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “Varun Beverages Limited 2024-2025 Shareholder Meetings: Vote Results”, https://proxyvotesnow.com/company/varun-beverages-ltd/2025 (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.