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Home › Companies › Varun Beverages Limited › 2025-2026

Varun Beverages Limited 2025-2026 Proxy Voting Records

At Varun Beverages Limited's 2 shareholder meetings in the 2025-2026 proxy season (held November 29, 2025 and April 1, 2026), 53 asset managers reported how they voted in their SEC Form N-PX filings, covering 670 separate fund positions. Their filings are grouped here into 18 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 Object Clause of Memorandum of Association — 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.

  • 18Reported items
  • 53Asset managers
  • 670Fund votes
  • April 1, 2026Main 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 2025-2026 meetings

Each item below shows how the 53 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. Approve Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

15% of fund votes cast · no official result

FORAGAINST
Details: votes by 35 asset managers

The 35 asset managers below reported 14,250,178 for, 79,499,566 against, 344,556 abstained. 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: 14,250,178AGAINST: 79,499,566ABSTAIN: 344,556
Largest asset managers voting on “Approve Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard042,722,345 00Against
Capital Group14,144,9590 00For
Principal013,736,099 00Against
Fidelity06,420,041 00Against
Franklin Templeton02,216,964 00Against
TIAA02,204,727 00Against
Columbia Threadneedle01,955,511 00Against
State Street01,717,938 00Against
American Century01,635,562 00Against
JPMorgan01,077,695 00Against
MATTHEWS INTERNATIONAL FUNDS0896,202 00Against
Dimensional0879,412 00Against
WisdomTree0600,501 00Against
GuideStone0561,951 00Against
Morgan Stanley0538,579 00Against
Catholic Responsible Investments Funds0489,006 00Against
Global Macro Absolute Return Advantage Portfolio0411,600 00Against
AMERICAN BEACON FUNDS00 344,5560Abstain
Northern Trust0336,692 00Against
Grandeur Peak Global Trust105,21969,220 00Mixed
AQR0166,720 00Against
PRINCIPAL VARIABLE CONTRACTS FUNDS INC0163,273 00Against
Global Macro Capital Opportunities Portfolio0128,047 00Against
Eaton Vance0116,700 00Against
Global Macro Portfolio089,200 00Against

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

2. Reelect Raj Gandhi as Director

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

99.4% of fund votes cast · no official result

FOR
Details: votes by 35 asset managers

The 35 asset managers below reported 93,650,270 for, 489,006 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: 93,650,270AGAINST: 489,006
Largest asset managers voting on “Reelect Raj Gandhi as Director” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard42,722,3450 00For
Capital Group14,144,9590 00For
Principal13,736,0990 00For
Fidelity6,420,0410 00For
Franklin Templeton2,216,9640 00For
TIAA2,204,7270 00For
Columbia Threadneedle1,955,5110 00For
State Street1,717,9380 00For
American Century1,635,5620 00For
JPMorgan1,077,6950 00For
MATTHEWS INTERNATIONAL FUNDS896,2020 00For
Dimensional879,4120 00For
WisdomTree600,5010 00For
GuideStone561,9510 00For
Morgan Stanley538,5790 00For
Catholic Responsible Investments Funds0489,006 00Against
Global Macro Absolute Return Advantage Portfolio411,6000 00For
AMERICAN BEACON FUNDS344,5560 00For
Northern Trust336,6920 00For
Grandeur Peak Global Trust219,4150 00For
AQR166,7200 00For
PRINCIPAL VARIABLE CONTRACTS FUNDS INC163,2730 00For
Global Macro Capital Opportunities Portfolio128,0470 00For
Eaton Vance116,7000 00For
Global Macro Portfolio89,2000 00For

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

3. Reelect Ravi Jaipuria as Director

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

98% of fund votes cast · no official result

FOR
Details: votes by 35 asset managers

The 35 asset managers below reported 92,684,239 for, 1,455,037 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: 92,684,239AGAINST: 1,455,037
Largest asset managers voting on “Reelect Ravi Jaipuria as Director” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard42,722,3450 00For
Capital Group14,144,9590 00For
Principal13,736,0990 00For
Fidelity6,420,0410 00For
Franklin Templeton2,216,9640 00For
TIAA2,204,7270 00For
Columbia Threadneedle1,955,5110 00For
State Street1,717,9380 00For
American Century1,635,5620 00For
JPMorgan1,077,6950 00For
MATTHEWS INTERNATIONAL FUNDS0896,202 00Against
Dimensional879,4120 00For
WisdomTree600,5010 00For
GuideStone561,9510 00For
Morgan Stanley538,5790 00For
Catholic Responsible Investments Funds0489,006 00Against
Global Macro Absolute Return Advantage Portfolio411,6000 00For
AMERICAN BEACON FUNDS344,5560 00For
Northern Trust336,6920 00For
Grandeur Peak Global Trust219,4150 00For
AQR166,7200 00For
PRINCIPAL VARIABLE CONTRACTS FUNDS INC163,2730 00For
Global Macro Capital Opportunities Portfolio128,0470 00For
Eaton Vance116,7000 00For
Global Macro Portfolio89,2000 00For

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

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

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 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 8 asset managers below reported 36,757,609 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: 36,757,609
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 Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock35,044,0630 00For
Brown Advisory Funds711,9190 00For
John Hancock309,3420 00For
NORTHERN LIGHTS FUND TRUST III236,3210 00For
Jackson National190,5630 00For
Six Circles Trust150,1640 00For
MASTER INVESTMENT PORTFOLIO96,8480 00For
RBC FUNDS TRUST18,3890 00For

5. To appoint MR. ravi jaipuria (DIN: 00003668), who retires by rotation and being eligible, offers himself for…

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

98% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO APPOINT MR. RAVI JAIPURIA (DIN: 00003668), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR

The 8 asset managers below reported 36,045,690 for, 711,919 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: 36,045,690AGAINST: 711,919
Largest asset managers voting on “TO APPOINT MR. RAVI JAIPURIA (DIN: 00003668), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR R” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock35,044,0630 00For
Brown Advisory Funds0711,919 00Against
John Hancock309,3420 00For
NORTHERN LIGHTS FUND TRUST III236,3210 00For
Jackson National190,5630 00For
Six Circles Trust150,1640 00For
MASTER INVESTMENT PORTFOLIO96,8480 00For
RBC FUNDS TRUST18,3890 00For

6. To approve continuation of directorship of MR. abhiram seth (DIN: 00176144) as a non-executive independent director in…

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

10% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO APPROVE CONTINUATION OF DIRECTORSHIP OF MR. ABHIRAM SETH (DIN: 00176144) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR IN TERMS OF REGULATION 17(1A) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

The 8 asset managers below reported 3,850,695 for, 32,906,914 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: 3,850,695AGAINST: 32,906,914
Largest asset managers voting on “TO APPROVE CONTINUATION OF DIRECTORSHIP OF MR. ABHIRAM SETH (DIN: 00176144) AS A NON-EXECUTIVE INDEPENDENT DIR” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock2,902,45532,141,608 00Mixed
Brown Advisory Funds711,9190 00For
John Hancock0309,342 00Against
NORTHERN LIGHTS FUND TRUST III236,3210 00For
Jackson National0190,563 00Against
Six Circles Trust0150,164 00Against
MASTER INVESTMENT PORTFOLIO096,848 00Against
RBC FUNDS TRUST018,389 00Against

7. Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 10,305,943 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: 10,305,943
Largest asset managers voting on “Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hartford6,611,4660 00For
Charles Schwab1,592,8340 00For
Fidelity1,453,1560 00For
Federated Hermes484,1620 00For
Vanguard164,3250 00For

8. Elect Raj Pal Gandhi

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 10,305,943 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: 10,305,943
Largest asset managers voting on “Elect Raj Pal Gandhi” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hartford6,611,4660 00For
Charles Schwab1,592,8340 00For
Fidelity1,453,1560 00For
Federated Hermes484,1620 00For
Vanguard164,3250 00For

9. Elect Ravi Kant Jaipuria

No official resultsDIRECTOR ELECTIONS

Meeting held April 1, 2026; no official results are on file for this meeting.

97% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 9,959,041 for, 346,902 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: 9,959,041AGAINST: 346,902
Largest asset managers voting on “Elect Ravi Kant Jaipuria” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hartford6,428,889182,577 00For
Charles Schwab1,592,8340 00For
Fidelity1,453,1560 00For
Federated Hermes484,1620 00For
Vanguard0164,325 00Against

10. Amend Object Clause of Memorandum of Association

No official resultsCORPORATE GOVERNANCE

Meeting held November 29, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 42 asset managers

The 42 asset managers below reported 95,129,503 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: 95,129,503
Largest asset managers voting on “Amend Object Clause of Memorandum of Association” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard43,898,9500 00For
Capital Group14,392,0570 00For
Fidelity6,593,3720 00For
Principal6,526,2340 00For
T. Rowe Price5,740,3020 00For
TIAA2,404,8260 00For
Columbia Threadneedle2,112,9700 00For
Franklin Templeton1,898,6440 00For
State Street1,590,4890 00For
Thornburg1,353,0180 00For
Morgan Stanley1,140,0000 00For
WisdomTree995,0470 00For
American Century939,5380 00For
MATTHEWS INTERNATIONAL FUNDS872,6930 00For
Dimensional829,3750 00For
Catholic Responsible Investments Funds489,0060 00For
GuideStone404,8560 00For
Global Macro Capital Opportunities Portfolio351,0470 00For
AMERICAN BEACON FUNDS346,6520 00For
Northern Trust335,8840 00For
EMERGING MARKETS EQUITIES FUND INC237,9080 00For
Global Macro Absolute Return Advantage Portfolio218,0000 00For
JPMorgan210,0330 00For
Invesco179,6450 00For
AQR166,7200 00For

Showing the 25 largest of 42 asset managers. All 42 are in the interactive database (link above).

11. To approve alteration of object clause of the memorandum of association of the company

No official resultsCORPORATE GOVERNANCE

Meeting held November 29, 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 8 asset managers

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

The 8 asset managers below reported 33,483,772 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: 33,483,772
Largest asset managers voting on “TO APPROVE ALTERATION OF OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock31,923,5590 00For
Brown Advisory Funds677,2680 00For
John Hancock305,8440 00For
NORTHERN LIGHTS FUND TRUST III188,0990 00For
Six Circles Trust150,1640 00For
Jackson National123,6010 00For
MASTER INVESTMENT PORTFOLIO96,8480 00For
RBC FUNDS TRUST18,3890 00For

12. Amendments to the Object Clause of the Memorandum of Association

No official resultsCORPORATE GOVERNANCE

Meeting held November 29, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 14,244,560 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: 14,244,560
Largest asset managers voting on “Amendments to the Object Clause of the Memorandum of Association” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hartford9,538,5710 00For
Fidelity2,419,2410 00For
Charles Schwab1,595,9660 00For
Federated Hermes457,6230 00For
Vanguard233,1590 00For

13. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 35 asset managers

The 35 asset managers below reported 94,034,057 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: 94,034,057
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard42,722,3450 00For
Capital Group14,144,9590 00For
Principal13,736,0990 00For
Fidelity6,420,0410 00For
Franklin Templeton2,216,9640 00For
TIAA2,204,7270 00For
Columbia Threadneedle1,955,5110 00For
State Street1,717,9380 00For
American Century1,635,5620 00For
JPMorgan1,077,6950 00For
MATTHEWS INTERNATIONAL FUNDS896,2020 00For
Dimensional879,4120 00For
WisdomTree600,5010 00For
GuideStone561,9510 00For
Morgan Stanley538,5790 00For
Catholic Responsible Investments Funds489,0060 00For
Global Macro Absolute Return Advantage Portfolio411,6000 00For
AMERICAN BEACON FUNDS344,5560 00For
Northern Trust336,6920 00For
AQR166,7200 00For
PRINCIPAL VARIABLE CONTRACTS FUNDS INC163,2730 00For
Global Macro Capital Opportunities Portfolio128,0470 00For
Eaton Vance116,7000 00For
Grandeur Peak Global Trust114,1960 00For
Global Macro Portfolio89,2000 00For

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

14. Approve Final Dividend

No official resultsCAPITAL STRUCTURE

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 35 asset managers

The 35 asset managers below reported 94,139,276 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: 94,139,276
Largest asset managers voting on “Approve Final Dividend” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard42,722,3450 00For
Capital Group14,144,9590 00For
Principal13,736,0990 00For
Fidelity6,420,0410 00For
Franklin Templeton2,216,9640 00For
TIAA2,204,7270 00For
Columbia Threadneedle1,955,5110 00For
State Street1,717,9380 00For
American Century1,635,5620 00For
JPMorgan1,077,6950 00For
MATTHEWS INTERNATIONAL FUNDS896,2020 00For
Dimensional879,4120 00For
WisdomTree600,5010 00For
GuideStone561,9510 00For
Morgan Stanley538,5790 00For
Catholic Responsible Investments Funds489,0060 00For
Global Macro Absolute Return Advantage Portfolio411,6000 00For
AMERICAN BEACON FUNDS344,5560 00For
Northern Trust336,6920 00For
Grandeur Peak Global Trust219,4150 00For
AQR166,7200 00For
PRINCIPAL VARIABLE CONTRACTS FUNDS INC163,2730 00For
Global Macro Capital Opportunities Portfolio128,0470 00For
Eaton Vance116,7000 00For
Global Macro Portfolio89,2000 00For

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

15. To declare final dividend of INR 0.50 per equity share of face value of INR 2 each for the financial year ended…

No official resultsCAPITAL STRUCTURE

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO DECLARE FINAL DIVIDEND OF INR 0.50 PER EQUITY SHARE OF FACE VALUE OF INR 2 EACH FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2025

The 8 asset managers below reported 36,757,609 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: 36,757,609
Largest asset managers voting on “TO DECLARE FINAL DIVIDEND OF INR 0.50 PER EQUITY SHARE OF FACE VALUE OF INR 2 EACH FOR THE FINANCIAL YEAR ENDE” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock35,044,0630 00For
Brown Advisory Funds711,9190 00For
John Hancock309,3420 00For
NORTHERN LIGHTS FUND TRUST III236,3210 00For
Jackson National190,5630 00For
Six Circles Trust150,1640 00For
MASTER INVESTMENT PORTFOLIO96,8480 00For
RBC FUNDS TRUST18,3890 00For

16. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 10,305,943 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: 10,305,943
Largest asset managers voting on “Accounts and Reports” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hartford6,611,4660 00For
Charles Schwab1,592,8340 00For
Fidelity1,453,1560 00For
Federated Hermes484,1620 00For
Vanguard164,3250 00For

17. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 10,305,943 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: 10,305,943
Largest asset managers voting on “Allocation of Profits/Dividends” at Varun Beverages Limited, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hartford6,611,4660 00For
Charles Schwab1,592,8340 00For
Fidelity1,453,1560 00For
Federated Hermes484,1620 00For
Vanguard164,3250 00For

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

Meeting held April 1, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 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, 2025

The 8 asset managers below reported 36,757,609 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: 36,757,609
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, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock35,044,0630 00For
Brown Advisory Funds711,9190 00For
John Hancock309,3420 00For
NORTHERN LIGHTS FUND TRUST III236,3210 00For
Jackson National190,5630 00For
Six Circles Trust150,1640 00For
MASTER INVESTMENT PORTFOLIO96,8480 00For
RBC FUNDS TRUST18,3890 00For

Largest Varun Beverages Limited shareholders voting in 2025-2026

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 Object Clause of Memorandum of Association”, 2025-2026
#Asset manager Shares voted
1Vanguard 43,898,950
2Capital Group 14,392,057
3Fidelity 6,593,372
4Principal 6,526,234
5T. Rowe Price 5,740,302
6TIAA 2,404,826
7Columbia Threadneedle 2,112,970
8Franklin Templeton 1,898,644
9State Street 1,590,489
10Thornburg 1,353,018

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Varun Beverages Limited for the 2025-2026 season, so there is no denominator to divide by.

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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 · 2025-2026 (this page).

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proxyvotesnow.com, “Varun Beverages Limited 2025-2026 Shareholder Meetings: Vote Results”, https://proxyvotesnow.com/company/varun-beverages-ltd/2026 (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.