The Board of Directors of Varun Beverages Limited at their meeting held on March 19, 2018, approved the following: Dr. Girish Ahuja and Mr. Ravindra Dhariwal (Independent Directors) ceased to be the Directors of the Company with effect from March 19, 2018; Dr. Ravi Gupta and Ms. Rashmi Dhariwal appointed as an Additional and Independent Directors of the Company for a period of up to 5 years with effect from March 19, 2018; Mr. Sanjoy Mukerji and Ms. Geeta Kapoor (Independent Directors) resigned from the Directorship of the Company with effect from March 19, 2018.