Varun Beverages Limited at its board of directors meeting held on August 2, 2021, approved the upgradation of Mr. Vikas Bhatia as a Key Managerial Personnel of the company with immediate effect, due to his role enhancement. Further, pursuant to recommendation of Nomination and Remuneration Committee and Audit, Risk Management and Ethics Committee, Mr. Rajesh Chawla is upgraded as key managerial personnel of the company with immediate effect in place of Mr. Vikas Bhatia. Mr. Chawla is a Finance professional with a diversified career spanning across more than 25 years of experience in controllership, commercial, manufacturing finance, financial planning, taxation etc. Before joining Varun Beverages Limited, he has worked with reputed organization like Whirlpool & SIS Group. In his earlier roles he was involved and leading the various projects of margin improvement, cost rationalization, working capital optimization, strengthening cash flows and driving ERP strategy of organization.