Varun Beverages Ltd (VBL), PepsiCo’s largest franchise bottler outside the US, has extended its exclusive bottling appointment and trademark license agreement with PepsiCo Inc. in India till April 30, 2049, the company said in a regulatory filing on Wednesday. The revised agreement replaces the earlier term that was valid till April 30, 2039. “Varun Beverages Limited (“VBL”) and PepsiCo Inc. and its affiliates (“PepsiCo”) have entered into a revised Exclusive bottling appointment and trademark license agreement for India (“EBA”) on May 21, 2026,” the company said. “The changes inter-alia include extension of the EBA for a term up to April 30, 2049, revised from earlier term up to April 30, 2039,” it added. The company also said PepsiCo has removed a key restriction that earlier prevented VBL from undertaking businesses outside PepsiCo operations.