"Varun is a doing a film with us. The script has been finalised. It is an exciting, fun film. We are producing it," Karan said.
With this yet-to-be-titled film, Karan is set to launch two more newcomers.
"We will be launching a new girl with this film and a new director as well," he said without divulging any further details about the project.
Karan had launched Varun, son of filmmaker David Dhawan, Alia Bhatt, daughter of Mahesh Bhatt and model Siddharth Malhotra, in his directorial venture 'Student of the Year'.
Whereas, Alia will be seen opposite Arjun Kapoor in '2 States', which is jointly produced by Karan and Sajid Nadiadwala.
Siddharth, Varun and Alia are still part of Karan's Dharma Productions. And Karan says he keeps advising and nurturing them.
"They are part of Dharma family and they are bound to us. We represent them as well," Karan said.
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