varroc engineering has announced a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended the dividend at its meeting held on May 27, 2026. The payout, if approved by shareholders, will be paid within 30 days of the declaration at the Annual General Meeting.

The company has fixed Friday, August 7, 2026, as the record date to determine the entitlement of members to the final dividend. All shares of the company are held in dematerialised form, and the dividend will be paid only through electronic mode. Shareholders have been requested to ensure their bank account details are updated with their depository participants.

Varroc Engineering will conduct its 38th Annual General Meeting (AGM) on Thursday, August 20, 2026, at 11:00 a.m. IST. The meeting will be held via Video Conference (VC) or Other Audio Visual Means (OAVM) without a physical venue. Members attending through VC/OAVM will be counted for the purpose of reckoning the quorum.

The AGM Notice and Annual Report for FY 2025-26 will be sent electronically to members whose email addresses are registered with the depository participants or the company. Documents will also be available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited. The company has engaged NSDL to provide remote e-voting and e-voting facilities during the AGM.

Regarding tax compliance, the company stated that dividend income is taxable in the hands of shareholders. Varroc Engineering will deduct tax at source (TDS) at prescribed rates. Members have been advised to update their residential status, PAN, and category details with their depository participants by August 7, 2026, to ensure correct TDS deduction. Resident individuals not liable to pay income tax may submit Form 121 to avail of non-deduction benefits.

Varroc Engineering has agreed to invest up to ₹48.7 lakh in two special purpose vehicles (SPVs) promoted by AMPIN C&I Power Private Limited to secure captive solar power for its manufacturing facilities in Tamil Nadu and Karnataka. The company entered into a Power Delivery Agreement (PDA) and Share Purchase and Shareholder’s Agreement (SP&SA) with AMPIN Energy C&I One Private Limited and AMPIN C&I Power Twelve Private Limited. This strategic move will enable the company to source solar energy directly for its operations in these states under the Captive Power Scheme.

The investment involves acquiring equity shares in both SPVs through cash consideration. For the Tamil Nadu project involving AMPIN Energy C&I One Private Limited, the investment will not exceed ₹22,80,000 for the acquisition of 2,28,000 Equity Shares of ₹10 each, representing 0.44% of the equity share capital. The Karnataka project with AMPIN C&I Power Twelve Private Limited involves an investment of up to ₹25,90,000 for 2,59,000 Equity Shares of ₹10 each, representing 0.83% of the equity share capital. The transaction is not a related party transaction and is conducted at arm's length.

Project Details and Capacity

The SPVs have been incorporated to develop, build, and manage a portfolio of renewable power assets. The projects are designed to provide specific captive capacities to the company's facilities.

Agreement and Timeline

AMPIN C&I Power Private Limited acts as the holding company for the two SPVs. The agreements do not grant the company any special rights, such as the right to appoint directors or restrict changes in capital structure. The company expects the acquisition to be completed on or before August 30, 2026.