Varroc Engineering Limited has announced a key leadership change with the resignation of its Chief Technical Officer, Mr. Fritz Abraham, who will step down from his role as Senior Managerial Personnel effective March 27, 2026.

Resignation Details and Timeline

The resignation follows a structured timeline that began with Abraham's formal resignation letter dated July 30, 2025. The departure was mutually agreed upon between Abraham and CEO Arjun Jain, with the effective date set for the close of business hours on March 27, 2026.

Personal Reasons Behind the Decision

According to the resignation letter and regulatory disclosures, Abraham cited personal reasons for his departure, specifically mentioning family medical reasons. In his resignation letter addressed to CEO Arjun Jain, Abraham explained that both he and Andrea have decided to relocate to Austria, necessitating his departure from the company.

The resignation letter highlighted the mutual understanding between Abraham and the company leadership, with Abraham noting the meeting was "filled with a great sense of mutual trust and understanding." The timing was strategically planned to coincide with the end of the fiscal year.

Succession Planning

Varroc Engineering has proactively addressed the leadership transition by identifying a suitable successor for the Chief Technical Officer position. The company expects the new appointee to join during Q2 of FY 2026-27, ensuring continuity in technical leadership.

The company has committed to making necessary regulatory disclosures upon the formal appointment of Abraham's successor, maintaining transparency with stakeholders throughout the transition process.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Anil Ghatiya signed the disclosure document, ensuring all regulatory requirements were met.

The information has been communicated to both the National Stock Exchange of India Limited and BSE Limited, and has been made available on the company's website at www.varroc.com as part of standard disclosure practices.

Varroc Engineering Limited has disclosed an update regarding the ongoing legal dispute involving its step-down subsidiary Varroc Electronics Romania S.R.L. (VeR) against Opmobility Lighting Holding, a Plastic Omnium Group company incorporated under French law. The company made this disclosure under Regulation 30 of SEBI LODR Regulations on March 20, 2026.

Legal Proceedings Status

The dispute has progressed to the Paris Court of Appeal following VeR's initial filing at the Paris Commercial Court. Both parties have now filed appeals, with VeR pursuing its claim while Opmobility has submitted a counterclaim. The legal battle centers around a Supply Agreement executed between the two companies.

Financial Implications

The current quantum of claims stands at Euro 39.16 million plus legal and other costs, representing a reduction from the original claim of Euro 76 million plus costs. Varroc Engineering has indicated that financial implications will depend on the proceedings' outcome.

Company's Position

Varroc Engineering stated it is evaluating the matter and exploring legal and contractual remedies available. The company expressed its intention to consider further legal steps to protect its interests as the case progresses through the French judicial system.

Regulatory Compliance

The disclosure was made in compliance with SEBI LODR Regulations and follows the company's previous communication dated July 8, 2025. The information has been placed on the company's website at www.varroc.com as part of its transparency obligations to stakeholders.