Varroc engineering Limited has launched the third edition of its flagship innovation competition, Eureka Challenge 3.0 – Ignite Innovation, aimed at fostering next-generation engineering talent in India's mobility sector. The global tier-I auto components group announced this initiative on March 20, 2026, targeting the country's brightest engineering minds to tackle real-world challenges in the evolving automotive ecosystem.

Competition Structure and Eligibility

The competition welcomes participation from undergraduate and postgraduate engineering students across India, with particular focus on pre-final year students graduating in 2027. The challenge encompasses multiple engineering disciplines and offers flexible participation options.

Multi-Stage Evaluation Process

Building on the success of previous editions that attracted thousands of students nationwide, Eureka Challenge 3.0 follows a structured evaluation methodology. Participants must download problem statements from the platform and develop comprehensive solutions showcasing their technical knowledge and creativity. The competition emphasizes innovation and practical application of engineering principles to address industry-relevant challenges.

Leadership Vision and Industry Integration

Arjun Jain, CEO – Business I at Varroc, emphasized the company's commitment to sustainable mobility innovation. "The future of mobility is in safe, smart, and sustainable innovation that enables a safer road and a greener tomorrow. At Varroc, we are committed to building the next generation of automotive talent that will enable and inherit this transition," Jain stated. He highlighted how the platform encourages creativity, problem-solving, and real-world application of engineering principles, feeding into the company's successful Graduate Engineer Trainee program.

Rewards and Career Opportunities

The competition offers participants valuable industry exposure and networking opportunities with Varroc's domain experts. Winners can expect attractive incentives and career advancement prospects.

Company Background and Innovation Focus

As a global organization focused on safe, smart, and sustainable mobility solutions, Varroc Engineering Limited reinforces its commitment to nurturing talent through this initiative. The company bridges academia and industry by providing platforms for collaborative problem-solving in real-world mobility challenges. Incorporated in 1988, Varroc operates as a global tier-1 automotive component group with comprehensive capabilities across design, development, and manufacturing for various vehicle segments including two-wheelers, passenger vehicles, and commercial vehicles worldwide.

Registrations for Eureka Challenge 3.0 are now open through the Unstop platform, providing engineering students across India an opportunity to contribute to the future of mobility innovation while advancing their careers in the automotive sector.

Varroc Engineering Limited has received a new ESG rating of 75 from CFC Finlease Private Limited, a SEBI-registered and licensed ESG rating provider. The company announced this development through a regulatory filing dated March 9, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Details

The rating assessment was conducted voluntarily by CFC Finlease based on publicly available information about the company. The rating reflects Varroc Engineering's performance across key Environmental, Social, and Governance parameters as evaluated by the rating agency.

Company's Position on Rating

Varroc Engineering clarified that it did not directly engage CFC Finlease for obtaining this ESG rating. The company received the rating information through BSE Limited, indicating that the assessment was conducted independently by the rating agency without any formal engagement from the company's side.

Existing ESG Ratings

This new rating adds to Varroc Engineering's existing ESG assessments from other rating agencies. The company previously received ratings from:

• CRISIL ESG Ratings & Analytics Limited: ESG 54
• SES ESG Research Private Limited: 70.3

Regulatory Compliance

The company has fulfilled its disclosure obligations under the listing regulations by informing both the National Stock Exchange of India Limited and BSE Limited about this development. The information has also been made available on the company's official website at www.varroc.com , ensuring transparency and compliance with applicable regulatory requirements.

This ESG rating disclosure demonstrates the growing importance of environmental, social, and governance factors in corporate assessment and the increasing focus of rating agencies on evaluating companies across these parameters.