Varroc Engineering Limited (VEL) has provided comprehensive updates regarding its Non-Convertible Debentures (NCDs) to the Bombay Stock Exchange (BSE). The company has submitted regulatory disclosures under SEBI Regulation 54(2) regarding security details as on December 31, 2025, while also clarifying the redemption structure of its existing NCDs.

Latest NCD Security Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Varroc Engineering has disclosed the security details of its NCDs as on December 31, 2025. The disclosure was submitted to BSE on January 2, 2026, by Company Secretary & Compliance Officer Anil Ghatiya.

NCD Redemption Structure Clarification

VEL has also provided clarification to BSE regarding the redemption process of its NCDs, emphasizing a partial face value reduction approach rather than early full redemption. The company confirmed that redemption occurs through partial reductions in face value per NCD on scheduled record dates, as outlined in the original issuance terms.

Security and Compliance Framework

The NCDs are secured by way of exclusive charge on specific identified movable fixed assets of the company. The asset cover with respect to these NCDs, including interest obligations, maintains a ratio higher than the requirement of 1.10 times as specified in the Debenture Trust Deed. This provides additional security to NCD holders and demonstrates the company's commitment to maintaining adequate collateral coverage.

Implications for Stakeholders

These disclosures ensure transparency in Varroc Engineering's debt management strategy and regulatory compliance. The structured redemption approach allows for gradual debt repayment while maintaining the total number of NCDs constant at 25,000 units. Interest payments continue on the outstanding face value as per the original schedule, providing clarity to investors regarding their expected returns until the final maturity date in 2028.

Varroc Engineering Limited, a global tier-1 automotive supplier, has announced a significant addition to its leadership team. Avinash Chintawar has been appointed as the Chief Operating Officer (COO) for Business I, effective October 15, 2025. This strategic move aims to enhance the company's operational efficiency and align with its long-term vision.

Key Appointment Details

Role and Responsibilities

Chintawar will oversee the Operations Vertical within Business I, with a focus on:

• Strengthening operational efficiencies
• Enhancing overall performance
• Ensuring alignment with Varroc's long-term strategic vision

Professional Background

Avinash Chintawar brings over four decades of experience in the automotive and manufacturing sectors. His impressive career history includes:

Educational Qualifications

Management Comments

Arjun Jain, Whole Time Director & CEO of Business I at Varroc, expressed confidence in the appointment, stating, "We are delighted to welcome Avinash to the Varroc leadership team. His extensive experience and deep understanding of achieving operational excellence align perfectly with our needs as we drive the next phase of our growth."

Chintawar himself commented on his new role, saying, "I am excited to join Varroc at a time when the industry is undergoing such dynamic change. I look forward to working closely with the team to enhance operational excellence and contribute to its vision of sustainable and future-ready growth."

Company Overview

Varroc Engineering Ltd, incorporated in 1988, is a global tier-1 automotive component group. The company specializes in:

• E-mobility solutions
• Body systems solutions
• Lighting solutions
• HMI solutions
• ICE powertrain
• Advanced electronics

Varroc serves leading OEMs worldwide, offering end-to-end capabilities across design, development, and manufacturing for various vehicle types. In the fiscal year 2025, the group reported an income of ₹81,718.00 million from continued operations.

This strategic appointment underscores Varroc's commitment to operational excellence and sustainable growth in the evolving global automotive landscape. As the industry faces dynamic changes, Chintawar's extensive experience and leadership are expected to play a crucial role in driving Varroc's future success.