News Corporate Actions Varroc Engineering Clarifies Non-Convertible Debentures Partial Redemption Process to BSEVarroc Engineering Clarifies Non-Convertible Debentures Partial Redemption Process to BSE
Varroc Engineering Limited clarified to BSE that its NCD redemption follows a partial face value reduction method rather than reducing the number of debentures. The current face value stands at Rs. 68,750 per NCD, down from the original Rs. 1,00,000, with 25,000 NCDs remaining unchanged since allotment. The next redemption will reduce face value by Rs. 6,250 per NCD.
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Varroc Engineering Limited has provided detailed clarification to BSE Limited regarding the partial redemption mechanism of its Non-Convertible Debentures (NCDs), responding to a query raised on January 27, 2026. The clarification addresses the redemption process for NCDs with ISIN INE665L07040 and Scrip Code 975062.
Partial Redemption Mechanism
The company confirmed that the redemption of NCDs is executed through partial redemption of face value, in accordance with the Debenture Trust Deed (DTD) and General Information Document (GID). This method ensures that the total number of NCDs remains constant while reducing the face value of each debenture upon redemption.
Current NCD Status
The following table presents the current status of the NCDs, reflecting the last part-redemption that was due on December 7, 2025, and paid on December 5, 2025:
| Parameter: | Amount/Details |
|---|---|
| Original Face Value per NCD: | Rs. 1,00,000 |
| Current Face Value per NCD: | Rs. 68,750 |
| Face Value to be Redeemed: | Rs. 6,250 |
| Post-redemption Face Value per NCD: | Rs. 62,500 |
| Total Number of NCDs: | 25,000 (unchanged) |
Redemption Process Details
The company emphasized that the number of NCDs has remained unchanged at 25,000 units since the original allotment. Only the face value of each NCD is reduced upon redemption, which differentiates this approach from other redemption methods where the number of securities might be reduced.
Payment Schedule Compliance
Varroc Engineering confirmed that outstanding amounts, along with applicable interest, are being paid according to the scheduled terms agreed between the company and the Debenture Trustee/holder. The systematic approach ensures compliance with the original terms while maintaining transparency with stakeholders.
The response was signed by Anil Ghatiya, Company Secretary & Compliance Officer, on January 27, 2026, providing formal documentation of the redemption clarification to BSE Limited.
Historical Stock Returns for Varroc Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.29% | -1.86% | -12.60% | -0.56% | -3.05% | +30.91% |
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