Varroc Engineering Limited has successfully completed the early redemption of its Non-Convertible Debentures (NCDs) through the exercise of call option, demonstrating strong financial management and commitment to timely debt servicing. The company informed stock exchanges about the completion of this significant financial transaction on March 6, 2026.

NCD Redemption Details

The company exercised the call option for early redemption of its 8.6% rated, listed, senior, secured, redeemable, taxable, transferable Non-Convertible Debentures. These NCDs were originally issued on a private placement basis with specific terms and conditions outlined in the debenture trust deed and information memorandum dated September 4, 2023.

Payment Execution

Varroc Engineering demonstrated exemplary financial discipline by completing both interest and principal payments ahead of schedule. The company made the payments on March 6, 2026, one day before the due date of March 7, 2026.

Interest Payment Structure

The NCDs carried a quarterly interest payment structure, with the record date set as February 13, 2026. The last interest payment prior to redemption was made on December 5, 2025. The final interest payment covered the period till the date of exercising the call option and was cleared along with the principal amount.

Transaction Processing

The company executed the payments through RTGS (Real Time Gross Settlement) system, ensuring secure and immediate transfer of funds to debenture holders. The interest payment was processed through RTGS reference ICICR52026030600512476, while the principal amount was transferred via RTGS reference ICICR52026030600513535.

Regulatory Compliance

This transaction was conducted in full compliance with Regulation 57 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also adhered to Regulation 15 of Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, demonstrating its commitment to regulatory compliance and transparency in debt market operations.

Varroc Engineering Limited has informed stock exchanges about its upcoming schedule of meetings with institutional investors and analysts from March 10-13, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Meeting Schedule Overview

The company has outlined a comprehensive four-day engagement program with institutional investors and analysts across Mumbai and Pune locations. All meetings will be conducted in person, providing direct interaction opportunities between company representatives and the investment community.

Investor Engagement Activities

The engagement program begins with a two-day promoter conference hosted by Investec Capital Services (India) Private Limited in Mumbai on Tuesday, March 10, 2026, and Wednesday, March 11, 2026. This extended session will run from 10.00 am to 5.00 pm each day, providing substantial time for detailed discussions with institutional investors.

Following the Mumbai conference, the focus shifts to Pune for facility visits. Investec Capital Services will organize a group visit to the company's Tech Center on Thursday, March 12, 2026, from 12.30 pm to 2.00 pm. The final engagement will be conducted by ICICI Securities, organizing another group visit to the Tech Center on Friday, March 13, 2026, from 2.00 pm to 4.00 pm.

Compliance and Information Sharing

Varroc Engineering has emphasized that all discussions during these meetings will be strictly based on publicly available information. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during any of the scheduled interactions, ensuring full compliance with regulatory requirements.

The company has also noted that changes to the schedule may occur due to exigencies on the part of participants or the company itself. This intimation has been filed with both the National Stock Exchange of India Limited and BSE Limited, and the information is being made available on the company's website at www.varroc.com for public access.