Varroc Engineering Limited has successfully completed the redemption of Commercial Papers worth Rs. 50 Crore on their scheduled maturity date of January 27, 2026. The company informed the stock exchanges about fulfilling its payment obligations in accordance with SEBI operational guidelines.

Commercial Paper Redemption Details

The redemption pertains to Commercial Papers issued to Kotak Mahindra Bank Limited with specific terms and conditions. The company has provided comprehensive details of the transaction to ensure transparency and regulatory compliance.

Regulatory Compliance

The redemption was executed in compliance with SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and its subsequent amendments. This circular governs the issue and listing of non-convertible securities, securitized debt instruments, security receipts, municipal debt securities, and commercial papers.

Payment Execution

Varroc Engineering Limited completed the payment on the scheduled maturity date, demonstrating the company's commitment to honoring its debt obligations. The payment was processed with specific reference details including payment reference number ICICR5202 and transaction codes 60127002 and 82896.

Corporate Communication

The company's communication was signed by Anil Ghatiya, Company Secretary & Compliance Officer, and was addressed to both the National Stock Exchange of India Limited (NSE Symbol: VARROC) and BSE Limited (Security Code: 541578). The formal notification ensures that all stakeholders are informed about the successful completion of the redemption process.

This redemption reflects the company's financial discipline and adherence to its debt servicing commitments, maintaining transparency with regulatory authorities and investors regarding its commercial paper obligations.

Varroc engineering Limited has announced the implementation of a Voluntary Retirement Scheme (VRS) for permanent workmen across its various facilities. The automotive components manufacturer informed stock exchanges about this strategic workforce restructuring initiative on January 16, 2026.

VRS Implementation Details

The company received significant response to its voluntary retirement scheme from eligible employees. The participation and financial details are outlined below:

Scheme Framework and Benefits

Varroc Engineering emphasized that the VRS has been formulated in a manner beneficial to both the company and the participating workmen. The scheme targets permanent workmen across the company's various manufacturing facilities, providing them with an opportunity for voluntary separation with financial compensation.

The high acceptance rate of 95.14% indicates strong employee participation in the scheme, with only 21 applications out of 432 being declined by the company.

Regulatory Compliance

The company has communicated this development to both the National Stock Exchange of India Limited (NSE Symbol: VARROC) and BSE Limited (BSE Security Code: 541578) as part of its compliance obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Secretary and Compliance Officer Anil Ghatiya signed the regulatory intimation, ensuring proper disclosure of this material development to stakeholders and the investing public.