Varroc Engineering Limited, a leading global automotive component manufacturer, has announced the deregistration of its step-down subsidiary, Varroc Lighting Systems Bulgaria EOOD. The Bulgarian entity, which was incorporated under the laws of the Republic of Bulgaria and registered with the Bulgarian Commercial Registrar, has ceased to exist as a legal entity effective October 2, 2025.

Key Details of the Deregistration

• Subsidiary Name: Varroc Lighting Systems Bulgaria EOOD
• Effective Date: October 2, 2025
• Financial Impact: The subsidiary had nil turnover, revenue, income, and net worth for the Financial Year 2024-25

Corporate Disclosure

Varroc Engineering Limited has duly informed the National Stock Exchange of India (NSE) and BSE Limited about this development, in compliance with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Company Background

Varroc Engineering Limited, headquartered in Aurangabad, Maharashtra, is a global tier-1 automotive component group. The company designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler, and off-highway vehicle OEMs directly worldwide.

Financial Information

As of September 30, 2025, Varroc Engineering Limited had outstanding Non-Convertible Debentures (NCDs) worth Rs. 187.50 crore, issued at a coupon rate of 8.60% per annum, maturing on September 7, 2028.

The company has paid interest of Rs. 4,40,30,821.92 and principal of Rs. 15,62,50,000 on its NCDs ahead of the due date in September 2025.

This strategic move to deregister the Bulgarian subsidiary with nil financial impact, coupled with the company's prompt fulfillment of its debt obligations, demonstrates Varroc Engineering's commitment to streamlining its operations while maintaining financial prudence in the automotive components sector.

Varroc Engineering Limited , a prominent player in the automotive component manufacturing sector, has successfully listed commercial papers (CPs) worth Rs. 50 crores on the National Stock Exchange of India Limited (NSE). This strategic move highlights the company's proactive approach to managing its short-term financial requirements.

Key Details of the Commercial Paper Issue

Financial Implications

The commercial papers were issued at a competitive discount rate of 6.90%, reflecting Varroc Engineering's strong credit standing in the market. With a face value of Rs. 5,00,000 per security and an issue price of Rs. 4,91,635.50, the company has effectively raised short-term capital at favorable terms.

Redemption and Record Date

Investors should note that the record date for redemption payment is set for November 19, 2025, with the redemption amount of Rs. 50 crores due on November 20, 2025. This timely disclosure ensures transparency and allows investors to plan accordingly.

Role of Financial Institutions

ICICI Bank Limited has been appointed as the Issue and Paying Agent for these commercial papers, underlining the robust financial infrastructure supporting this transaction.

Market Implications

The successful listing of these commercial papers on the NSE not only provides Varroc Engineering with additional liquidity but also reinforces investor confidence in the company's financial management and market standing. It demonstrates the company's ability to leverage money market instruments effectively for its short-term financing needs.

This move by Varroc Engineering Limited showcases its financial acumen in navigating the dynamic automotive sector landscape. As the industry continues to evolve, such financial strategies may play a crucial role in maintaining operational flexibility and supporting growth initiatives.