Varroc Engineering Limited , a global Tier-1 automotive component group, has announced a significant business win in the rapidly growing electric vehicle (EV) market. The company has secured a strategic contract to supply high voltage electronics for e-powertrain components to an electric vehicle manufacturer, marking a notable advancement in its electric mobility segment.

Contract Details

Varroc will be supplying a comprehensive range of High Voltage Electronics for various high-performance e-powertrain components, including:

• Power electronics unit
• Inverters
• Onboard chargers
• Battery management systems (BMS)
• DC-DC converters

These components will be manufactured at Varroc's facility in Romania, ensuring high-quality production and timely delivery in line with global standards.

Contract Scope and Duration

The contract spans over an impressive period of 8 years, highlighting the long-term nature of this partnership. Based on the volume forecasted, Varroc is expected to set up a peak annual capacity worth INR 8,000.00 million.

Strategic Importance

This contract win is significant for Varroc Engineering for several reasons:

1. It strengthens Varroc's position in the global passenger vehicle electronics market.
2. The agreement aligns with Varroc's strategic roadmap to accelerate growth in electronics, lighting, and electric powertrain solutions for global automotive OEMs.
3. It validates Varroc's advanced electronics manufacturing capabilities and understanding of the global EV ecosystem.

Company's Perspective

Mr. Dhruv Jain, CEO-Business II, Varroc, expressed excitement about the contract, stating, "We are excited to support our EV OEM customer with their High Voltage electronics requirements. This contract win is a strong validation of our advanced electronics manufacturing capabilities and our understanding of the global EV ecosystem."

Varroc's Capabilities

Varroc has been investing significantly in advanced technologies and possesses strong capabilities in:

• Electronics manufacturing
• Systems integration
• Design expertise

These capabilities position the company well to meet the growing global demand for e-mobility, connectivity, and ADAS (Advanced Driver Assistance Systems).

About Varroc Engineering Ltd.

This strategic contract win underscores Varroc Engineering's commitment to innovation and its growing presence in the electric vehicle component market. As the automotive industry continues its rapid transition towards electrification, Varroc is well-positioned to be a key player in providing advanced, reliable, and efficient solutions that meet the highest standards of quality and performance.

Varroc Engineering Limited , a prominent player in the automotive component manufacturing sector, has successfully met its financial commitment by redeeming Commercial Papers (CPs) worth Rs. 50.00 Crore. The company made this announcement to the National Stock Exchange of India (NSE) and BSE Limited on November 20, 2025.

Key Details of the Redemption

The redemption of the Commercial Papers, which were issued to Kotak Mahindra Bank Limited, was completed on the maturity date. Here are the essential details of the transaction:

Regulatory Compliance

Varroc Engineering's action aligns with the SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and its subsequent amendments. This circular governs the issuance and listing of various financial instruments, including Commercial Papers.

Company's Statement

In its communication to the stock exchanges, Varroc Engineering stated, "We wish to inform you that the Company has fulfilled its payment obligation and has fully redeemed the Commercial Papers (CPs) of Rs. 50.00 Crore."

This timely redemption of Commercial Papers demonstrates Varroc Engineering's commitment to meeting its financial obligations and maintaining a strong financial position. It also reflects the company's ability to manage its short-term debt effectively, which is crucial for maintaining investor confidence and financial stability.