Varroc Engineering Limited has filed its quarterly compliance statement with stock exchanges, confirming no fund-raising activities during the quarter ended December 31, 2025. The automotive component manufacturer submitted the mandatory disclosure under SEBI Listing Regulations, demonstrating its commitment to regulatory compliance and transparent financial reporting.

Quarterly Fund Utilization Report

The company's submission to NSE and BSE confirms compliance with Regulation 32 and 52(7) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. As per the filing dated January 2, 2026, Varroc Engineering reported no new issue or fund-raising activity during Q3FY26.

Commercial Paper Proceeds Utilization

The company confirmed proper utilization of previously raised funds through Commercial Paper. Varroc Engineering had raised ₹50.00 crore via Commercial Paper in Q2FY26, and the latest filing confirms complete adherence to stated objectives.

The proceeds were utilized entirely for purposes stated in the offer document and General Information Document, with no deviation or variation from the original objectives. This demonstrates the company's disciplined approach to capital allocation and adherence to investor commitments.

Regulatory Compliance Framework

The submission was made in accordance with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019. Company Secretary and Compliance Officer Anil Ghatiya signed the compliance certificate, confirming the accuracy of reported information.

Key compliance highlights include:

• No shareholder approval required for fund utilization changes
• No audit committee comments necessary due to proper fund usage
• No auditor remarks on fund utilization practices
• Complete transparency in fund deployment reporting

Corporate Governance Standards

The timely submission of the NIL deviation statement reflects Varroc Engineering's commitment to maintaining high corporate governance standards. The company's proactive compliance approach ensures investor confidence and regulatory adherence across all fund-raising activities.

This quarterly filing reinforces the company's track record of responsible financial management and transparent reporting practices, essential elements for maintaining investor trust in the competitive automotive components sector.

Varroc Engineering Limited (VEL) has provided comprehensive updates regarding its Non-Convertible Debentures (NCDs) to the Bombay Stock Exchange (BSE). The company has submitted regulatory disclosures under SEBI Regulation 54(2) regarding security details as on December 31, 2025, while also clarifying the redemption structure of its existing NCDs.

Latest NCD Security Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Varroc Engineering has disclosed the security details of its NCDs as on December 31, 2025. The disclosure was submitted to BSE on January 2, 2026, by Company Secretary & Compliance Officer Anil Ghatiya.

NCD Redemption Structure Clarification

VEL has also provided clarification to BSE regarding the redemption process of its NCDs, emphasizing a partial face value reduction approach rather than early full redemption. The company confirmed that redemption occurs through partial reductions in face value per NCD on scheduled record dates, as outlined in the original issuance terms.

Security and Compliance Framework

The NCDs are secured by way of exclusive charge on specific identified movable fixed assets of the company. The asset cover with respect to these NCDs, including interest obligations, maintains a ratio higher than the requirement of 1.10 times as specified in the Debenture Trust Deed. This provides additional security to NCD holders and demonstrates the company's commitment to maintaining adequate collateral coverage.

Implications for Stakeholders

These disclosures ensure transparency in Varroc Engineering's debt management strategy and regulatory compliance. The structured redemption approach allows for gradual debt repayment while maintaining the total number of NCDs constant at 25,000 units. Interest payments continue on the outstanding face value as per the original schedule, providing clarity to investors regarding their expected returns until the final maturity date in 2028.