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Latest news about Varroc Engineering

Varroc Engineering Clarifies NCD Partial Redemption Structure to BSE 10 days ago

Varroc Engineering Limited (VEL) has provided clarification to the Bombay Stock Exchange regarding its Non-Convertible Debentures (NCDs) redemption process. The company confirmed that redemption occurs through partial face value reductions on scheduled dates, not early full redemption. The number of NCDs remains at 25,000 units, with the original face value of Rs. 1,00,000 per NCD being reduced in stages. After the recent partial redemption, the current face value per NCD stands at Rs. 75,000. The final maturity date for these NCDs is September 7, 2028, with interest payments continuing on the outstanding face value as per the original schedule.

Varroc Engineering Bolsters Leadership: Avinash Chintawar Appointed as Chief Operating Officer Oct 15, 2025

Varroc Engineering's Bulgarian Subsidiary Ceases Operations Oct 03, 2025

Varroc Engineering Lists Rs. 50 Crore Commercial Papers on NSE Aug 25, 2025

Varroc Engineering Raises Rs. 50 Crores Through Commercial Paper Issuance to Kotak Mahindra Bank Aug 22, 2025

More news about Varroc Engineering

11Aug 25

Varroc Engineering Reports 6.8% Revenue Growth with Strong EV Business Expansion

Varroc Engineering reported consolidated revenue of INR 2,028.00 crores, up 6.8% year-over-year. EBITDA margin expanded to 9.5%, and PBT increased to 4.1% of revenue. The company reduced net debt by INR 300.00 crores to INR 448.00 crores. EV business revenue doubled, now accounting for 11% of total revenue. New order wins with annualized peak revenue potential of INR 291.00 crores were secured. The company filed 10 new patents and increased renewable energy sourcing to nearly 50%. Management expects further debt reduction and plans INR 150.00 crores investment for land acquisition.

07Aug 25

Varroc Engineering Reports 6.8% Revenue Growth and 54% Jump in PBT for Q1

Varroc Engineering, a global tier-1 auto components group, reported robust Q1 financial results. Consolidated revenue reached Rs. 20,276.00 million, up 6.8% year-on-year. Profit before tax increased by 54% to Rs. 822.00 million. EBITDA improved to 9.5% from 9.1%. Net debt reduced by Rs. 3,002.00 million to Rs. 4,478.00 million. The company secured new business wins with annualized peak revenues of Rs. 2,905.00 million. Revenue from EV customers accounted for 11% of total revenue. However, the company faces challenges including a settlement offer from an overseas party and an arbitration case initiated by OPmobility Lighting Holding, France.

18Jul 25

Varroc Engineering Bolsters Board with Appointment of Private Equity Veteran Padmanabh Sinha

Varroc Engineering has appointed Padmanabh Sinha as an Additional Director - Non-Executive and Independent Director for a five-year term starting July 18, 2025, subject to shareholder approval. Sinha brings over 25 years of experience in private equity and tech entrepreneurship. The company also announced the completion of tenure for three Independent Directors and the appointment of Anil Ghatiya as the new Company Secretary and Compliance Officer, effective July 31, 2025.

09Jul 25

Varroc Engineering Faces $66.4 Million Arbitration Claim from Opmobility Lighting Holding

Varroc Engineering, an automotive component manufacturer, has received an arbitration request from Opmobility Lighting Holding. The claim amounts to $66.4 million, plus additional legal costs. The nature of the dispute remains undisclosed. This legal challenge could significantly impact Varroc's financial position and is likely to be closely monitored by shareholders and industry observers.

29May 25

Varroc Engineering: Q4 Profit Plunges 63% Amid Rising Expenses

Varroc Engineering, an automotive component manufacturer, reported a 63.2% decline in Q4 net profit to ₹21.00 crore, down from ₹56.90 crore last year. This decrease occurred despite a 6.3% increase in revenue to ₹2,099.20 crore. The company's EBITDA margin contracted to 10.56% from 11.18%. The board recommended a dividend of ₹1.00 per share. The profit decline suggests significant cost pressures during the quarter, possibly due to increased operational costs, raw material price fluctuations, or supply chain challenges.

07May 25

Varroc Engineering Secures ₹364 Crore Settlement, Boosting Financial Position

Varroc Engineering, an auto components manufacturer, has received a full settlement of RMB 310.5 million (approximately ₹364.00 crore). This significant financial inflow is expected to strengthen the company's balance sheet, potentially improving liquidity, enabling debt reduction, or funding new investments. The settlement demonstrates Varroc's ability to successfully conclude financial agreements, which could positively impact investor perception and the company's market position in the auto components sector.

17Apr 25

Varroc Engineering Ordered to Transfer 50% Stake in Joint Venture to Beste Motors

A British Virgin Islands court has ordered Varroc Engineering to transfer its 50% stake in Varroc TYC Corporation to Beste Motors for RMB 310.50 million (approx. INR 360.00 crore), following an ICC arbitration award. The transfer must be completed within 28 days of the April 3, 2025 enforcement award. The dispute stemmed from alleged breaches of a 2013 shareholders' agreement and articles of association for joint ventures in China.