Varroc Engineering announced its Q3 FY2026 results, reporting a profit of ₹320.89 million. While facing challenges including arbitration and GST orders, the company focuses on strategic initiatives. Key highlights include exercising a call option for debentures and amending regulatory policies. The board has also approved the reconstitution of committees to enhance governance and oversight. This announcement signals a proactive approach to navigate market complexities.
Financial Performance
Varroc Engineering reported a profit for the period of ₹320.89 million for Q3 FY2026. Total income stood at ₹21,181.46 million. Despite challenges, the company remains focused on improving operational efficiencies and strategic initiatives to drive growth.
Key Strategic Decisions
The Board of Directors approved several important decisions, effective February 5, 2026:
- Exercising the call option for 25,000 debentures.
- Amending the policy for determining materiality and dealing with Related Party Transactions.
- Reconstituting the Audit Committee and the Nomination & Remuneration Committee.
Call Option for Debentures
The company will exercise the call option for 25,000 rated, listed, senior, secured, redeemable, taxable, and transferable Non-Convertible Debentures with a face value of ₹1,00,000 each (current face value of ₹68,750 each), bearing ISIN INE665L07040, allotted on September 7, 2023. This will be completed 30 months from the date of allotment.
Committee Reconstitution
The Audit Committee and the Nomination & Remuneration Committee have been reconstituted. The Audit Committee now includes Mr. Vinish Kathuria (Chairman), Mrs. Liselott Kilaas, and Mr. Akshay Chudasama. The Nomination & Remuneration Committee includes Mr. Akshay Chudasama (Chairman), Mrs. Liselott Kilaas, and Mr. Vinish Kathuria.
Source: BSE
