Varroc Engineering confirms the full utilization of proceeds from its ₹50 crore commercial paper issuance during Q2 FY 2025-26, aligning with the originally stated objectives in the offer document. A statement confirming the absence of any deviation or variation in the utilization of these funds for the quarter ended December 31, 2025, is included.
Commercial Paper Utilization
Varroc Engineering has confirmed the complete and appropriate utilization of funds raised via Commercial Paper (CP) during the second quarter of fiscal year 2025-26.
Key Points
The company successfully raised ₹50 crore through the issuance of Commercial Paper.
The funds raised have been fully utilized for the purposes specified in the original offer document.
There were no deviations or variations in the allocation or utilization of these proceeds.
Reporting Period
This announcement pertains to the financial quarter ended December 31, 2025.
Source: BSE
