Varroc Engineering has confirmed the exercise of the Call Option for the early redemption of its 8.6% Senior, Secured, Redeemable, Taxable, Transferable Non-Convertible Debentures (NCDs), ISIN INE665L07040, totaling ₹250 Crores. A new Record Date of February 13, 2026, has been fixed for this redemption, and all previously intimated future record dates stand cancelled. Redemption is scheduled to occur on or before March 7, 2026.
Clarification on NCD Early Redemption
Varroc Engineering Limited issued a formal update regarding the Senior, Secured, Redeemable, Taxable, Transferable Non-Convertible Debentures (NCDs) bearing ISIN INE665L07040, following an inquiry from the stock exchange dated February 12, 2026.
The company formally announced its decision to exercise the Call Option for the early redemption of these NCDs. The instruments involved are the 8.6% NCDs, which were issued on a private placement basis, having an original face value of ₹1,00,000 each, aggregating to a total of ₹250 Crores.
New Record Date Fixed
In accordance with the terms set out in the Issue Documents and the General Information Document dated September 4, 2023, Varroc has fixed a new Record Date to facilitate the early redemption process.
- New Record Date: February 13, 2026 (previously communicated on February 5, 2026).
- Cancellation of Prior Dates: All future record dates that were previously intimated via communication dated November 10, 2023, now stand cancelled.
- Redemption Timeline: The NCDs will be redeemed on the due date or on or before March 7, 2026.
This action ensures the completion of the redemption based on the exercised Call Option, superseding any previous schedule for future coupon payments or installments for these specific NCDs.
Source: BSE
